Let America Shine In All Her Glory - Are You Ready For O-2?
The people have spoken.
Like it or not, and at least half don't, It's Barack Obama for another 4 years.
Regardless of your party affiliation, you have to be proud of our great nation.
This is what makes America so great and what so many have fought and died for.
Now that the dust has settled, it's time to figure out what this means to your wallet and your portfolio.
One thing is for sure, it's not going to be the same in the next four years as it has been for the last.
I am both optimistic and nervous.
Optimistic that a president's second term generally brings them closer to the middle as they worry about their legacy and start to actually do what's right for the country without the worry of reelection; nervous that what's right for this country will require simply spending what you earn, which has not been much of an American pastime the last few decades, and that will not be good for the economy.
Austerity is never fun.
In this, we are not alone.
Europe is set to erupt again, and I expect the flames of Damascus and the riots in Spain to brandish our headlines sometime soon.
In fact, we got our first glimpse the day after the election when the market plummeted over 300 points.
Many thought the market decline since the election was displeasure over Obama's victory, but that wasn't it at all.
It was a combination of 2 messages.
The first being to the bozo's in congress to forget being a democrat or a republican and start working as Americans to fix our nation's problems.
The 2nd, and likely more important message, was European weakness rearing it's ugly head again.
This time it was not isolated to Greece, Italy or Spain; it was Germany who announced that their economy is grinding to a virtual standstill after being just about the only country still in good shape left in Europe.
As investors, it's time for us to be realists.
We are coming out of an election, and it's each candidates job to tell us how great things can and will be.
It's not going to be any better, because they would have told us that.
So in the true spirit of politics, be prepared to be disappointed, and I say that as a patriotic American.
Although I do believe things will get better before they get tough again (November and December in presidential election years are traditionally very strong), we must be prepared for an O2 administration.
The economy is sputtering at best, and that even with all the politicking, corporate earnings are on the decline, Europe and China are entering a recession, and the stimulus is starting to have less of an effect due to the law of diminishing returns.
Plus, let us not forget that even trees don't grow to the sky.
Navigating the waters and understanding world events as they unfold is going to be very tough.
And that's where we can help.
Our "Invest for need, not for greed™" approach combined with our hands-on proprietary Top-Down Tactical™ investment management strategy can help you manage risk and deliver returns.
If you would like to learn more and/or get a free second opinion on your portfolio, simply reply to this email, click our Appointment Request Form or call for a no-cost no-obligation consultation today at (916) 925-8900.
Like it or not, and at least half don't, It's Barack Obama for another 4 years.
Regardless of your party affiliation, you have to be proud of our great nation.
This is what makes America so great and what so many have fought and died for.
Now that the dust has settled, it's time to figure out what this means to your wallet and your portfolio.
One thing is for sure, it's not going to be the same in the next four years as it has been for the last.
I am both optimistic and nervous.
Optimistic that a president's second term generally brings them closer to the middle as they worry about their legacy and start to actually do what's right for the country without the worry of reelection; nervous that what's right for this country will require simply spending what you earn, which has not been much of an American pastime the last few decades, and that will not be good for the economy.
Austerity is never fun.
In this, we are not alone.
Europe is set to erupt again, and I expect the flames of Damascus and the riots in Spain to brandish our headlines sometime soon.
In fact, we got our first glimpse the day after the election when the market plummeted over 300 points.
Many thought the market decline since the election was displeasure over Obama's victory, but that wasn't it at all.
It was a combination of 2 messages.
The first being to the bozo's in congress to forget being a democrat or a republican and start working as Americans to fix our nation's problems.
The 2nd, and likely more important message, was European weakness rearing it's ugly head again.
This time it was not isolated to Greece, Italy or Spain; it was Germany who announced that their economy is grinding to a virtual standstill after being just about the only country still in good shape left in Europe.
As investors, it's time for us to be realists.
We are coming out of an election, and it's each candidates job to tell us how great things can and will be.
It's not going to be any better, because they would have told us that.
So in the true spirit of politics, be prepared to be disappointed, and I say that as a patriotic American.
Although I do believe things will get better before they get tough again (November and December in presidential election years are traditionally very strong), we must be prepared for an O2 administration.
The economy is sputtering at best, and that even with all the politicking, corporate earnings are on the decline, Europe and China are entering a recession, and the stimulus is starting to have less of an effect due to the law of diminishing returns.
Plus, let us not forget that even trees don't grow to the sky.
Navigating the waters and understanding world events as they unfold is going to be very tough.
And that's where we can help.
Our "Invest for need, not for greed™" approach combined with our hands-on proprietary Top-Down Tactical™ investment management strategy can help you manage risk and deliver returns.
If you would like to learn more and/or get a free second opinion on your portfolio, simply reply to this email, click our Appointment Request Form or call for a no-cost no-obligation consultation today at (916) 925-8900.