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Stocks sell off after election

Ahlevah

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U.S. stocks fell sharply at the open Wednesday, as investors focused on how President Obama plans to avoid the fiscal cliff after he won re-election Tuesday night....

The Dow Jones industrial average fell more than 200 points after the open, a more than 1.3% drop. The Nasdaq and S&P 500also slid more than 1.3%.

Stocks sell off after election - Nov. 7, 2012

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.
 
Stock market is just being coy, don't worry about it.

Really though, is it at all concerning the stock market has been stagnant for the last month or two despite QE3?
 
Stock market is just being coy, don't worry about it.

Really though, is it at all concerning the stock market has been stagnant for the last month or two despite QE3?

A lot going on here: European debt woes; China slowing; U.S. economy slowing; fiscal cliff; some large, negative earnings announcements.... But I'll bet if Romney'd won the markets would have been coy to the upside. Higher taxes are never good for stocks. Bonds, on the other hand, seem to be pricing in slower growth.
 
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A lot going on here: European debt woes; China slowing; U.S. economy slowing; fiscal cliff; some large negative earnings announcements.... But I'll bet if Romney'd won the markets would have been coy to the upside. Higher taxes are never good for stocks. Bonds, on the other hand, seem to be pricing in slower growth.

Well yeah, lower taxes tend to make people more comfortable with bringing their money into the public.

The stock market was UP yesterday by 150 points purely on the assumption that Romney would win.
 
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.

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.
 
A lot going on here: European debt woes; China slowing; U.S. economy slowing; fiscal cliff; some large, negative earnings announcements.... But I'll bet if Romney'd won the markets would have been coy to the upside. Higher taxes are never good for stocks. Bonds, on the other hand, seem to be pricing in slower growth.

I've heard that the bond market is a bubble that will burst eventually.
 
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.

Not to worry anything bad that happens is Bush's fault so it doesn't matter
 
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.

Why would we care about what stocks did the last 4 years? What happened in the first few hours is what really counts.
 
So how'd that landslide for Romney work out for you?

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)
 
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)

It's one of the stages of grief. Just stay away when you get to "anger."
 
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.
 
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.
 
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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.
 
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
 
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.
 
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.
 
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...)
 
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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.
 
Keep dropping - go on piglets. Make it cheap for me so I can buy it up.

yum yum.
 
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:
 
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
 
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?
 
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