jtb33
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Thu Nov-04-04 05:37 PM
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Stock market soaring! Why?! |
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"Big rally, day two" "Market zooms on falling oil, Altria, election relief; S&P 500 closes at 2-1/2 year high." What's up with this? Is it normal for this to happen after a presidential election? http://money.cnn.com/2004/11/04/markets/markets_newyork/index.htm?cnn=yes
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Coyote_Bandit
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Thu Nov-04-04 05:39 PM
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1. The Markets Don't Like Uncertainty |
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With the election over they now know what to expect for the next four years. More of the same policies. Which are basically good for the big multi-nationals that outsource....
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smirkymonkey
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Thu Nov-04-04 05:42 PM
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8. Yeah, until it all comes crashing down on Bush's head. |
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You can't keep artificially propping up the economy and expect it to last.
There are so many factors that could crush us in another four years and I predict that after the party, the poor and the middle class are going to be the ones to suffer.
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Coyote_Bandit
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Thu Nov-04-04 05:49 PM
Response to Reply #8 |
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But the professional investors who do the majority of the trading in this country will take advantage to reap quick gains and reinvest those proceeds. Professional money managers were likely contemplating different buys and sells depending on the election results - and contemplating them days before we voted.
Less sophisticated invesstors will not know when to get out until it is too late - and of course they are usually very limited in their ability to diversify and minimize their risk.
There really isn't much in the market I like these days. Hard assets are good - but they tend to have concentrated and sometimes unique risk that is not easily diversifiable.
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montanacowboy
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Thu Nov-04-04 05:39 PM
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2. Normal for a * election |
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look at the stocks that are soaring - pharmaceuticals, oil, gas drilling, defense contractors
they know that's where the big bucks will be spent - they can count on the Chimp to come through for them
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Pig_Latin_Lover
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Thu Nov-04-04 05:39 PM
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Give it time. Bush has yet to fully ascend and push his agenda. By 2008, the US dollar value won't be very high and China will be a much bigger player.
In the meantime, SELL! SELL!
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tjdee
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Thu Nov-04-04 05:40 PM
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4. Tax cuts for corporations, the rich (investment income).... |
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Bush's idiotic tax policy is muy bueno for those in the stock market.
Or they think it is, which is basically what the stock market is, just guessing.
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BUSHOUT
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Thu Nov-04-04 05:41 PM
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5. No reason. Certainly not because of a chimp win... |
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more just because it had been dropping prior to the election due to uncertainty....terrorist attack. In case you didn't notice, chimp had the whole country terrified. Now that the election is over and it *seems* certain the race is decided, the market reacts the other way.
The spectre of a terrorist attack is much greater now....so corrections will certainly come.
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meti57b
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Thu Nov-04-04 05:41 PM
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helnwhls
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Thu Nov-04-04 05:41 PM
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has received the go ahead for another four years.
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Dogmudgeon
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Thu Nov-04-04 05:43 PM
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9. It's an ABBA DABBA HONEYMOON! |
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Way down in the congo land sitting in a coconut tree, there was a monkey and a chimp -- and Lordy how she loved him. Everynight in the pale moonlight sitting in the coconut tree, these love words she always said to he...
"Abba dabba dabba dabba dabba dabba dabba" said the monkey to the chimp. "Abba dabba dabba dabba dabba dabba dabba" said the chimpy to the monk. All night long they chattered away. All day long they were happy and gay, swinging and swaying in a honky, tonky way.
"Abba dabba dabba dabba dabba dabba dabba" said the chimp, "I love but you." Abba dabba dabba in monkey talk means "Chimp, I love you too." Then the ol' baboon, one night in June, married them and very soon, they sailed away on an abba dabba honeymoon.
--bkl
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jpak
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Thu Nov-04-04 05:46 PM
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10. The privatization of Social Security will be a windfall for stocks |
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That alone would explain the euphoria...
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2Design
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Thu Nov-04-04 05:49 PM
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11. bush is owned by corporations - they will get lots of tax cuts |
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and off shoring and tax credits - they will make money like enron - enron never paid taxes but collected millions in incentives - our tax dollars fund corporations giving away our jobs
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RPM
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Thu Nov-04-04 09:03 PM
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W's win means at least 4 years of unfettered outsourcing. Many $$$s that will never hit the cost/expense lines --> greater profits.
Of course some will lose jobs, but the hamburger manufacturing sector is soaring.....
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Mike03
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Sat Nov-06-04 09:45 AM
Response to Reply #13 |
17. I'm also very curious about what will happen |
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to corporate profits going forward. Consumer spending continues to be irrationally strong but it outpaces wages so we have to assume people are running up a ton of debt. As inflation and interest rates rise, won't this curtail consumer spending? Many people have purchased homes in the last couple of years but have very little equity in those homes and adjustable rate mortgages. I just see all these various pieces of the machine starting to grind, and I can't begin to imagine how this will impact corporate earnings. I suppose companies that export will do well, particularly if the dollar continues to slide.
You know that joke about economists: If you get four together in the same room you will get five opinions. I don't think anybody knows for sure how this will shake out.
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T Bone
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Fri Nov-05-04 10:28 PM
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14. I got a call today from the broker for a little IRA account I have |
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The money has been sitting in money market for a few years, after a collapse of value after 911 and me just being sick of Bush. I thought what the hell why prop up the market with my little account just so they can pump and dump and leave me with less. You KNOW it is going to happen. She was all 'concerned' that I was 'missing out'. I told her the last fund I got into after a phone call like hers lost me $8000 woth of value, plus a shitload of little fees to sell it and preserve what was left. She wasn't to much on socially concious funds. They will miss out on Kraft Foods rally she said if a lot macaroni and cheese is sold (wtf?)....
I know this might not make a lot of sense but if all the little guys like me are getting called and encouraged to buy in so we don't miss out....this might explain a lot of what is going on. A faith-based rally of sorts, I assume. I told her to send me some info on Franklin Funds which she was REALLY pushing, although she is also sending something on VanKampen, and will try to find what their offerings are for a socially conscious fund. Hell, maybe I will just do that on my own.
At one point when I mentioned I don't trust current Washington policies, she seemed to agree and mentioned that there was some 'uncertainty about that as well from abroad'. Are they expecting a big pullout from our markets by the rest of the world and want to get a lot us suckered in so they can sell short and take our money? I wouldn't put it past them/
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jsquared
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Sat Nov-06-04 01:59 AM
Response to Reply #14 |
16. There seem to have been money leaving the market lately, probably |
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foreigners worried about declining value of dollar-based assets. I would doubt they are actively shorting, just looking for safer harbors.
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renoray
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Sat Nov-06-04 01:02 AM
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15. Because of Social Security money |
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They're going to "privatize" social security by letting people invest it in the stock market. The rich are buying in cheap, because they know the federally funded pyramid scheme is about to begin. Money will flow into the bottom of the pyramid, the top will get richer.
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DemBones DemBones
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Sun Nov-07-04 04:22 AM
Response to Reply #15 |
19. So instead of the money of the young who choose |
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to privatize being in the system to help us boomers as we retire, it will be yielding dividends to the fat cats at the top? Will the young putting money in ever benefit?
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amazona
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Sat Nov-06-04 11:58 AM
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18. market dislikes uncertainty |
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Bad news is better than unknowns. The market is volatile, and you can expect very wide swings over the short term.
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Fri Apr 26th 2024, 05:02 AM
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