I heard last week that Wall Street ALWAYS rallies the day after the election of a new POTUS and this year it should be no different.
With eighty minutes left in today's trading, the Dow is down 325 points.
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Obama's Election and Wall Street
I heard last week that Wall Street ALWAYS rallies the day after the election of a new POTUS and this year it should be no different.
With eighty minutes left in today's trading, the Dow is down 325 points.
Kevin Walker
Drive is the manifestation of Desire, and measured in Style.
Thank you judges who score Style, you are preserving Desire!
On Wall Street, this year is just like any other?
I'm in the process of trying to figure out what investments would be good for an Obama Administration.
"For everyone to whom much is given, of him shall much be required." -- Luke 12:48
Raven - Moneybird's Black Magic Marker***
(Esprit's Power Play x Trumarc's Lean Cuisine)
Mick - Moneybird's Jumpin' Jack Flash***
(Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
Peerless - Moneybird's Sole Survivor
(Two River's Lucky Willie x Moneybird's Black Magic Marker)
Originally Posted by Buzz
On Wall Street, this year is just like any other?
I'm in the process of trying to figure out what investments would be good for an Obama Administration.
Let me suggest ACORN
That's right baby and I'm a CAT 5!
When is any year on Wall Street like any other?On Wall Street, this year is just like any other?
The point is that investors don't like questions. The election of the President brings resolve, spurring confidence.
Kevin Walker
Drive is the manifestation of Desire, and measured in Style.
Thank you judges who score Style, you are preserving Desire!
Somehow I don't think that I can buy stocks in ACORN.
By the way, your avatar grosses me out.
"For everyone to whom much is given, of him shall much be required." -- Luke 12:48
Raven - Moneybird's Black Magic Marker***
(Esprit's Power Play x Trumarc's Lean Cuisine)
Mick - Moneybird's Jumpin' Jack Flash***
(Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
Peerless - Moneybird's Sole Survivor
(Two River's Lucky Willie x Moneybird's Black Magic Marker)
Now that's not the kind of CHANGE we're looking for!!!
The DOW is down 394 with 30 minutes to go ........ but who's counting!
Oops! My bad! Down 435 with 27 minutes to go ......
Last edited by Arturo; 11-05-2008 at 02:31 PM.
Quote = "Maybe the "nice and helpful" don't know enough to know the original poster is an idiot." Achiro_Jan. 09
I don't own a dog. I'm a cat person. I'm only here for the GDG!
Formerly known as WAH, W, Dubya & Dubaya
See, deep down inside you are still a right-winger Buzz!
Watch him put a nice looking chick in a bikini up for an avatar now, just to make me look bad.See, deep down inside you are still a right-winger Buzz!
"For everyone to whom much is given, of him shall much be required." -- Luke 12:48
Raven - Moneybird's Black Magic Marker***
(Esprit's Power Play x Trumarc's Lean Cuisine)
Mick - Moneybird's Jumpin' Jack Flash***
(Clubmead's Road Warrior x Oakdale Whitewater Devil Dog)
Peerless - Moneybird's Sole Survivor
(Two River's Lucky Willie x Moneybird's Black Magic Marker)
I know it is more fun to speculate and just say stuff that you think is true based on your insight and experience but why not use the internet to search the topic. I quickly found this article http://www.nuwireinvestor.com/articl...act-52223.aspx
Which among other things says:I am sure there are many more views on this by more experts on this topic if you care to look.While major companies may see their bottom lines fluctuate leading up to and immediately after Election Day, the U.S. stock market can quickly become schizophrenic when it comes to picking our country's new commander in chief. And the last several weeks have indeed seen the Dow Jones move wildly, with swings of hundreds of points in either direction—mostly down.
Looking back at the past 25 presidential election years, the Dow Jones Industrial Average has increased some 68 percent of the time, or 17 of those presidential election years, according to Money Morning, an investment news website. With the unexpected events wreaking havoc on our economy, 2008 will most likely not join that group.
What both financial experts and everyday Americans alike can look forward to, however, will be the month of January 2009. January will not only officially kick off four years of either President Obama or President McCain, but it will also be a market barometer for the financial year. When the stock market posts a gain in the month of January, it goes on to end the year with a gain 91 percent of the time, according to Money Morning.
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