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Thread: Stocks sell off after election

  1. #21
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    Re: Stocks sell off after election

    1.3 isn't too dramatic of a shift to begin with. Somewhat noteworthy, most days, but not alarming. It happens. That it happens after this election result is hardly surprising, though. Stock market investors are the same type of creature as Mitt Romney, and would hardly support Obama's wealth redistribution platform.

    The stock market isn't the real economy anyway. It just shifts money around and doesn't go to any productive capital. The real economy is here:
    "Advocates of capitalism are apt to appeal to the sacred principles of liberty, which are embodied in one maxim: the fortunate must not be restrained in the exercise of tyranny over the unfortunate." - Bertrand Russell

  2. #22
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    Re: Stocks sell off after election

    Seems to be a fairly common reaction post-election.
    Possibly more to do with the fiscal situation than Mr. Obama's re-election.
    When he took office the stock market was falling for 5 months.
    Who's Better Off Under President Obama - Rick Newman (usnews.com)
    Maybe the Romney states where hoping he would move a little of his money from the Caymans to them.
    Just my $0.02

  3. #23
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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.
    An no one made such a leap, except you. See how that works?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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