This Day On The Street
Continue to site
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

Time to End the Post-Election Hangover

NEW YORK ( TheStreet) -- I was pretty satisfied with the election results. I know many in the market weren't and I am sympathetic to that. But when it gets in the way of making money, I lose patience with grieving.

That's what is happening right now. A lot of traders apparently bought into the political spin of their party leaders, assuming bad motives on the part of the other side, and the result is clear in the latest American Association of Individual Investors sentiment index -- a sharp fall into bearish territory since November 6. One trader put this on a chart and posted it to Twitter .

I see it every day -- hundreds of comments on stories trying to re-litigate the election on , crickets when I write about real market opportunities on that site.

Investors are suddenly more bearish than at any time this year. They're more bearish than they were in May, when USA Today said no one wanted stocks anymore, as Barry Ritholz wrote at the time, . Even more bearish than June, when was collecting "oh noes" about China.

Or, as CNBC put it all last week: Fiscal cliff! Fiscal cliff! Fiscal cliff!

Well, fiscal cliff schmiscal cliff.

First, let's get two things straight. Mitt Romney is not a fascist, and Barack Obama is not a Kenyan Muslim Socialist. Their differences are minor compared with what they agree on. If you're buying or selling assets based on a caricature, based on politics, you're losing money in any market.
>>> On Tuesday, November 20 at 6pm ET, TheStreet will host a Trade Credit Insurance webinar with Todd Lynady, Senior Underwriter for Zurich in North America and Mike DeLuca, Senior Partner of One Source. Register now.

Here's the truth. The American economy is in pretty good shape, compared to the rest of the world. You can throw darts at a board, or you can buy the New York Stock Exchange (SPY) or Nasdaq (QQQ) ETFs and come back five years from now with more money than you started with.

Consumers are less debt-ridden than at any time since 2003, as The FiscalTimes writes. We have a natural gas glut we can't export, MoneyNews writes, meaning energy inputs cost less here. And when that glut ends, we make more money.

The dimensions of a sustainable recovery are also coming into focus. We are approaching energy abundance, not just oil and gas abundance but abundance in technologies that produce alternatives to oil and gas, and use that energy more efficiently.
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
QQQ $105.72 0.00%
SPY $206.33 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs