Stunning

No news to people I am sure... Obama won yesterday and the market is selling off sharply.  I am nothing short of stunned.  I thought markets were supposed to be looking 6 to 12 months forward, but apparently not so.  We were not even looking 24 hours forward.

I am not as surprised. As I wrote in my Fiscal Cliff blog the other day, I have been very concerned for quite a few months.  I had moved my dividend portfolio to 32% cash, plus I took a largish position in SDS (a 2x S&P 500 bear fund).  I still expect further selling pressure, a 2% drop in my mind is a drop in the bucket.  Ten to fifteen percent seems more likely to me.

Of course any time there is a sell-off, one should be thinking about what they'd like to buy and at what prices.  I think in my dividend portfolio, I will be looking at what I have sold:

TROX
WBK
LNC
SBS
PM

I also have my 2nd tranche of MFI stocks coming up November 15th.  Not yet sure what will be in there, but I am hoping for some bargain shopping.  AAPL may be a real possibility as it has dropped significantly since touching $700.

Here is my current dividend portfolio:

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
BHK	2,219	12.73	16.14	2,256.27	34.8%	3.5%	31.2%
CSCO	4,262	17.20	17.24	1,417.26	2.2%	4.8%	-2.7%
CSQ	5,404	8.26	9.96	4,487.43	30.7%	19.7%	10.9%
FSC	2,753	9.79	10.54	1,531.56	13.3%	2.8%	10.5%
HFC	1,100	33.98	40.60	1,813.78	24.3%	1.5%	22.8%
INTC	1,973	21.01	21.03	1,998.36	4.9%	13.3%	-8.4%
JPM	1,673	35.22	40.70	992.36	17.2%	4.7%	12.5%
JQC	4,135	9.10	9.88	4,107.71	19.4%	4.3%	15.1%
KMF	1,844	21.97	28.85	3,637.01	40.3%	16.1%	24.2%
KSS	632	48.18	54.60	400.19	14.6%	3.2%	11.5%
MPC	579	43.89	55.62	343.47	28.1%	2.4%	25.6%
MSFT	965	26.83	29.19	1,266.94	13.7%	13.9%	-0.2%
O	552	19.17	38.85	7,294.60	171.5%	65.5%	106.0%
OIBAX	3,861	4.91	6.56	6,503.93	68.0%	65.9%	2.1%
PGR	2,000	20.48	22.18	-	8.3%	3.3%	5.0%
PRE	532	67.33	79.80	956.09	21.2%	3.3%	17.9%
PVD	427	65.11	107.40	3,787.87	78.6%	15.9%	62.7%
SAI	4,680	12.83	11.11	1,376.70	-11.1%	-1.0%	-10.1%
STO	1,040	23.82	24.07	1,121.00	5.6%	18.4%	-12.8%
VIVHY	2,296	16.70	19.22	3,749.20	24.9%	1.9%	23.0%
Total Open				49,042	21.6%	9.2%	12.5%
Closed					11.3%	9.1%	2.2%
Combined					14.0%	9.1%	4.9%
IRR Since 12/31/10					14.7%
2012 Gain					21.0%