Well, the stock market indeed had a free fall immediately after the election. Dow Jones plunged over 300 points and S&P 500 over 30 points, the sharpest daily drop since 2009. Although the president election did not repeat the struggling show in 2000 with prolonged uncertainty, people apparently still worried about the upcoming battle on fiscal cliff. It won't be pretty! Expect more uncertainty to come. But believe or not, the chance is high that the stock market may start to advance from this level and end up with a year end rally. However, the road won't be smooth but bumpy and volatile.
If you bought some short positions in the past few days as I suggested, pat yourself on the back to enjoy it but I'd take the profit off the table.
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