Maybe Romney Did Win

By 2016, Mitt Romney may be sighing in relief that he lost Tuesday. The economic landscape for the next four years is likely to be filled with crises, and the president in office will be blamed for most of them, whatever his policies. Romney's destiny of quiet retirement with his automobile elevator and his Cayman Islands investments will seem greatly preferable to the struggle that awaits the re-elected President Barack Obama. Internationally, four more years leaves plenty of time for things to go wrong.

For investors, the advice is clear. Buy gold, oil and miners/energy producers. Don't buy anything that relies on a buoyant U.S. consumer market. If Apple Inc. (Nasdaq: AAPL) is trading at $700 in 2016, it will be because the dollar is only worth 10 cents. Buy solid dividend stocks with recession-proof cash flows.

Source: Money Morning

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