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

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.

On Thu, 06 Nov 2008 09:37:43 -0600, Peaceful Bill
wrote:

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.

Lemme guess - yet another innertube model...? Yes, Obama's win is
figuring into the market - it is not the sole cause - but it won't
continue to do until January. And what he might do in 60 days won't
effect the market as it is going today.

Sheesh,
R

On Nov 5, 9:09*pm, 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- Hide quoted text -

- Show quoted text -

Its interesting that the critique by Republican insiders on how the
election was lost by the McCain team is coming out. This morning first
campaign chief Weaver, echoes the choir which is blaming the dark side
stuff, the Ayers stuff, the "Hussein" and "he's a secret Muslim stuff,
the "he's a socialist" stuff, the "he is anti Israel" stuff and the
"he's not a citizen" stuff. They are saying that this low-brow crap
drove moderates and independents into the Obama camp in critical
formerly "red states" like Virginia and Florida and Ohio. People got
tired of the "swift-boat" mentality, and the ugly racist rumor
mongering and it finally caught up with the GOP.

Interesting also is the fact that Republicans who had good performance
records in State offices and did not take the poop chute road, mostly
survived the Democrat sweeps. In Washington State we re-elected a very
competent Republican Attorney General and a Louie Governor (who
handles voting systems here) who ran highroad campaigns. (Yes, I do
still vote for competent Republicans when they have done a good job.)

They are saying that the main mistake was not playing up McCain's
strong suit: his graciousness, his former progressive stance on how to
solve the immigration problem, his "calm hand on the tiller" stuff,
his real differences with the Bushies. ie letting McCain be McCain.

It is ironic that some of the phony crap so favored by McCain's
supporters on ROFF, is now seen as having fatally wounding his
campaign. Good going guys. Keep listening to Butthead (Drug Addict)
Rush Limberg, fill your heads with neo-fascist ideology and maybe you
can drive all the reasonable people out of the Republican Party.

Dave
Ideology Sucks

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.