Posted on 11/04/2008 7:45:21 AM PST by waus
If it was a forgone conclusion that barry "the spreader" was going to win, the DOW would not be moving like this. The market is the true indicator of what is going to happen in the election, not the lame stream media...keep the pressure up all day. The only caveat is that it must be sustained all day. Even coal stocks are jumping.
(Excerpt) Read more at finance.yahoo.com ...
OR: are they trying to get in before last call???
this is very good news. I remember when the dow dropped in 2004 after the exit polls were released. The markets know something is up.
This market move is totally meaningless without VOLUME.
Or do the Redskins? In 15 of the last 16 presidential elections, if the Redskins win their last home game before the election then the party in the White House wins the election. They lost last night to the Steelers, 23 to 6.
imho, the market will move up no matter who wins. Unknown keeps it low, once it is known who wins, investors will move money into investments that can capitalize on the policies of the new administration.
Volume is brisk - 1.4 billion shares traded on the NYSE to the moment.
It seems that Americans realize exactly what Barack Hussein Odinga is:
A Hostile black racist who openly embraces communism while simultaneously associating himself with terrorists and anarchists.
While Hussein is posting his fake smile in front of the cameras, M'Obama knows that Americans are privy to their intentions and she is not happy.
The company I work for announced massive layoffs yesterday; we find out the details tomorrow am. The joke is that if Obama wins, it's double the layoffs, and if McCain wins, it's half the layoffs!
Even ExxonMobil is up over $2 per share.....
me thinks investors know da truf
Even ExxonMobil is up over $2 per share.....
US Steel up (need coal)
Ratheon up (no cuts do defense spending)
me thinks investors know da truf
That streak was broken in ‘04. The Redskins lost but Bush won re-election. But then, you’ve probably read that already - been posted a lot here - and ignored it?
Hate to be a naysayer (I really hope you’re right!), but what the market dislikes the most is uncertainty. This is the day when all uncertainty will be gone. That may be why the marked it up.
FWIW, Peabody Coal (sym “BTU”), the largest domestic producer providing 10% of U.S. electric generation, is up 8.46% for the day at 10:41. Their investors are obviously planning for an Obama loss.
Bump that. I stayed out of that sector because it would be too risky if O wins..
>>Hate to be a naysayer (I really hope you’re right!), but what the market dislikes the most is uncertainty. This is the day when all uncertainty will be gone. That may be why the marked it up.<<
Correct. The market has already discounted an Obama win. Although a McCain win would cause a big gain, the market is likely trend higher in any event, simply because the bad news has already been discounted. The market is giving you a good chance to unload stocks.
The real bellwether is how Amalgamated Alligator Shoes & Bling (AAS&B) is doing today.
; )
It’s still been right 94% of the time. There are pollsters who would kill for an accuracy average like that.
I just talked to a coworker about the coal/steel link. He agreed that that Barack’s “bankrupt the coal industry” comment could hand McCain PA.
I just talked to a coworker about the coal/steel link. He agreed that that Barack’s “bankrupt the coal industry” comment could hand McCain PA.
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