Who cares?

Of course, right now we are all seeing a ton of political stuff going on with the elections coming up. I recently saw an ad asking "What will happen in the market if Obama gets re-elected?" My first reaction was 'Who cares?'

Actually, that's still my reaction. The market can be ready for a serious correction. I say 'can be' because, as far as I'm concerned, there has been enough time for any accounts that went through the last debacle (if they were using my methods) to accumulate plenty of cash in the case of a significant correction. Now, we probably need some more upside to really do well in the case of something more serious than just a 'correction,' like we saw in 2008. Those don't come around all that often, though. Yes, we've been hearing a bunch of doom-and-glommers saying how the world economies are on the brink of complete collapse...looking at history, however, collapses don't usually come after a period of caution and mild fear. They usually come after everyone thinks that nothing bad can ever happen again, and then when something bad does happen, they switch into extreme fear mode, and then the shit really hits the fan.

Yeah, there could be a mild bear run around the corner, but I think we've got some more 'wall of worry' to climb, with an occasional slip, before we see anything significantly downward.

At this point, though, like I said, it doesn't really matter. What a great position to be in - wouldn't you agree?