This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

How to Prepare for Four More Years of Barack Obama

NEW YORK ( TheStreet) -- I make no apologies. I am indifferent to the political process.

The feelings of apathy I expressed in the above-linked article resonated with quite a few folks. Where I expected hate mail, I received lots of love. The idea that voting, particularly in a presidential election, is, by and large, a useless and symbolic act hit home with more people than I thought.

Frankly, it sucks to classify voting as such, but it is what it is.

For a brief period of time, I was set to vote for Mitt Romney. Then he named Paul Ryan his running mate. Then, Romney went on his little riff about the 47%. I can't vote for somebody like that and still sleep at night.

Don't get me wrong, I'm no Obama fan. I refuse to vote for "the lesser of two evils," but I have succumbed to the fact that that's exactly what he is.

An Obama presidency doesn't bode well for you if you make a lot of money, have income-producing investments, have investments you want to sell and/or are self-employed. I'm not looking forward to paying more in taxes for a healthcare program full of compromises and other assorted empty promises.

It's not like I'm anti-Romney and pro-Obama. I'm blah to both of them.

Despite my election-related apathy, I have been thinking a lot about what the market might do down the 2012 stretch, particularly once we have a winner. At this point, there's no question in my mind the winner will be Obama.

He's in the most excellent position, just six weeks out, to sit back in a zone defense. Don't make any mistakes. Answer every question the same way at every debate -- reminding the audience that Mitt Romney only really wants to govern half of the nation. It's like shooting fish in a barrel.

Lots of people fear an Obama victory, at least with respect to its impact on the stock market.

For a second, I did. But then I woke up.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMZN $437.71 0.00%
AAPL $126.44 0.00%
FB $87.28 0.00%
GOOG $523.40 0.00%
TSLA $280.02 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs