Are you suggesting that some traders are only now learning that Obama is President?
watch for the biggest transfer of money out of America in our history. Companies, and individuals are moving money offshore in droves.
I’m suggesting read the tea (bill) leaves.... and weep.
Not necessarily.
However, I can see investors waiting until the very end to get a better sense of what Obama might ACTUALLY do. After all, BHO says one thing today, and another tomorrow. Nobody knows the man, even now, so it would be logical to wait until better information comes along.
The stock dive might be an indication that investors have figured out Obama (and don’t like what they have found), or that they don’t really know what the man is going to do (and are thus responding to the uncertainty). There is talk of massive government borrowing, which is going to suck up what free liquid capital remains — but it is as yet unclear whether the government will allocate that capital effectively (good and unlikely) or allocate it based on political gain (bad and probably what will happen).
Brace for change, folks.
-332.13
There is no way out even if there`s a future bump it`ll only be with borrowed money on borrowed time:
http://ca.youtube.com/watch?v=4n3g5lUgkWk&feature=channel_page
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Actually, dumb money was buying before today hoping for a big “Obama Rally.”
Smart money was selling or shorting. (Of course the smart money knew Obutthole is going to be inaugurated...)
The market will work thru that Obama hope buying from last week and then maybe get a bounce for some other reason, or flatline, or get hit again. But the “hope” buying was flushed out today (and in next few days).