1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Post-Election Retreat: Dow Plummets Below 13K for First Time in 2 Months

Discussion in 'News & Current Events' started by Revmitchell, Nov 7, 2012.

  1. saturneptune

    saturneptune New Member

    Joined:
    Jan 16, 2006
    Messages:
    13,977
    Likes Received:
    1
    CNBC does a good job. My 401K is based on five broad based funds, government treasuries, a fund that mirrors the S and P 500, a fund that mirrors small caps, a fund that mirrors the international stocks, and a broad based bond fund. Currently my allocation is 40, 21, 12, 7 and 20, based on the order above.
     
  2. billwald

    billwald New Member

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    2
    Two things to keep in mind. First, the majority of stock trades are computer generated and are NOT made by a real person changing his IRA account.

    Second, the international value of the US dollar jumped. As bad as the US economy is, the rest of the major economies are worse.
     
  3. Andy T.

    Andy T. Active Member

    Joined:
    Apr 8, 2005
    Messages:
    3,147
    Likes Received:
    0
    Yes, and when Obama was reelected, the markets yesterday had a reality check that the economy will get worse and our deficit/debt will continue to grow under Obama's failed leadership.

    By the way, the market is dropping today too.
     
  4. LadyEagle

    LadyEagle <b>Moderator</b> <img src =/israel.gif>

    Joined:
    Feb 7, 2002
    Messages:
    22,028
    Likes Received:
    1

    Agreed. And if Romney were elected, I truly believe the stock market would have broken all records. But he wasn't. America voted and this is what America wanted. So basically, all Americans lose, not just the stock market. :tear:
     
  5. saturneptune

    saturneptune New Member

    Joined:
    Jan 16, 2006
    Messages:
    13,977
    Likes Received:
    1
    That is why you diversify. When equities go down, bonds will generally go up. Another thing one can do is buy into the VIX index as insurance.
     
Loading...