Election Over: Time to Prepare a Defense
Nov 15, 2012
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By Bill DeShurko, CFP
The market seems to be unhappy with the election, and really unhappy with the fiscal cliff. The S&P 500 has moved below its 200-day moving average and will probably head lower until a deal is announced. If you are not comfortable relying on politicians for a good year-end, it's probably wise to prepare for some fallout—even if an agreement is reached.