Rush is not a finance expert or trader, so you should disregard him. I am surprised by your advisor though. The statement he made was too broad to make without any conditionality. If the market was up 8% or more over the last week heading into the election, I would say betting on the market going lower would be a good one. On the flip side, had the market been down 18% over a week (instead of up 18%) going into the election, I would have been very happy to be your counterparty if you would have wanted to short the market barring some other credit disaster occurring like a GM/GMAC/RESCAP bankruptcy or something.
we’ve just been riding the whole thing out - I can’t say that I’ve felt like taking heavy duty drugs at times - we have quite a bit invested in through a stock purchase plan from work - a solid company - I would buy more now at the rock bottom price, but my financial guy said I’d have to kill him first...you know, diversify! We’ll make it, eventually, I’m just glad I have a few years to go before retirement.