Poll: Where will your money be on Tuesday?

Posted on by The INO.com Team

Since 1932, the markets have rallied after each midterm election. Is that a guarantee that this will occur once the dust settles after Tuesday's election? No, but most investors seem to think that will be the case this year. So today's question is:

Will Tuesday's midterm election affect how you invest in the next few days?

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If you're currently out of the market, what are you waiting for to get back in? If you're in, what will drive you out? Tell us more about your "election strategy" in the comments section below.

Every success,
The MarketClub Team

43 thoughts on “Poll: Where will your money be on Tuesday?”

  2. I agree very much with Dan (2010-10-29 11:36:14). I will just add that greed is what helped get us here, and it is usually the individual that becomes ever more greedy. One important function of our government is to protect the masses from this greed. The deficit, the two wars, the stimulus packs, the bail-outs, etc. are in direct conflict with continued lowering of taxes, especilly to the well off and extremely well off.

  4. I'm very heavy into silver and because of a return to control of congress
    to the republicans I expect some of the fear to leave the metal market.
    Because of this I'll place a hedge on my silver holdings tonight. I'll also
    take some profits on the December silver futures I own. Wish mw luck.

    Dan O.

  5. Everyone is expecting some big move because of the election when the Republicans may win the House but not quite gain control of the Senate. Also, technicians forecasting downturn.
    This led me to 1) increase gold exposure, and still 2) holding on to tech stocks, especially those concentrated in mobile tech, and 3) some solid dividend payers.

  6. I am going to let trade triangles guide me. I am
    LONG,gold,stocks,oil,nat gas, SHORT the dollar,tresuries until trends reverse.
    I really see no reason to be long the dollar as long as QE is in place.
    Go with the flow without opinions,emotions, let the charts guide your decisions that is my motto.

  7. We are gold, silver and mining stocks traders. So with the price of gold as high as now we stay at least until somewhere in april in gold. In 3 months a total return of 24% on our total portfolio so we are not complaining.

    You can check out our free alerts on our site.

    The indexes are around previous highs and when I would like to trade I would wait to see if the resistance holds. To me it looks like it will hold and for some time we will go down. But as I said I first want confirmation before I put my money on the line.

  8. Seemingly gold and silver are popular but you can't drive a car with it only selling it after having bought it and no one wants to have expensive stuff as at the average there is no money to buy it. Is 3 november a special day? Santa Claus will bring you then fine sweeties? Or is the rally due to some conjunction of stars and stripes?

  10. I have totaly got out of the market. Had 45,000 tied up. Can't afford to lose. No confidence with Obama and the communist Democrats. They are out to destroy this country. Buying hard gold and silver. Only way out. Buying guns and ammo too.

  12. Its all about confussion. The people will get the government they deserve. Republican or Democrat; they all dance to the same puppett strings. Greed, corruption and manipulation is what motivates our society. Until we change our values there will be no change in the government or the markets. Thats why a small minority get the bulk of the wealth and the rest of us pay the bills.

  13. I plan to be in cash and possibly day trade if an opportunity presents itself until things settle back down.

    I gave up being in the market when volatile events are coming up. Lost too much money that way.

    No gambling. See an opportunity, play it boldly and decisively, then get out. Don't look back. Don't feel bad about money left on the table.

  14. B. Bernake seems to have only one strategy- devalue the dollar to insure the Gov. gets to "keep its fiscal commitments". US debts and obligations are otherwise unpayable. The tactics to achieve this are many, (such as floating the markets) as there really is no restrictions on what the Fed can do. Gridlock will simply makes it easier for the Fed to continue assuming responsibility for "solving the problem".
    I expect a market correction of 10-15% within 3 weeks, (2008 reactions repeat)when a stronger dollar and lower markets presents a buying opportunity.
    and perhaps the last good "exit the dollar" opportunity!

  15. I've got a few techs moving up with 5% trailing stops, and my SLV went up nicely today.
    Took a starter position on SMH (the double ETF, USD) as I think the semis can move higher before the next 3-5% correction.

  16. I think a correction was due by end of October but I think it is being delayed by a week until after FOMC and elections. So I feel there may be a minor correction and the market will continue rallying/grinding higher until end of December or so or till S&P hits 1220 or so. A much larger correction may come after Q1 2011.

    I would continue holding strong performers. In general most stocks have done well. So there is no reason to be pessimistic.

  17. would like some feedback on these airline flights that are being delayed due to potential terrorism concerns. What does that mean to the DJII, anything? Also, should be bullish gold and silver, right? Thanks.

  18. I've not cut back on multinational equities but have increased long positions in TBT (int rates going up) and a gold ETF (US Dollar going down) with a couple targeted US industrial shorts.
    GOP likely to recover positions in both House and Senate. Immediate pop to markets but then correction (5-10%) within 90 days. On balance, will remain long but don't expect much in equity returns for 2-3 years and recovery in employment and housing. Good luck.

  20. My charts show that this market is VERY OVERBOUGHT, it looks like we are in for a MAJOR CORRECTION, despite the election results, I am in 100% CASH, ready to use Bear ETF's as the correction unfolds! I am worried about more voter fraud that may change a lot of the close races, too much greed at stake for losers in close elections. Obama lied to us, the whole bunch do not care about the people. I am voting out all Democrats!! They have already started the next depression, protect your hard earned cash!!

  22. The greed, graft, payoffs, bribes and lying going on will not stop till people start getting sent to prison. The 'mistakes' made by banks on foreclosures and money laundering must be prosecuted. The taxpayer money giveaways to payoff political cronies must stop. It may be to late to turn around and we are in for a collapse!

  23. Am long SLV and few minor mining stocks (gold), have some potash stock (not POT) so have some agricultural exposure and long SH in case we get the push to down side some predict. Seasonally, we should get a hard down into the last of October and then, get DJII, along with metals rally into first half of November, so am playing technical and seasonals. Have a great weekend. 🙂

  24. The multi-national/large business World cries too high of taxes in the World, and the unschooled, gullable believe without looking at facts. The corporate welfare tricks are put in for the robber barons and the below the corporate board rooms are their pawns in the game of gas of fire.

    Why is the country burning?

    Grandious corporate welfare loop holds; and defense spending out-of-control, not for Love of Country, Mom and Apple Pie. But, greed.

    Just becuase a tax rate is X% and may be the highest listed in the World, wake up; corporation do not pay taxes like the people unincorporated, trying to use a Scheudle S Corporation structure. Give me the loop hold that corporation can use and lift my tax rate on the books to the sky. Paying zero in the end at filing time is great; but, I will cry to all that the tax rate X% is too high.

    Paying zero and lower my taxes; super!; pay me negative dollars from the backs of "We the people!" I'll laugh all the way to the bank.

  25. I will continue to be long oil and insurance HMO's as the bribes and kickbacks should be able take hold once more as the Republicans gain back their control. On the other hand I will be short the banks and the equities because Obama will likely try to put an end to the banks thievery.

  26. Funds leaving in droves, insider selling @2400:1, buoyant expectations based in wishful and historic analogic thinking , economic contraction exceeding 2008, 85% of daily volume algo-generated, corrected metals jerking short term shorts, and on... I'm outta here.

  27. I am part of the "sell the news camp." Between the FOMC meeting and the elections coming to a close at roughly the same time, I think the market has priced in a win/win scenario. Anything less than that and I think the market takes a hit.

  28. I'm in the "sell the news" camp. Between the mid term election and the FOMC meeting coming to pass at roughly the same time I feel as though the market has priced in the win/win scenario of gridlock in Washington and QE2. Anything less than a dream scenario and I think the market takes a hit.

  29. My home is on the west "wacko" coast. Until the unions are out of government, welfare is reformed, teacher tenure is history and the CA Legislature is "flipped", there will be no recovery in this state. Without recovery here I fail to envision improvement nationwide even with a substantial Republican advancement. Add the unexplainable inclination to again have, "Moonbeam", as governor and you have an impossible soup for the Golden State. No enduring positive change before, at least, 2014. Possible CA insolvency.
    Gold, cash, carefully watched Vanguard bond funds. Apartment units and recently purchased home equals home 45%.
    NO CONFIDENCE!

  31. We've been in short term notes (30%)cash (35%) and precious metals and miners (35%). The split is
    gold (35%) silver (30%) GDX/GDXJ (35%). up until July we were trying to track specific miners but every time I tracked the ones I would buy against these ETF's if there was much difference that would be eaten up by commissions. I recognize we have all our eggs in one basket but since last March it's been the best performer. Will apply some fairly tight stops for next week in case we get
    a significant dollar move (republicans win big) but I see an election with no clear mandate just like the G20 last week. Talk is cheap and currency wars are likely just around the corner.

  32. I imagine that the "smart money" (those whose greed almost sunk the system) will euphorically drive up the market temporarily. Then, when the reality that TeaBagger-FoxyCorp-RepublicanParty ideas are not able to make as much reconstructive progress as the current administration, these same folks will drive the market down, continuing to blame the President.

  33. "The will of the people." Which "people" might they be?

    Would “the people” be those who stand in the long American tradition of being willing to sacrifice a portion of their more-than-necessary-means so that a minority can simply survive (that is, have assurance that if they or their kids get sick, they can get dignified medical help; have assistance with minimal income when they lose their jobs through no fault of their own--but maybe through the fault of a few who were so greedy and self-serving that they threw the system into jeopardy)?

    If this is not the will of the American people, then we have truly lost our way as a great nation.

    --TechTraderAz

  34. bears are to be burned alive
    fed will burn bears
    don't buy those 3x bear funds(WORTHLESS FAZ)

    agro commodities, oil, penny miners otc-pk, chile canada australia

  35. I expect the more fiscally conservative Politicians will gain seats and hence a sell off in stocks and advance in the USD. It may not happen straight away on the first day results are in but thats my expectation.

  36. I'm staying in a little, just in case we get a zoom, but not so much in case it goes the other way. Basically I've trimmed my more speculative holdings way back over the last few, and am only holding things in bulk not real likely to make a big move either way. Just a little of the high beta stuff here and there, because you never know, and having them on my "holdings" list makes them easier to watch and buy/sell as the event will call for, quickly.

    I suspect any large move will at least partially mean-revert, so it's all going to be in the timing. The key word is "guess".

  38. One-third of portfolio in cash; substantial in small cap gold sotcks and balance in major corps with solid balance sheets and good earning reports.

    US political situation reflects reality of a worsening financial situation for the country and with it the Western World and unfortunately as clearly reflected by Rich Broling in his comments above, the US public by large still is unable to accept the fact that not only must public expenditure drop drastically including at the state level and with it services but the tax system must be drastically overhauled if the country is going to reduce its deficit and see a return to a balanced budget. Same goes for my country Canada which will not hit as badly by the financial crisis and is taking measures of restraint to deal with our budget deficit, our markets are closely linked to our neighbour the US and the Cnaadian governments, including most provincial governments, need to take even more serious budgetary action with increased taxes and reduced spending. For the US the cheap dollar hopefully should and indeed must translate into a return to greater domestic production and thus corporate growth with accompanying employment and a substantial growth in exports leading to a corresoponding improvement in the country's international trade balance. This however will not happen in the short term of the next 2 or 3 years..only when it becomes clear to the Ameerican public that the recession is around for years to come. With 84% of the US wealth in the hands of only 20% of its citizens the public at large will force that change but it will take time unfortunately for the message to become clear.

  39. I agree with Rich Broling but not to the investing extreme, especially silver, its fundamentals and now seasonality are now to much of a plus. But then again I've been wrong before and a little bit more of a correction would be good for silver...

  40. 20% house
    20% physical gold
    20% gold stocks (hedged)
    20% short 3x ETFs
    20% cash (1% green pieces of paper)

  41. I am short the market, small caps, silver, and Brazil. I am fully invested. I believe we will have another another flash crash. The volume has dried up, and unable to advance., the federal reserve can not pump it up much longer. US treasury bonds are being sold at zero interest or less. This hasn't happened since the Great Depression. It is clear to most, the fraud, acting as president, is clueless, " "and you can't fool the public all of the time." The average citizens are now impeaching the present Congress by voting them out on election day. Past decisions imposed on health care and additional taxes, are not the will of the people".

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