Wednesday Morning Election Results, What will the Stock Market do?

vanity | 1/18/2010 | AGreatPer

[TomasUSMC]

Repubs win Stocks Down for 2 days then who knows.

[AGreatPer]

I want to thank the Admin Moderator for fixing this post.

The question I mean to ask everyone is:

If the Republicans pull off the biggest upset in American History politics, how will the Stock Market react?

I screwed up the original question. Thank you for fixing.

[America_Right]

Good question! I think up.

I have a follow up, though. Does anyone know if mortgage intrest rates can go up in response to a stock market rally? I just signed a contract on my new house today, and I haven't locked in this super-low rate (should be about 5.04% on a 30 year fixed), yet. The lender was off today.

[fieldmarshaldj]

Sideways.

[TomasUSMC]

A Republican win today is a big defeat for all things obambi. Those who are planning on making money on his ideas might get shaken. Money leaves. Tomorrow and the next day will be an indicator of the rest of the year.

imho

[AGreatPer]

"Tomorrow and the next day will be an indicator of the rest of the year."

I predict a surge - UP in the market Wednesday because of the big Republican win.

[TexasNative2000]

Market is down due to housing starts info.

Waiting to see how long it takes for them to blame this on the election...

[AGreatPer]

I am in shock. Understand the low housing starts on the market.
But I though the Health stocks would get a big push or take a bit hit.
Boy was I wrong on that.
It still may be a delayed reaction but I just don't know in what direction.

[TexasNative2000]

A lesson I learned in my younger years is that you buy when people are talking about buying. There is a big difference in talking about buying and actually making the purchase.

By the time people who were busy talking get around to buying, the shares they are buying (at the premium price) are mine.

[AGreatPer]

"I day trade futures."

Is this enough volatavity for you? Hope your going short.

It is quite surprising that it took 24 hours for the market to react. They reacted to a negative reaction from the POTUS against the banks.

I lost 4-5% this week. How did you do?

Health stocks still don't know which way to go.

[foolishboi]

“Is this enough volatility for you?”

Sorry for the delayed response AGreatPer but yes, the volatility this week was awesome. I only trade for the first 60 min. @ the open. It doesn’t matter which way it runs or what the news of the moment is, I just need it to move. I do pretty good, consistantly averaging 4-5 points a day trading the e-mini Russell. Good news or bad, it really doesn’t make a difference,as long as it’s news that moves the market.

[AGreatPer]

"I only trade for the first 60 min. @ the open." Got ya. Now I know what you do.
Better you than me. Man, that would not help my health.

I have always admired people that know how to do that.
I also know you can make a decent living doing it.

I did call the dive on the market. No matter what the reason was.

BTW, after tomorrow, I see a quiet market for a spell.

[AGreatPer]

"I only trade for the first 60 min. @ the open." Got ya. Now I know what you do.
Better you than me. Man, that would not help my health.

I have always admired people that know how to do that.
I also know you can make a decent living doing it.

I did call the dive on the market. No matter what the reason was.

BTW, after tomorrow, I see a quiet market for a spell.

[AGreatPer]

Sorry for the double post.

[foolishboi]

Yeah, I know how it must seem, but it’s not as intense as you might think. Practicing with a simulated account and a coach made all the difference in the world until I got the hang of it. Being a technical trader I have to agree I see a large retracement coming for the longer term. We were at the 100% extension on the DOW for quite some time before she finally decided to break the bottom. My advice to all my family in retirement funds was to go cash and stay there until further notice. I think this time around they might listen, lol.