What seems most certain this week?
- Gold/silver will rise.
- Oil/gas stocks will rise.
- Coal stocks will rise.
- Alternative energy stocks will rise.
- Banking/financial stocks will rise.
- Utilities stocks will rise.
- Casino/gaming stocks will rise.
- Consumer staples will rise.
- Pharma will rise.
- The market as a whole will rise.
- The market as a whole will fall.
- Other, please explain.
Seems like, if one were so inclined, an investor with a short-term trader mentality might try to find some way to profit off major world events such as 9/11, the invasion of Iraq, or a US presidential election.
Well, I failed to alter my investing strategy based on the first two. But what about this election? Is it an opportunity to make a quick buck?
People say the market likes certainty so one might think it will rise following the election, regardless of who wins.
But Obama’s 90% likely to win so surely that’s already been factored in and won’t make any difference.
Repubs claim Obama’s bad for business and will cause the markets to decline, but Obama’s favored to win largely because so many voters are confident he’s better for the economy.
Aside from the election, I understand a lot of bad financial reports are scheduled to come out this week, which would cause further losses.
So, what say you? Any sure bets?