Less than 12 hours after President Obama was re-elected, the Dow Jones fell 300 points, and has continued to head lower. It appears many investors are "knee-jerk" selling because of the president's second term.
The last time President Obama was elected, in 2008, the markets hit lows just a few months later. Early 2009 ended up being one of the best buying moments in history for stocks – does this mean we should be loading up?
Money Morning's Chief Investment Strategist Keith Fitz-Gerald appeared on Fox Business' "Varney & Co." today (Monday) to discuss this post-election market and where to find the current buying opportunities.
Asked about those selling the markets now that President Obama has won a second term, Fitz-Gerald responded, "That is the worst possible thing an individual investor can do. You need to be in the markets and you need to be in the markets for appreciation and income, and you need to use things like trailing stops, for example, that automatically make that decision for you."
Check out the accompanying video to find out which sectors and industries Fitz-Gerald is eyeing up now.