Post Election Jitters

The market was down sharply again ending the day more than 5% down. That is a 10% loss over the past two days. Not a whole lot of new information released today, investors must just be getting jittery with the post election blues and the realization the economy is not good. Employers continue to cut jobs and consumers aren't spending money. But that is no surprise today, we already knew that.

We still think the market is trading at attractive levels despite the turmoil in the economy. Yes, there could be further drops, but we think the market is closer to that bottom. This is a good time to buy if you have available cash. Of course, we would suggest gradually entering back into the market over the next month or so. Today, we purchased a long term call option on the market index given the market drops over the past two days. The option price became attractive and we think this option will increase significantly in value over the next year. Check out our website, www.marketbeatingstocks.com for details.