Hmmmm.obviously share market not concerned that GOP is going to lose congress
Based on the theory that the market and real estate both compete for the same dollars, when I was convinced the Real estate bubble was going to pop, I shifted my investments over to stocks. Granted, this was only a couple of months ago...
Just got this in an email from a financial newsletter:
The markets have been a bit stronger than we expected here, but note that the Dow's all-time intraday high on 1/14/00 was 11,908.50 before it closed at 11,722.98. So, although we have broken above the all-time closing high, we have yet to head into new territory. So, the real resistance is at 11,908.50 and we are less than 1% away from that target.
I'll be interested to see how CBS, NBC, ABC, CNN portray this. It will have to be mentioned on the nightly news, however there will have to be huge BUT..... attached to it. All the producers are scrambling now trying to devise a way to show a scary downside to it all.
If Clinton were President, the media would be going nuts.
Ping.
Way to go day traders!!
The wild part is that it's up about 200 points since Tuesday's open. I haven't heard what the talking heads are saying yet - maybe oil's fall in price, maybe good 3rd quarter reports, maybe a good economy. The other wild part will be how the lefties must be frantic trying to spin it to make Bush look bad, or just down play it.