Skip to comments.Wall Street jumps as energy gains hint at Romney victory
Posted on 11/06/2012 12:19:26 PM PST by Red Badger
Stocks climbed on Tuesday as some investors bet that Republican Mitt Romney could pull off a surprise victory in the presidential vote, citing gains in defense and energy shares.
Gains were fairly broad-based, but among S&P 500 sectors, energy led the market along with materials and industrial shares, all sectors that rise with the economy.
Defense shares like United Technologies shot higher, raising some market speculation that Romney,, who has called for increased military spending, could be moving ahead of Democratic President Barack Obama in the vote.
(Excerpt) Read more at reuters.com ...
I’m sure it is a surprise to Reuters.
The media would be “Shocked” by a Romney win but I wouldn’t be shocked..today is the day that the American people decide if they want America to be a Communist country or a Capitalist one..and I think that by the energy Im seeing from Republicans that we are going to decide that we love Capitalism!!
Funny, I switched 25% of my 401K last night to Energy. I guess I’m the trend setter and never realized it.
This is an interesting development.
Have Wall Street insiders been tipped off to something the general public doesn’t know yet? I am praying that is the case at least.
Not sure what they could know that we don’t. But maybe?
IT’S AN UNEXPECTED SUPRISE TO THEM.
Yep! I guess the media forgot something called the REDSKIN rule..in fact, on ESPN reported on it..no one else in the media said a word about it surprise surprise
Limbaugh mentioned it, and that nobody else in the press remarked on it - and they would have remarked on it if the game had gone the other way.
Smart money is usually right.
Market closes in about 40 minutes, I’ll be amazed if those gains aren’t erased as “uncertainty” creeps into the equation and short-termers lock in gains.
But if we can overcome Massive Democrat Vote Fraud tonight, buy early tomorrow!
Not that the election is going to end tonight; if Bonzo loses, whether by 1% or 10%, Rat bastard lawyers are going to tie this up in courts for months.
Lucky friend of mine invested a couple of weeks ago.
[Funny, I switched 25% of my 401K last night to Energy. I guess Im the trend setter and never realized it.]
Over the long term you won’t lose either way.
pull off a surprise victory????? I dont see the surprise
Oily to bed, Oily to RISE.
Hope this market strength really is due to good signs for Romney, and that those signs turn out to be accurate.
There’s also an unfavorable indicator, however: gold is up sharply. One would think that an Obama re-election with an ever-increasing deficit and continued “qualitative easing” (i.e., money printing) would tend to drive gold higher.
I guess this means if Obma wins tonight, the stock market will tank tomorrow.
False dilemma spotted.
Anyway, Republicans have done a bangup job fixing this:
Surprise, surprise, surprise! Rooters is always the last to know.
If Romney wins, the markets are going to go wild. Investors are going to feel unleashed. Capitalist are going to capitalize our economy, and we’re all going to get richer. Energy, if allowed, could make us a very wealthy nation again. We could redistribute the wealth from nonexistent to produced. Vote Romney.
T is down and going down. NLY is down and going down. Does that mean Obama will win and raise taxes on dividends? Maybe we will know more tomorrow.
If Obama wins, I will predict the whole market will be down by Jan due to tax selling for the 2013 tax increases. The market going up today is a good sign if they are willing to look danger in the eye and buy now.
If heaven forbid Obama wins a second term, I bet the market will lose at least 600 points on Wednesday
How much of that productivity is due to greater use of machines, instead of humans, to do certain jobs, like in the auto industry, and some heavy manufacturing?
Taxes will be going up Jan 2013 even if Romney wins AND if GOP lose senate, then, TAXES will be staying up. Fiscal cliff here we come...
How much of that equipment can run without human input of some kind. The same human input whose wages have been severely lagging for the past 30 years?
eta: Hi SuziQ how ya been!?
That’s one reason I figured we’d see a big sell-off late *today*, nobody wants to be in a long market position when a disaster of epic proportions is about to hit.
But we didn’t have a sell-off even though the trend was noticeably down after 3 PM.
Maybe traders do know something good.
Why are you worried about the fiscal cliff? Don't you want government spending drastically reduced?
“Not sure what they could know that we dont. But maybe?”
Look at that chart. Right when the people below came out of the quarantine room, the market popped.
At 11 a.m. today, representatives from the consortium of news organizations that sponsor the National Election Pool will enter a quarantine room, where theyll look at data gathered via exit polls, Michael Calderone reports.
Six hours later, staffers will be permitted to start sending data to their respective news organizations, while additional exit polls, especially on the West Coast, keep coming in.
The news orgs represented ABC, CBS, NBC, CNN, Fox and the AP can report general trends but cannot report the results of exit polls until the polls close. Anne Cronin at Politico has made a handy map showing the times at which the individual states polls close.
Reuters reporter Lisa Richwine says the quarantine room lacks phone or Internet access. At 5 p.m., the quarantine will lift, and the representatives will be able to share their data with their respective organizations.
Reuters is so cuuuuute.