Re: [OT] Dow Jones Continues Obama Slide

Not if Obama is in power

*************************************************

Barack Obama is not My President

--- On Tue, 11/11/08, Leland F. Jackson, CPA <lelandj@mail.smvfp.com> wrote:

> From: Leland F. Jackson, CPA <lelandj@mail.smvfp.com>

> Subject: Re: [OT] Dow Jones Continues Obama Slide

> To: "ProFox Email List" <profox@leafe.com>

> Date: Tuesday, November 11, 2008, 1:35 PM

> The stock market topped out with the DJ IA a little over

> 14,000, before

> it started its slide. I wouldn't be surprised to see

> the DJ IA go to

> 7,000, losing half its previous highs. The DJ IA is made

> up of 30 blue

> chip corporate stocks, (eg

> guessing the average portfolio will likewise lose half its

> previous

> highs, before we hit bottom, but some portfolios will do

> better and

> other worse.

> All the losses are paper loses, unless the stock is

> actually sold, so

> I'm going to hold on to my stocks, selling as little as

> possible while

> the market is down. Also, I'll invest as much as I can

> right now, while

> stocks are down, then when the market recovers, I can

> splurge and enjoy

> some of my gains. I'm strictly a long term investor.

> Right now the

> DJIA is at 8,628.25 down 242.29 or 2.73% for the day. Over

> the next 10

> to 15 years years the DJIA will probably go to 28,000.

> Regards,

> LelandJ

> Michael Madigan wrote:

> > Down almost 1000 Points since election day.

> >

> >

> > *************************************************

> > Barack Obama is not My President

> >

> >

[excessive quoting removed by server]