The company's that make those spinner hubcaps should do good. Anything sold in mass in low income areas.
BTW, The Dow finished the day at 9,139.27 down 486.01, S & P 952.27 down 52.98 & the Nasdaq 1,681.64 down 98.48. This means they started the Redistributors reign at 9,525.28, 1,005.25 & 1,780.36 respectively. Care to make a wager as to where they will be located when the election day ends 4 years from now? In real terms, not just Up or Down, as there were nothing but High expectations from this point, as there were yesterday when it was still felt McCain had a chance.
Maybe a return to the Bush years of 14,000 before the D's failed policies came into effect (talk about creating a mess & being rewarded for that action) or will it sit at Dow 17,500, a mere 25% gain for the 4 years? I'd like to hear your take on where you think things are going.
Please don't say you don't know as you have no crystal ball, please remember you bought into a candidate without a track record of accomplishment so you apparently have those powers.
If you noticed last night, Asian and international markets went up while the domestic pre-trading went down. Smart money and investors such as Jim Rogers are leaving the USA for Asian and emerging markets.
Henry, your article does not contradict me. I was repeating what I heard said on CNBC on Tuesday when the pundits were discussing on how stocks closed up 300. They mentioned that is also always closes up the day after the election because of the resolution of the uncertainty caused by the election.
The pundits were talking about one day -- the day after the election. Your article is talking about the election year and trends.
Here is a link to Cavuto saying the same thing on video -- CLICK.
Well, it appears I was wrong when I said "always," but in my defense, I was just repeating what I heard on CNBC.
NEW YORK, Nov 5 (Reuters) - Wall Street hardly delivered a
rousing welcome to President-elect Barack Obama on Wednesday,
dropping by the largest margin on record for a day following a U.S.
The slide more than wiped out the previous day's advance, the
largest Election Day rally ever for U.S. stocks.
The following table shows the percentage rise or decline in the
Dow Jones industrial average .DJI, Standard & Poor's 500 index
.SPX and Nasdaq composite index .IXIC on the day after a U.S
presidential election and who won the Election Day vote.
Year Dow S&P Nasdaq President elect
2008 -5.05 -5.27 -5.53 Barack Obama
2004 +1.01 +1.12 +0.98 George W. Bush
2000 -0.41 -1.58 -5.39 No decision: G.W. Bush v Al Gore*
1996 +1.59 +1.46 +1.34 William Clinton
1992 -0.91 -0.67 +0.16 William Clinton
1988 -0.43 -0.66 -0.29 George H. W. Bush
1984 -0.88 -0.73 -0.32 Ronald Reagan
1980 +1.70 +1.77 +1.49 Ronald Reagan
1976 -0.99 -1.14 -1.12 James Carter
1972 -0.11 -0.55 -0.39 Richard Nixon
1968 +0.34 +0.16 --- Richard Nixon
1964 -0.19 -0.05 --- Lyndon Johnson
1960 +0.77 +0.44 --- John Kennedy
1956 -0.85 -1.03 --- Dwight Eisenhower
1952 +0.40 +0.28 --- Dwight Eisenhower
1948 -3.85 -4.15 --- Harry Truman
1944 -0.27 0.00 --- Franklin Roosevelt
1940 -2.39 -3.14 --- Franklin Roosevelt
1936 +2.26 +1.40 --- Franklin Roosevelt
1932 -4.51 -2.67 --- Franklin Roosevelt
1928 +1.20 +1.77 --- Herbert Hoover
1924 +1.17 --- --- Calvin Coolidge
1920 -0.57 --- --- Warren Harding
1916 -0.35 --- --- Woodrow Wilson
1912 +1.83 --- --- Woodrow Wilson
1908 +2.38 --- --- William Taft
1904 +1.30 --- --- Theodore Roosevelt
1900 +3.33 --- --- William McKinley
1896 +4.54 --- --- William McKinley
* George W. Bush ultimately was determined the winner of the 2000
Source: Reuters EcoWin
Marv, I'll give you the same deal as Joe.
By the way, right now I feel pretty darn good about my vote. See my thread - This could get ugly.
You can argue till the cows come home about Obama's lack of experience, but Palin takes the cake. I voted for what I thought was best for the country, not my personal pocketbook or my "values."