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The Market votes

Discussion in 'BBS Hangout: Debate & Discussion' started by basso, Nov 5, 2008.

  1. basso

    basso Member
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    biggest post-election drop in history.

    [rquoter]U.S. Stocks Post Biggest Post-Election Drop on Economic Concern

    Nov. 5 (Bloomberg) -- The stock market posted its biggest plunge following a presidential election as reports on jobs and service industries stoked concern the economy will worsen even as President-elect Barack Obama tries to stimulate growth. [/rquoter]
     
  2. rocket3forlife2

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    Leave the "fox news" channel alone or put down the pipe.
     
  3. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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  4. Major

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    I was hoping you'd stop spewing ignorance after the last election, but I guess not. Do you plan to keep doing this for the next 4 years?
     
  5. DonnyMost

    DonnyMost Member
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    and so the blame obama race is on
     
  6. basso

    basso Member
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    truth hurts?
     
  7. ghettocheeze

    ghettocheeze Member

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    Basso deserves an all out ban from D&D to get his out of his...

    Or at least start an education fund for Basso so he can learn the basics of economics and politics.

    -This Message is approved by Republicans and Democrats-
     
  8. basso

    basso Member
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    how long did you give W?
     
  9. fmullegun

    fmullegun Contributing Member

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    what is the largest post election drop then?
     
  10. DonnyMost

    DonnyMost Member
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    I didn't blame him for the frickin' stock market performance the very next day
     
  11. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    I meant the reason for the drop. the headline could be markets take profits after pre-election run up (edit) and on continued weak economic data.
     
  12. Air Langhi

    Air Langhi Contributing Member

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    Its more like the general volatility over the last month.
     
  13. Major

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    It does seem to - for you. If you don't understand the stock market, don't post about it. It seems like faily basic common sense. Regurgitating Drudge is basically the definition of spewing ignorance.
     
  14. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    and that as well.
     
  15. juicystream

    juicystream Member

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    It barely dropped that day.

    Link

    The drop likely is related to Obama winning. People are afraid of his capital gains tax increase, although I think it would be a larger drop if people hadn't been losing money in long-term holdings. This won't be a long-term thing, but it isn't surprising in the short-term.
     
  16. Astockmarketgod

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    O please the markets been running for the last 3 trading days prior to todays drop... and there was basically no retracement on the close to 1000 point run up last week..

    even election day there 300 point run up...

    there is just way too much bad news coming out... for the markets to be up... for this long...


    most people were looking for entry points to short... not go long...
     
  17. juicystream

    juicystream Member

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    Definitely a large cause.
     
  18. Air Langhi

    Air Langhi Contributing Member

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    You do know for day traders gains are taxed as normal income.
     
  19. Major Malcontent

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    If the market people didn't know that Obama was gonna win until last night...they should only be investing monopoly money.
     
  20. KingCheetah

    KingCheetah Member

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