Markets up 300!!! I think they know something.

Marketwatch ^ | 11/4/08 | Marketwatch

[Ravi]

Bulls cast their ballots early...

[chimera]

Those numbers simply confirm that it is a secular bear market. Secular meaning it lasts a long time, and bear in the sense that over that time the market goes up, and comes down, and repeats that cycle but ends up about where it started. You can make money in a secular bear market by playing those swings, but if you're a long-term buy-and-holder, you're going to be devastated by the time value of money effect.

[WKL815]

It means that if Obama gets elected, they get more money from the government. They can hardly wait.

Have you heard about Obama? Are we talking about the same Obama? 'Cause the Obama we're talking about is a socialist who hates America's capitalists. Your assertion is ridiculous. Thus, the ridicule.

[FrankR]

One good thing about time seeming to go faster as you get older is, I still remember the last election pretty good, and the comments - i.e. gloom and doom - on FR looks amazingly similar to the last election.

Remember, it ain't over until it's over...no matter what all of the hairspray honchoes on the networks say.

The best thing to do is just go on with your day like normal; once you have voted, at this late date you've done about everything you can do.

I think - excepting for voter fraud - that McCain/Palin wins...but there is always that voter fraud. The dems have tried it in the last two presidential elections, and this time it's even more likely.

[savedbygrace]

The "barista" said "you can have a free cup of coffee DEPENDING ON WHO YOU VOTED FOR".

"I voted for the next President of the United States. Who did you vote for?"

[RexBeach]

Wouldn’t make much difference.

[Deo volente]

Uranium stocks are up huge today. They would do very well under a McCain administration, as he has called for the construction of many more nuclear reactors. They would NOT do well under Obama. Why are they up 15-25% today???

http://finance.yahoo.com/q?s=CCJ

http://finance.yahoo.com/q?s=URRE

http://finance.yahoo.com/q?s=DNN

[Ramius]

The markets usually know everything. ...

Unfortunately, most of the traders on Wall Street haven't been alive and aware long enough to remember much of Clinton, let alone Reagan. Think about it... a broker with a 20 year career that's never seen anything but bull markets briefly interrupted by a couple of corrections.

They don't know jack.

[RexBeach]

Correct! That’s why I put up those numbers.

[Moonman62]

The markets know that W will be retiring soon.

Seriesly though, there are signs that banks are loosening their grip on cash.

[My Favorite Headache]

The Fox Business dunce said it’s because of anticipation of an Obama presidency.

[1L]

Have you looked at their losses lately? Did they, just for a short period, not do their due diligence, or could it be that they are sometimes wrong?

I believe those who are driving up the average on Wall Street today know less about what’s going on politically than you do from being on FR right now.

[Rockitz]

Probably an effort to pump and then short.

[jerod]

My implication is that the money masters on wall street will receive more government handouts. It was not that they will make more money from business dealings created by the ‘One’.

The bottom line is this... Big business loves a liberal, because liberals are always more willing to give them the taxpayers money to conduct enterprise, as apposed to conservative governments, who force them to use their own money to conduct enterprise.

Irving Oil - the local billionaires in my neighborhood, conduct several business ventures using my money (i.e. taxpayers money) instead of theirs. It’s really quite a lovely system for them and that’s why they’ve always supported liberal candidates.

[KAUAIBOUND]

While I agree that uranium stocks would do well under a McCain administration, the entire energy sector is up today, which might also support your conclusion.

Here is a neat website, which on the right hand side shows the entire S&P 500 divided by sector and market cap. The energy sector is in the upper right hand corner, dominated by XOM. It’s all green today. Of course, by the time you see this, the market could move down.

http://www.finviz.com/

[ChurtleDawg]

I think the markets are improving because the credit markets are loosening somewhat.

I have been watching CNBC this morning and there seems to be a general rally as confidence improves.

[ChurtleDawg]

everything seems to be up today, actually. Investor confidence has improved.

plus, the banks are looking forward to a massive Obama bailout.

[STARWISE]

The markets are up today because the uncertainty
about who will be POTUS is about to come to an end.

~~~

DITTO!!

Our two years’ long, national nightmare is finally
over. We will have an outcome ... at some point,
the uncertainty will end, albeit possibly through
the courts. But there will be a conclusion.

Nothing freaks the market more than unsettled
events.

If it’s concluded with 0 being the president, it
won’t be long before the market falls.

[Deo volente]

Thanks for the link. I’ve bookmarked it.

I bought into an Energy mutual fund a few days ago. It was down 44% for the year-to-date, so I figured it was near the bottom.

[John123]

I don’t know about that... the market volume so far is average which tells me that big money isn’t betting yet... it is more like the gamblers and speculators... not much of an indicator in my opinion...

[sageb1]

Yeah, they know they can stop manipulating it now.