Gore may think that since the markets obviously don t like him, he won t do investors any favors, either. But he should know that the stock markets are no longer the exclusive domain of only the wealthiest Americans. Indeed, pollster John Zogby, who did the best job among major pollsters in calling the voting on Election Day, identified a new force in politics. The events of the past several weeks have accomplished something that investment professionals couldn t for the last two years. Because if your portfolio is down anywhere from twenty-five to fifty percent or more, you re not going anywhere, anytime soon.
Markets move in cycles.
They always have, and they always will. Bulls and bears fight a never-ending war. In a few weeks, I ll be counting down the stock market winners and losers for 2000. Just take 1999 s list and flip the winners into losers. In 1999, portions of Pennsylvania experienced a terrible drought.