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.
unexpected...
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 I’m 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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.