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

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.

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.

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

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.

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

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.

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

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.

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

Here's another fact, Drugtripper: Market down AGAIN. Economic news
plus the feeling that the POTUS-elect is clueless has the market
plunging. And it will be a plunger that will be needed during the next
administration to fix the Obama "nightmare on tax street" soon to come.