Ask an expert: How will election affect markets?
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Remember last summer roller coaster?
I'm afraid market ride will be rough as some try to influence our votes one way or the other by massive sell offs, etc.
A correction is coming, of course, another bear market this year, maybe. If the tea party continues their efforts we will have an economic disaster like which happened last August of 2011. After that happened, the tea party people were saying so far so good. That reminded me of a story.
A man went to the top of a 100 story building and while looking over the side, he fell off of the building. Down about the 50th floor, there was a party going on in the balcony of one of the rooms. As the man fell past that floor, one of the people shouted out: "How is it going?" the falling man shouted back: "So far so good."
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Stocks drift lower and bonds are hit as investors await the Fed. Prepare for higher volatility this week.
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