How The 2012 Presidential Election Will Affect My Investments
By Mark Bern, CPA CFADoes it really matter who wins the presidential election in 2012? Of course, it does. We all have our opinions for different reasons, so I'll not get into that. What I'm interested in is how the election result will affect my investments. In the short term, I don't think it matters unless one or the other candidate appears to have gained the upper hand in the polls, which I doubt will happen. Thus, barring a return to major problems in Europe, conflict in the Middle East, or some other global economy-altering event, I expect U.S. equities to grind mostly higher with the possibility of a 5% to 8% pullback until the fall.But that is where the ride will become much more turbulent, in my humble opinion. The elections will pump a lot of additional money into the economy and the Federal Reserve will doComplete Story »
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