What do you think of the market today and why?
Genesis, Passages and others please chime in.
Welcome to the Hatteras Owners Forum & Gallery. Sign Up or Login
+ Reply to Thread
Results 1 to 10 of 13
Thread: Market response to the election?
-
11-05-2008 01:10 PM #1
Market response to the election?
Scott
41C117 "Hattatude"
Port Canaveral Florida.
Marine Electronics and Electrical Products Distributor.
-
11-05-2008 01:24 PM #2Senior Member
- Join Date
- Jun 2007
- Posts
- 4,974
Re: Market response to the election?
FREE MONEY!
But this is no different than when bushy was president....
-
11-05-2008 01:27 PM #3
Re: Market response to the election?
Krush. The DJIA is down about 300 points. Free money????????????????
Scott
41C117 "Hattatude"
Port Canaveral Florida.
Marine Electronics and Electrical Products Distributor.
-
Re: Market response to the election?
Sell the news.
We were radically overbought on the short-term measures, and look to be in a complex corrective movement, similar to what happened after Bear Stearns.
You can make money trading this, but trying to invest here is really, really dangeorus.
Obama now has the baton and he has to perform as he can't point the finger and say "the e-vile Republicans obstructed!" Uh, nope. That ain't gonna work.
So the Democrats now "own" whatever happens. At times like this that's what you want, so the public can judge and draw its own conclusions.http://www.denninger.net - Home page with blog links and more
http://market-ticker.org - The Market Ticker
-
11-05-2008 03:24 PM #5
Re: Market response to the election?
I can't agree more with manufacturing being our backbone. Right now we are hurting but will stronger unions and raising minimum wage help our situation or hurt it. Any Chiropractors in the house?
I am lucky enough to now be in a situation where I have nothing to lose in the market. It's pretty much all gone already. Long term retirement funds will stay invested and I will hope for some recovery.Scott
41C117 "Hattatude"
Port Canaveral Florida.
Marine Electronics and Electrical Products Distributor.
-
11-05-2008 04:40 PM #6Senior Member
- Join Date
- Aug 2006
- Posts
- 1,687
-
11-05-2008 05:44 PM #7
Re: Market response to the election?
Down another 480+ points. I guess NObama is not the darling of the financial world.
Scott
41C117 "Hattatude"
Port Canaveral Florida.
Marine Electronics and Electrical Products Distributor.
-
11-05-2008 06:09 PM #8
Re: Market response to the election?
Lets see now...The people in Kenya, and all of Africa for that matter, are elated, smiling, and jumping for joy. Wall street is tearing its hair out. I think I see more clearly now!!
Maynard
UNITY '86 36C
-
11-05-2008 06:47 PM #9
Re: Market response to the election?
Maynard I am not as concerned with the people of Kenya as I am with the ME countries. I see bad things happening on the next watch if we don't take action to prevent them.
Scott
41C117 "Hattatude"
Port Canaveral Florida.
Marine Electronics and Electrical Products Distributor.
-
11-05-2008 07:24 PM #10
Re: Market response to the election?
I had a nobama supporter tell me that once elected (even before he took office) stocks would go up because the financial world would know that the new guard will fix things.He was convinced the market and all US business will be back to recovery as soon as Nobama won the election. I countered with "everything he wants to do is against my basic business and science education but since I did not go to Harvard I am not sure how it really works". Only Harvard ( or other Ivy league) MBA's can figure out how to consistently loose money and still make the big bucks. I believe it is based on their friends getting them government grants or something like that.
Wall Streets reaction was not positive in fact I feel it was the opposite. I expected peoples outlooks for the president elect to be reflected in the days trading but other influences are also there. I can't blame him for all of it. The market will be a barometer of the traders outlooks.Scott
41C117 "Hattatude"
Port Canaveral Florida.
Marine Electronics and Electrical Products Distributor.