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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (121468)	9/21/2012 1:57:34 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Chinu, I'm going to go out on a limb and say this election is over. Obama is going to win. I think Romney's foot in mouth incident cooked his goose. I just read that Obama is now ahead in the fund raising overall, including Super PACs. In addition, I read an article that said Wall Street was starting to invest in Obama again. Go figure. Those people are so fickle. Obama's lead over Romney is solidifying. I think Romney's 47% comment was the nail in the coffin though. I think Bernanke's QE Infinity was the thing that built Romney's election coffin. As long as the stock market stays stable, Obama gets re-elected, because Bernanke has successful sold the public on the idea that the stock market is a great proxy for how the economy is doing. Here's a guy who I think is one of the most accurate political statisticians: fivethirtyeight.blogs.nytimes.com So regardless of what I think, Obama and Bernanke will be with us for 4 more years. BTW, I upped my stake in gold and silver bullion. I bought CEF at $23.66. I'm averaging in and will up my stake to 5% of my portfolio within the next few weeks and to 10% of my portfolio in January, if Congress has made no progress in striking a deal that bends the deficit curve downwards. Forget politics, we're on a permanent path to currency debasement. Whether or not that results in hyper-inflation, gold will rise in value over the long run. It's baked into the cake as long as Bernanke is in power. BTW, this is the first time in my 52 years of life that I've bought gold for retirement portfolio hedging purposes. Just as my bet on DBLTX has paid off handsomely with almost not volatility over the last 2 years, I'm pretty certain this investment in CEF will too. Good luck to you! I continue to hope I am wrong, but know with all my intellect and education that I am not. My current retirement portfolio allocation: 80% bonds (DBLTX & PTTRX) 10% stocks (mostly REITs) 8% cash 2% gold