The stock market fell after Obama was reelected President. But within days the market was in rally mode once again. The sell-off proved to be short lived as investors smartened up and bought stocks on the cheap.
I ended up getting two of the four stocks on my wish list. I wanted to step in one stock at a time because I didn’t know how far the market would fall. I purchased Francescas Holdings (FRAN) and GNC (GNC) which possess the best upside of the group.
What an Obama victory means is higher taxes. So investors are selling off some of the best stocks in their portfolios to pay the bill today. This will lead to great values like the ones we are seeing in Apple (AAPL) and Priceline.com (PCLN). My advice is to stick with your winners because they are undervalued so much that the upside should be much better than the additional taxes you would have to pay. AAPLE & PCLN could jump big in 2013.
