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DJIA up sharply, anticipating Obama victory
The free market has spoken. :-) If McCain wins watch it drop.
-- Cut "to the chase" for my email address. |
DJIA up sharply, anticipating Obama victory
On Tue, 04 Nov 2008 11:45:45 -0800, rw
wrote: The free market has spoken. :-) If McCain wins watch it drop. If Obama wins, with his tax **** including more taxes on capital gains, watch the Dow drop. Who the hell wants to invest if the gov is going to take more money from you. The raise in today's market has absolutely nothing to do with the election. I mean, even an asshole like you should know that...... well, on second thought, perhaps not. Idiot! Dave |
DJIA up sharply, anticipating Obama victory
Dave LaCourse wrote:
On Tue, 04 Nov 2008 11:45:45 -0800, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. If Obama wins, with his tax **** including more taxes on capital gains, watch the Dow drop. Who the hell wants to invest if the gov is going to take more money from you. The raise in today's market has absolutely nothing to do with the election. I mean, even an asshole like you should know that...... well, on second thought, perhaps not. Idiot! SPROING! -- Cut "to the chase" for my email address. |
DJIA up sharply, anticipating Obama victory
On Nov 4, 1:34*pm, rw wrote:
Dave LaCourse wrote: On Tue, 04 Nov 2008 11:45:45 -0800, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. If Obama wins, with his tax **** including more taxes on capital gains, watch the Dow drop. *Who the hell wants to invest if the gov is going to take more money from you. *The raise in today's market has absolutely nothing to do with the election. *I mean, even an asshole like you should know that...... well, on second thought, perhaps not. Idiot! SPROING! -- Cut "to the chase" for my email address. Actually I think with the Democrats in power, with their superior policies, prosperity is just around the corner. I volunteer at my local Chamber. You know, passing out drinks, office supplies, etc and 9 out of 10 tell me that the Republicans have treated them like ****. Most say they feel a lot better with the Ds at the helm, you know, steering a true course. Dave |
DJIA up sharply, anticipating Obama victory
On Nov 4, 2:53 pm, DaveS wrote:
prosperity is just around the corner. If that's so, then IMO it's a looooong corner... I don't envy the people who win their elections. They will face monumental challenges. From the prez right down to the new school board member who is finding out the district is heavily invested in CDOs. I think we are living right now in "history" unlike any since WWII. We should all pray that those elected will be up to the task and will honorably attack the great challenges ahead. If they don't, if it ends up as petty politics as usual, or worse, then God help us all... Jon. |
DJIA up sharply, anticipating Obama victory
On Tue, 4 Nov 2008 13:53:27 -0800 (PST), DaveS
wrote: Actually I think with the Democrats in power, with their superior policies, prosperity is just around the corner. Riiiiight. what the hell do you think we've had for the last 8 years. Sure seems like prosperity to me. Doin' real well, David. Remember, pay those taxes. Gotta get my Navy pay AND by SS pay from you dumb libbers. d;o) How's it grab your ass David that both Bush and Cheney will be making more money than you *until they die*. Now THAT is funny. I always try to look on the bright side, David. If Obama wins I will have my wife home with me every day. We'll be able to do things together. She'll be able to join me in Chile or Alaska. No more travels to NJ. No more getting up early. And, if Obama wins, I won't have to go on suicide watch in the town just north of me. PLUS, I won't have to worry about Fortenberry in my driveway tomorrow morning with his chicken**** 4 iron. d;o( Dave (who could live with just about anyone as postus) Dave Hoping he doesn't have to go on suicide watch tonight........ sigh.... |
DJIA up sharply, anticipating Obama victory
Dave LaCourse wrote in
: And, if Obama wins, I won't have to go on suicide watch in the town just north of me. PLUS, I won't have to worry about Fortenberry in my driveway tomorrow morning with his chicken**** 4 iron. d;o( I suspect that if this comes to be, in four years you'll be saving more money on pharmaceuticals alone than you'll be losing in any tax increases. -- Scott Reverse name to reply |
DJIA up sharply, anticipating Obama victory
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DJIA up sharply, anticipating Obama victory
rw wrote:
The free market has spoken. :-) If McCain wins watch it drop. It priced in the Obama victory. That's why it fell so far down. |
DJIA up sharply, anticipating Obama victory
rw wrote:
Dave LaCourse wrote: Idiot! SPROING! No, it seems Mr. LaCourse was correct. |
DJIA up sharply, anticipating Obama victory
On 4 Nov 2008 22:42:17 GMT, Scott Seidman
wrote: I suspect that if this comes to be, in four years you'll be saving more money on pharmaceuticals alone than you'll be losing in any tax increases. My pharmaceuticals cost me very little, Scott. My taxes are horrific. This, afterall, *is* the Commonwealth of Massachusetts where you pay an income tax, a sales tax, a property tax, an excise tax (on your automobiles every year - it's supposed to pay for roads/bridges - riiiiiiight. And, since I am more than 70 1/2, I have to remove a certain percentage of my 401K each year even tho I do not want to or need to. The taxes on that are horrific and I expect will get worse. So much for saving for my old age. Obama's intended increase in capital gains will hit *everyone* very hard. Dave |
DJIA up sharply, anticipating Obama victory
Dave LaCourse wrote in
: Obama's intended increase in capital gains will hit *everyone* very hard. http://www.barackobama.com/pdf/taxes...Plan_FINAL.pdf " Capital Gains: Families with incomes below $250,000 will continue to pay the capital gains rates that they pay today. For those in the top two income tax brackets – likewise adjusted to affect only families over $250,000 – Obama will create a new top capital gains rate of 20 percent. Obama’s 20% rate is equal is the lowest rate that existed in the 1990s and the rate that President Bush proposed in 2001. It is almost a third lower than the rate that President Reagan signed into law in 1986.vii" -- Scott Reverse name to reply |
DJIA up sharply, anticipating Obama victory
On 4 Nov 2008 23:04:29 GMT, Scott Seidman wrote:
Dave LaCourse wrote in : Obama's intended increase in capital gains will hit *everyone* very hard. http://www.barackobama.com/pdf/taxes...Plan_FINAL.pdf " Capital Gains: Families with incomes below $250,000 will continue to pay the capital gains rates that they pay today. For those in the top two income tax brackets likewise adjusted to affect only families over $250,000 Obama will create a new top capital gains rate of 20 percent. Obama’s 20% rate is equal is the lowest rate that existed in the 1990s and the rate that President Bush proposed in 2001. It is almost a third lower than the rate that President Reagan signed into law in 1986.vii" And as for his constant whining about Massachusetts taxes: o Massachusetts' state/local tax burden percentage ranks 23rd nationally, just below the national average of 9.7%. Massachusetts taxpayers pay $5,377 per capita in state and local taxes. Massachusetts has dropped 17 places in the rankings since 1977 by imposing a property tax limitation and keeping a lid on its personal income tax rate, living down its "Taxachusetts" nickname. o Massachusetts' personal income tax system consists of a flat rate of 5.3% on most personal income, which ranks 32nd highest nationally. o Massachusetts ranks 34th in the Tax Foundation's State Business Tax Climate Index. o Massachusetts levies a 5% general sales or use tax on consumers, slightly below the national median of 5.4 percent. State and local governments combined collect approximately $923 per capita in sales taxes, ranking 45th highest nationally. o Massachusetts' gasoline tax stands at 23.5 cents per gallon, which ranks 26th highest nationally. o Massachusetts' cigarette tax stands at $1.51 per pack of twenty, ranking 15th highest in the nation. /daytripper (that ought to make his head explode ;-) |
DJIA up sharply, anticipating Obama victory
On Tue, 04 Nov 2008 17:37:28 -0500, Dave LaCourse
wrote: On Tue, 4 Nov 2008 13:53:27 -0800 (PST), DaveS wrote: Actually I think with the Democrats in power, with their superior policies, prosperity is just around the corner. Riiiiight. what the hell do you think we've had for the last 8 years. Sure seems like prosperity to me. Doin' real well, David. Remember, pay those taxes. Gotta get my Navy pay AND by SS pay from you dumb libbers. d;o) How's it grab your ass David that both Bush and Cheney will be making more money than you *until they die*. Now THAT is funny. I always try to look on the bright side, David. If Obama wins I will have my wife home with me every day. We'll be able to do things together. She'll be able to join me in Chile or Alaska. No more travels to NJ. No more getting up early. And, if Obama wins, I won't have to go on suicide watch in the town just north of me. PLUS, I won't have to worry about Fortenberry in my driveway tomorrow morning with his chicken**** 4 iron. d;o( Dave (who could live with just about anyone as postus) Dave Hoping he doesn't have to go on suicide watch tonight........ sigh.... "I love this country dearly. I hope and pray for her prosperity and safety. I hope and pray that the discord, the disharmony of the last eight years will end. I have never experienced as much hate from my fellow citizens except when in uniform during the 60s." What goes around comes around, yes? /daytripper |
DJIA up sharply, anticipating Obama victory
On Nov 4, 4:21 pm, wrote:
We should all pray that those elected will be up to the task and will honorably attack the great challenges ahead. If they don't, if it ends up as petty politics as usual, or worse, then God help us all... If our own resident right wing hack is any indication, I expect more of the same pettiness. Hell, Dave L. still hasn't gotten over the fact that Bill Klinton won ... *twice*. And then there was his recent inspirational missive: If Obama wins, the nastiness will *really* begin. Chuck Vance |
DJIA up sharply, anticipating Obama victory
wrote in message ... On Nov 4, 2:53 pm, DaveS wrote: prosperity is just around the corner. If that's so, then IMO it's a looooong corner... I don't envy the people who win their elections. They will face monumental challenges. From the prez right down to the new school board member who is finding out the district is heavily invested in CDOs. I think we are living right now in "history" unlike any since WWII. We should all pray that those elected will be up to the task and will honorably attack the great challenges ahead. If they don't, if it ends up as petty politics as usual, or worse, then God help us all... Jon. And if a modern-day God can't help us, maybe we could resort to some of the golden oldies--Zeus and Jupier, Hermes and Mercury, Ares and Mars, or Aros and Cupid? Op |
DJIA up sharply, anticipating Obama victory
On Tue, 04 Nov 2008 18:57:02 -0500, jeff miller
wrote: Dave LaCourse wrote: On Tue, 4 Nov 2008 14:21:42 -0800 (PST), wrote: On Nov 4, 2:53 pm, DaveS wrote: prosperity is just around the corner. If that's so, then IMO it's a looooong corner... I don't envy the people who win their elections. They will face monumental challenges. From the prez right down to the new school board member who is finding out the district is heavily invested in CDOs. I think we are living right now in "history" unlike any since WWII. We should all pray that those elected will be up to the task and will honorably attack the great challenges ahead. If they don't, if it ends up as petty politics as usual, or worse, then God help us all... Jon. Wish I had said that. Thanks, Jon. I love this country dearly. I hope and pray for her prosperity and safety. I hope and pray that the discord, the disharmony of the last eight years will end. I have never experienced as much hate from my fellow citizens except when in uniform during the 60s. Dave strident disagreement and principled argument does not equal hate dave... unfortunately, our culture has become one mired in blame and namecalling - especially our political culture. nc's own jesse helms and his brigade of ****stirrers are largely to blame, but so are each of us who has allowed our human weakness, shallowness, and selfishness to win out over our ability to think and care about our fellow citizens. this is a monumentally historic moment and election...i'm not sure many have really appreciated the uniqueness of this election, despite the record turnout. jeff Congrats, Jeff. Let us now hope that no gun toting nut kills Obama. The thought of Biden as potus is a scarey one. Again, Congrats. I can live with the results. My big loss, however, is that a dear friend, Sonny Parente lost his bid to the Massachusetts House. He would have made a great rep. Take care. Dave |
DJIA up sharply, anticipating Obama victory
On Nov 4, 11:45*am, rw wrote:
The free market has spoken. :-) If McCain wins watch it drop. Ummm, don't look now but the DJIA is down today. I know it's not correlated, but if McCain had somehow won you'd be pointing at the DJIA today screaming the sky was falling. - Ken |
DJIA up sharply, anticipating Obama victory
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DJIA up sharply, anticipating Obama victory
Peaceful Bill wrote:
wrote: On Nov 4, 11:45 am, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. Ummm, don't look now but the DJIA is down today. I know it's not correlated, but if McCain had somehow won you'd be pointing at the DJIA today screaming the sky was falling. - Ken The market was up yesterday because of some favorable economic reports. Down today as a result of the election. No, you have it all wrong. The market is down today because the Democrats failed to get a filibuster-proof majority in the Senate. :-) -- Cut "to the chase" for my email address. |
OT: Political "DJIA up sharply, anticipating Obama victory"
On Nov 4, 2:21*pm, wrote:
On Nov 4, 2:53 pm, DaveS wrote: prosperity is just around the corner. If that's so, then IMO it's a looooong corner... I don't envy the people who win their elections. They will face monumental challenges. From the prez right down to the new school board member who is finding out the district is heavily invested in CDOs. I think we are living right now in "history" unlike any since WWII. We should all pray that those elected will be up to the task and will honorably attack the great challenges ahead. If they don't, if it ends up as petty politics as usual, or worse, then God help us all... Jon. Jon My post was tongue-in-cheek, harassing the pirate, et al. Dave |
DJIA up sharply, anticipating Obama victory
On Nov 4, 2:37*pm, Dave LaCourse wrote:
Dave Seems you got my joke. :-)) Dave |
OT: DJIA up sharply, anticipating Obama victory
On Nov 5, 11:26*am, rw wrote:
I think the market is down because the market has everything to do with sitting on one's ass, and little to do with the real economy where people work, eat, sleep, buy, sell, cook, ****, create, drive, worry, **** and hope for a cold beer on Fridays. Dave |
DJIA up sharply, anticipating Obama victory
On Nov 4, 6:57*pm, jeff miller wrote:
strident disagreement and principled argument does not equal hate dave... unfortunately, our culture has become one mired in blame and namecalling - especially our political culture. *nc's own jesse helms and his brigade of ****stirrers are largely to blame, but so are each of us who has allowed our human weakness, shallowness, and selfishness to win out over our ability to think and care about our fellow citizens. this is a monumentally historic moment and election...i'm not sure many have really appreciated the uniqueness of this election, despite the record turnout. There's a lot of blame to go around; but I'd lay a lot of it on the traditional media in general and the right wing talk show hosts in particular. I've even seen it spill into at least one political blog. It is unfortunate that controversy sells advertising. Whether it's circulation, Neilson ratings, or site hits, hate sells. There's no profit in being calm, reasonable, and intelligent. To be sure, many of these attitudes were pre-existing conditions; but it is imho a disturbingly dark spot on the media and those who profit from it that so much effort was spent in tearing down candidates and their supporters and so little on an unbiased examination of the issues. While I understand that my personal bias makes me see the Obama victory from a particular pov, I nonetheless agree that it is a monumentally different election both for it's cultural aspect as well as its rejection of the negative politics of Lee A****er and Karl Rove. Despite despicably vile accusations of being unpatriotic, anti- American, terrorist sympathizer, Muslim extremist, and a dozen other smears, Sen. Obama held firm to a message of hope and progress and encouraging all Americans to see the best in each other, not the worst. That such a message could succeed when delivered by a black man in America transcends the mere fact that he is the first African- American POTUS candidate. I surely know that many here and in real life disagree with me; but last night was a great moment for this country. It could, if the lessons are learned, show us a new way forward in the way we interact with each other politically, socially, and personally. I'm damned proud of my country this morning. |
DJIA up sharply, anticipating Obama victory
On Tue, 04 Nov 2008 11:45:45 -0800, rw
wrote: The free market has spoken. :-) If McCain wins watch it drop. LOL. Hey, Girlyman. The dow is down aound 500 tday. So much for your theories. Too funny. And, ya can't marry your boyfriend anymore in California. What a bummer. Move to Mass. We're still liberal. d;o) |
DJIA up sharply, anticipating Obama victory
rw wrote:
Peaceful Bill wrote: wrote: On Nov 4, 11:45 am, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. Ummm, don't look now but the DJIA is down today. I know it's not correlated, but if McCain had somehow won you'd be pointing at the DJIA today screaming the sky was falling. - Ken The market was up yesterday because of some favorable economic reports. Down today as a result of the election. No, you have it all wrong. The market is down today because the Democrats failed to get a filibuster-proof majority in the Senate. :-) That's the only reason the market is NOT down 20%. The markets know that the Republicans are standing in the way of Obama and his three vice-presidents. They won't not be able to totally wreck the economy. |
DJIA up sharply, anticipating Obama victory
On Wed, 5 Nov 2008 08:57:15 -0800 (PST), "
wrote: On Nov 4, 11:45*am, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. Ummm, don't look now but the DJIA is down today. I know it's not correlated, but if McCain had somehow won you'd be pointing at the DJIA today screaming the sky was falling. - Ken "Buy on the rumor, sell on the news" might explain what we've seen in the last two trading sessions...Or not...These days, who the heck knows? /daytripper |
DJIA up sharply, anticipating Obama victory
On Wed, 05 Nov 2008 15:59:58 -0500, Dave LaCourse
wrote: On Tue, 04 Nov 2008 11:45:45 -0800, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. LOL. Hey, Girlyman. The dow is down aound 500 tday. So much for your theories. Too funny. And, ya can't marry your boyfriend anymore in California. What a bummer. Move to Mass. We're still liberal. d;o) ahahahahaha! What do you mean, "we"? /daytripper (or - did you "turn" last night? ;-) |
DJIA up sharply, anticipating Obama victory
On Wed, 5 Nov 2008 12:03:57 -0800 (PST), rb608
wrote: On Nov 4, 6:57*pm, jeff miller wrote: strident disagreement and principled argument does not equal hate dave... unfortunately, our culture has become one mired in blame and namecalling - especially our political culture. *nc's own jesse helms and his brigade of ****stirrers are largely to blame, but so are each of us who has allowed our human weakness, shallowness, and selfishness to win out over our ability to think and care about our fellow citizens. this is a monumentally historic moment and election...i'm not sure many have really appreciated the uniqueness of this election, despite the record turnout. There's a lot of blame to go around; but I'd lay a lot of it on the traditional media in general and the right wing talk show hosts in particular. I've even seen it spill into at least one political blog. It is unfortunate that controversy sells advertising. Whether it's circulation, Neilson ratings, or site hits, hate sells. There's no profit in being calm, reasonable, and intelligent. To be sure, many of these attitudes were pre-existing conditions; but it is imho a disturbingly dark spot on the media and those who profit from it that so much effort was spent in tearing down candidates and their supporters and so little on an unbiased examination of the issues. While I understand that my personal bias makes me see the Obama victory from a particular pov, I nonetheless agree that it is a monumentally different election both for it's cultural aspect as well as its rejection of the negative politics of Lee A****er and Karl Rove. Despite despicably vile accusations of being unpatriotic, anti- American, terrorist sympathizer, Muslim extremist, and a dozen other smears, Sen. Obama held firm to a message of hope and progress and encouraging all Americans to see the best in each other, not the worst. That such a message could succeed when delivered by a black man in America transcends the mere fact that he is the first African- American POTUS candidate. I surely know that many here and in real life disagree with me; but last night was a great moment for this country. It could, if the lessons are learned, show us a new way forward in the way we interact with each other politically, socially, and personally. I'm damned proud of my country this morning. Man, the echoes in here are startling! /daytripper (or maybe they're just in my head ;-) |
DJIA up sharply, anticipating Obama victory
On Wed, 05 Nov 2008 13:01:07 -0600, Peaceful Bill
wrote: wrote: On Nov 4, 11:45 am, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. Ummm, don't look now but the DJIA is down today. I know it's not correlated, but if McCain had somehow won you'd be pointing at the DJIA today screaming the sky was falling. - Ken The market was up yesterday because of some favorable economic reports. Down today as a result of the election. Do you ever even bother to take a look around you before you opine, or is your inner parrot set to "mindlessly automatic mode"? Seriously, you seem to be all about ascending to the throne of the Intellectually Bankrupt King here. That Obama would win the election was well understood by the investment community (and pretty much everyone but you, apparently), and thus the market was up yesterday because (1) there was virtually zero economic news and (2) the classic "buy the rumor" was in effect. Today, the "sell the news" phase was in effect - but more importantly, there were two very significant economic data points released that showed the economy is continuing its inexorable down-slope: "Jobs: The labor market continued to get hammered in October, as demonstrated by two reports released Wednesday." "Job cuts announced by U.S. employers rose to 112,884 in October from 95,094 in September according to outplacement firm Challenger, Gray & Christmas. That marked the highest number of layoffs in almost four years." "Another report, from payroll services firm ADP, showed that the private sector lost 157,000 jobs last month, up from a revised drop of 26,000 last month." "The reports were especially worrisome ahead of Friday's big government report. That report is expected to show that employers cut 200,000 jobs from their payrolls in October. Meanwhile, the unemployment rate, which is generated by a separate survey, is expected to rise to 6.3% from 6.1% the previous month." /daytripper |
DJIA up sharply, anticipating Obama victory
On Wed, 05 Nov 2008 18:30:19 -0500, daytripper
wrote: On Wed, 05 Nov 2008 15:59:58 -0500, Dave LaCourse wrote: On Tue, 04 Nov 2008 11:45:45 -0800, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. LOL. Hey, Girlyman. The dow is down aound 500 tday. So much for your theories. Too funny. And, ya can't marry your boyfriend anymore in California. What a bummer. Move to Mass. We're still liberal. d;o) ahahahahaha! What do you mean, "we"? /daytripper (or - did you "turn" last night? ;-) I'm part of Mass. that makes it a "we". Dave |
DJIA up sharply, anticipating Obama victory
On Wed, 05 Nov 2008 18:32:45 -0500, Dave LaCourse
wrote: On Wed, 05 Nov 2008 18:30:19 -0500, daytripper wrote: On Wed, 05 Nov 2008 15:59:58 -0500, Dave LaCourse wrote: On Tue, 04 Nov 2008 11:45:45 -0800, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. LOL. Hey, Girlyman. The dow is down aound 500 tday. So much for your theories. Too funny. And, ya can't marry your boyfriend anymore in California. What a bummer. Move to Mass. We're still liberal. d;o) ahahahahaha! What do you mean, "we"? /daytripper (or - did you "turn" last night? ;-) I'm part of Mass. that makes it a "we". Dave Excellent! And welcome to the party! Your dress-blues are on the way! /daytripper (we're all about inclusion here :-) |
DJIA up sharply, anticipating Obama victory
On Wed, 05 Nov 2008 18:34:33 -0500, daytripper
wrote: Excellent! And welcome to the party! Your dress-blues are on the way! Uh, I already have Dress Blues, Tatosian. They're Navy Dress Blues. You never did serve, did you? Better Red than Blue. Anyday. |
DJIA up sharply, anticipating Obama victory
Dave LaCourse wrote:
On Tue, 04 Nov 2008 18:57:02 -0500, jeff miller wrote: Dave LaCourse wrote: On Tue, 4 Nov 2008 14:21:42 -0800 (PST), wrote: On Nov 4, 2:53 pm, DaveS wrote: prosperity is just around the corner. If that's so, then IMO it's a looooong corner... I don't envy the people who win their elections. They will face monumental challenges. From the prez right down to the new school board member who is finding out the district is heavily invested in CDOs. I think we are living right now in "history" unlike any since WWII. We should all pray that those elected will be up to the task and will honorably attack the great challenges ahead. If they don't, if it ends up as petty politics as usual, or worse, then God help us all... Jon. Wish I had said that. Thanks, Jon. I love this country dearly. I hope and pray for her prosperity and safety. I hope and pray that the discord, the disharmony of the last eight years will end. I have never experienced as much hate from my fellow citizens except when in uniform during the 60s. Dave strident disagreement and principled argument does not equal hate dave... unfortunately, our culture has become one mired in blame and namecalling - especially our political culture. nc's own jesse helms and his brigade of ****stirrers are largely to blame, but so are each of us who has allowed our human weakness, shallowness, and selfishness to win out over our ability to think and care about our fellow citizens. this is a monumentally historic moment and election...i'm not sure many have really appreciated the uniqueness of this election, despite the record turnout. jeff Congrats, Jeff. Let us now hope that no gun toting nut kills Obama. The thought of Biden as potus is a scarey one. Again, Congrats. I can live with the results. My big loss, however, is that a dear friend, Sonny Parente lost his bid to the Massachusetts House. He would have made a great rep. Take care. Dave thanks...but i did nothing to garner congrats. i think we all won on this one. it's going to be interesting. jeff |
DJIA up sharply, anticipating Obama victory
On Wed, 05 Nov 2008 18:42:34 -0500, Dave LaCourse
wrote: On Wed, 05 Nov 2008 18:34:33 -0500, daytripper wrote: Excellent! And welcome to the party! Your dress-blues are on the way! Uh, I already have Dress Blues, Tatosian. They're Navy Dress Blues. You never did serve, did you? Better Red than Blue. Anyday. Awww.....Geeze, you're still no fun at all, Davey. /daytripper (you should get over that) |
DJIA up sharply, anticipating Obama victory
daytripper wrote:
On Wed, 05 Nov 2008 13:01:07 -0600, Peaceful Bill wrote: wrote: On Nov 4, 11:45 am, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. Ummm, don't look now but the DJIA is down today. I know it's not correlated, but if McCain had somehow won you'd be pointing at the DJIA today screaming the sky was falling. - Ken The market was up yesterday because of some favorable economic reports. Down today as a result of the election. That Obama would win the election was well understood by the investment community (and pretty much everyone but you, apparently), and thus the market was up yesterday because (1) there was virtually zero economic news and (2) the classic "buy the rumor" was in effect. As I said yesterday (You must be having a retention problem), the market had priced in (down) an Obama victory. The market was up due to several good earnings reports. You better check your facts before you puke from your fingers again. Today, the "sell the news" phase was in effect - but more importantly, there were two very significant economic data points released that showed the economy is continuing its inexorable down-slope: "Jobs: The labor market continued to get hammered in October, as demonstrated by two reports released Wednesday." "Job cuts announced by U.S. employers rose to 112,884 in October from 95,094 in September according to outplacement firm Challenger, Gray & Christmas. That marked the highest number of layoffs in almost four years." "Another report, from payroll services firm ADP, showed that the private sector lost 157,000 jobs last month, up from a revised drop of 26,000 last month." "The reports were especially worrisome ahead of Friday's big government report. That report is expected to show that employers cut 200,000 jobs from their payrolls in October. Meanwhile, the unemployment rate, which is generated by a separate survey, is expected to rise to 6.3% from 6.1% the previous month." /daytripper And the market readjusted down because Obama actually won. There was a chance he wouldn't, the market fell when his victory was assured. Daytripper? Must be using too much LSD for your daytripping. |
DJIA up sharply, anticipating Obama victory
On Wed, 05 Nov 2008 21:26:39 -0600, Peaceful Bill
wrote: daytripper wrote: On Wed, 05 Nov 2008 13:01:07 -0600, Peaceful Bill wrote: wrote: On Nov 4, 11:45 am, rw wrote: The free market has spoken. :-) If McCain wins watch it drop. Ummm, don't look now but the DJIA is down today. I know it's not correlated, but if McCain had somehow won you'd be pointing at the DJIA today screaming the sky was falling. - Ken The market was up yesterday because of some favorable economic reports. Down today as a result of the election. That Obama would win the election was well understood by the investment community (and pretty much everyone but you, apparently), and thus the market was up yesterday because (1) there was virtually zero economic news and (2) the classic "buy the rumor" was in effect. As I said yesterday (You must be having a retention problem), the market had priced in (down) an Obama victory. The market was up due to several good earnings reports. You better check your facts before you puke from your fingers again. Today, the "sell the news" phase was in effect - but more importantly, there were two very significant economic data points released that showed the economy is continuing its inexorable down-slope: "Jobs: The labor market continued to get hammered in October, as demonstrated by two reports released Wednesday." "Job cuts announced by U.S. employers rose to 112,884 in October from 95,094 in September according to outplacement firm Challenger, Gray & Christmas. That marked the highest number of layoffs in almost four years." "Another report, from payroll services firm ADP, showed that the private sector lost 157,000 jobs last month, up from a revised drop of 26,000 last month." "The reports were especially worrisome ahead of Friday's big government report. That report is expected to show that employers cut 200,000 jobs from their payrolls in October. Meanwhile, the unemployment rate, which is generated by a separate survey, is expected to rise to 6.3% from 6.1% the previous month." /daytripper And the market readjusted down because Obama actually won. There was a chance he wouldn't, the market fell when his victory was assured. Daytripper? Must be using too much LSD for your daytripping Whatever. What's truly amazing is your endless ability to ignore facts placed right in front of your face and keep on spewing your delusions in public... /daytripper |
DJIA up sharply, anticipating Obama victory
Peaceful Bill wrote:
As I said yesterday (You must be having a retention problem), the market had priced in (down) an Obama victory. The market was up due to several good earnings reports. You better check your facts before you puke from your fingers again. Can you pull the stick out of your ass long enough to recognize my post (which started this thread) as a joke? -- Cut "to the chase" for my email address. |
DJIA up sharply, anticipating Obama victory
daytripper wrote:
Whatever. What's truly amazing is your endless ability to ignore facts placed right in front of your face and keep on spewing your delusions in public... /daytripper What's truly amazing is how you twist and spin the facts into fiction. Pay close attention to reality and get some help in drug rehab. |
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