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Thread: Stocks sell off after election

  1. #11
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    Re: Stocks sell off after election

    Quote Originally Posted by Republic Now! View Post
    Huh? What are you talking about? Ron Paul won in a landslide. Amazing, considering he was at best a write-in.

    (I'm trying out denial)
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    Re: Stocks sell off after election

    Quote Originally Posted by Ahlevah View Post
    It was almost comical watching stock futures last night as election results came in. When Obama won a state, stocks dropped and bonds rose. When Romney won, stocks rose and bonds dropped. The markets don't seem to be impressed with a second BOb term.
    They have been in the tank for Romney for months and used CNBC as a propaganda platform. Of course they will start selling off now because they had hoped for the other guy.
    PeteEU

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    Re: Stocks sell off after election

    Quote Originally Posted by PeteEU View Post
    They have been in the tank for Romney for months and used CNBC as a propaganda platform. Of course they will start selling off now because they had hoped for the other guy.
    As a financial professional, I oft have CNBC on all day.
    They are generally very Pro-GOP and anti-Obama.
    As well as having evening Cable partisan Hacks like Kudlow.

    The Dow was Up 135 points yesterday fully cognizant of the likelihood of an Obama victory.
    At the moment down 265.

    CNBC also had a short segment yesterday pointing out the oft crazy gyrations around election day. 2008's had a 400 pt rise followed by a 600 point drop.
    All the while knowing Obama would win as well.
    Last edited by mbig; 11-07-12 at 02:21 PM.
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    Re: Stocks sell off after election

    Quote Originally Posted by Ahlevah View Post
    It was almost comical watching stock futures last night as election results came in. When Obama won a state, stocks dropped and bonds rose. When Romney won, stocks rose and bonds dropped. The markets don't seem to be impressed with a second BOb term.
    The only people who should worry about 1 day changes in the stock market are stock traders.

    What is good for the stock market is not necessarily good for the country.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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    Re: Stocks sell off after election

    IMO the market drop is entirely based on fear over the fiscal cliff. With the election over it's now front and center and the first comments from McConnell and Boehner were not encouraging.

    The actual news today was positive. Real estate prices continued to rise, signaling further strength in the housing recovery, and consumer sentifment is at a four-year high.

    Home Prices Rise in 81% of U.S. Cities as Markets Recover - Bloomberg
    Upbeat Consumers to Sustain U.S. as Companies Hesitate: Economy - Bloomberg
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Stocks sell off after election

    Quote Originally Posted by samsmart View Post
    I've heard that the bond market is a bubble that will burst eventually.
    Yeah, eventually, like when we've run up so much debt no one wants to loan us money anymore. In the meantime., seniors will just have to keep working to pay the bills.
    Нава́льный 2018

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    Re: Stocks sell off after election

    Quote Originally Posted by samsmart View Post
    Yes, because what happens in the first hour of trading after an election is a clear indication of the trend for the next 4 years.
    Let's hope not. On November 7, 2000, the day Bush defeated Al Gore, the S&P 500 closed the day at 1431.87, down .22%. Right now it stands at about 1400, down about 2%, so it's gone nowhere in twelve years.
    Нава́льный 2018

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    Re: Stocks sell off after election

    Quote Originally Posted by Ahlevah View Post
    Let's hope not. On November 7, 2000, the day Bush defeated Al Gore, the S&P 500 closed the day at 1431.87, down .22%.
    Right now it stands at about 1400, down about 2%, so it's gone nowhere in twelve years.
    Of course, you're dropping/muddying the issue at hand; your blaming Obama for the sell off.
    The truth also Dents your Sig.

    The DJIA closed at 8695 on Nov 6, 2008
    but will close today around 12950..
    app a 50% Gain.

    (used this site for data Where Did The DJIA/NASDAQ/S+P 500 Trade On...)
    Last edited by mbig; 11-07-12 at 05:20 PM.
    I'm personally sick of not being able to dunk a basketball because of racism.
    anon

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    Re: Stocks sell off after election

    Quote Originally Posted by mbig View Post
    Of course, you're dropping/muddying the issue at hand; your blaming Obama for the sell off.
    The truth also Dents your Sig.

    The DJIA closed at 8695 on Nov 6, 2008
    but will close today around 12950..
    app a 50% Gain.

    (used this site for data Where Did The DJIA/NASDAQ/S+P 500 Trade On...)
    If a stock drops 90% but then gains 100% you're still down 80%. In real terms, we're still trying to get back to where we were in 2007. But thanks for the observation.
    Нава́льный 2018

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    Re: Stocks sell off after election

    Keep dropping - go on piglets. Make it cheap for me so I can buy it up.

    yum yum.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

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