-350 by noon. Buying to -250 by 4pm
Not as much of an impact as we would expect, down about 75 points.
Yep. Down 200+ in the first 5 minutes.
We all knew this would happen.
(Can’t wait for the unemployment numbers)
I’m thinking about moving my 401k back to cash. I was willing to risk a bit with Romney in, God bless his and Ryan’s soul, but now is the time to just hunker down I guess.
“Obama’s re-election is being met with optimism that U.S. policymakers will continue with a stimulus that has helped keep the U.S. economy growing. Federal Reserve Chairman Ben Bernanke has overseen the Fed’s purchase of $2.3 trillion of Treasuries and mortgage-related bonds, and is instituting a plan to buy $40 billion of home-loan securities a month. “
http://wallstcheatsheet.com/stocks/heres-how-stocks-and-treasuries-are-reacting-to-obama-win.html/
LOL! One bright spot of this situation is the amusement we can gain for the next 4 years from watching the MEdia try to spin their guy out of the black hole we are heading into.
Wall Street votes today. And in December the Christmas tree ornament of choice will be pink slips.
I sold my Morgan Stanley stock at 9:30 and CNBC just announced that MS is down 4%.
Smith and Wesson (SWHC) is up over 7% this morning.
People I know everywhere are cancelling their already tentative hiring plans. I live in a red area where there are lots of small businesses.
Wall Street sadly seems to like Obamanomics with its endless QE and one-stop shopping for crony capitalist corruption. I actually look for a mild rally (at least until the day a Tobin Tax is proposed)
I was traveling yesterday and didn't take the time to stop and get to cash. I thought Romney had pulled it off.
CNN/money says it’s not because of the election, it’s beccause of the ‘fiscal cliff’...
There’s nothing Obama’s cheerleaders won’t do today.
The Dow will not falter today. Don’t forget Obama has billions sitting there from his bailouts to infuse into the market if needed.