Wednesday, November 5, 2008

Back in the Dumper Again

I had hoped that yesterday's elections would have helped the markets turn around a bit, but they've taken a turn for the worse instead.

Toward the end of last week, things seemed to be picking up in anticipation of the Presidential elections. I figured that, no matter who came out on top, the market would show some signs of improvement - but instead, the market took a serious dive - all the major indexes were down today, and I expect the trend to continue through the week.

Fortunately, I maintained a healthy skepticism, and didn't follow through on my notion of dumping more money into the markets in anticipation of a major rally. And at this point, I'm not expecting that to occur.

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