novadem
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Tue Nov-02-04 02:56 PM
Original message |
The DOW just sunk from +60 to -3 in the past hour |
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Someone knows something...
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OneMoreDemocrat
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Tue Nov-02-04 02:57 PM
Response to Original message |
1. Terribly sorry for asking.......... |
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but what does that portend?
Good news or bad news?
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DemocratSinceBirth
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Tue Nov-02-04 02:58 PM
Response to Reply #1 |
5. They See A Kerry Victory As Bad For Business.. |
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Somebody can post a link...
The markets perform better under Democratic administrations...
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sonicx
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Tue Nov-02-04 03:02 PM
Response to Reply #5 |
10. The last Democratic President made 20 plus million new job |
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The current Repuke 'pres' lost jobs. Why is Kerry bad for business?
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Brundle_Fly
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Tue Nov-02-04 03:08 PM
Response to Reply #10 |
19. because they have had |
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a free for all under bush, kerry will implement laws to stop outsourcing and other ways they have made enormous profits...
Kerry is good for the workers, and good for the old style of business, the one where people at the top had to work to make it.
FUCK THE BOZOS! GO KERRY!
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Joe Turner
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Tue Nov-02-04 03:55 PM
Response to Reply #10 |
34. The market does not like uncertainty or a change in the status quo |
LiberalFighter
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Tue Nov-02-04 04:01 PM
Response to Reply #34 |
37. And gw* is not uncertainty?? |
Joe Turner
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Tue Nov-02-04 04:57 PM
Response to Reply #37 |
44. GW* is an unmittigated Disaster for the market...true |
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And Kerry will in time fire up the market much as Clinton did. However, on a day to day basis, uncertainly rules.
Sorry for any confusion, because I do agree with your sentiment.
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xray s
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Tue Nov-02-04 03:02 PM
Original message |
you have to understand the market |
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it initially goes down because the uninformed, partisan investors that back Bush are panicking and selling off. The savvy investors that know that a Democrat in the WH is good for the market watch this happen on the sidelines, smiling and waiting to pull the trigger and get in on the ground floor of the big Kerry bull market.
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high density
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Tue Nov-02-04 02:58 PM
Response to Original message |
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Edited on Tue Nov-02-04 02:58 PM by high density
It looks like it bounced back a little, though.
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napi21
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Tue Nov-02-04 02:58 PM
Response to Original message |
3. WHY? Anyone watching CNBC? They always have analyists |
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explaining why...not that they're always right, but at least they tell you a theory.
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Kokonoe
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Tue Nov-02-04 03:08 PM
Response to Reply #3 |
21. they say a change in administrations causes uncertainty. |
Sagan
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Tue Nov-02-04 02:58 PM
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4. probably Iraqi pipeline explosion reaction |
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The market has been rallying for some stupid reason, as the price of oil has backed off the $60 mark. Why the market thinks oil in the $50 / barrel range is ok is beyond me.
Anyway, the pipeline explosion in Iraq has probably been confirmed to Wall Street as being pretty severe, which it is.
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ogradda
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Tue Nov-02-04 02:59 PM
Response to Original message |
6. i'm sorry i know absolutely nothing on this subject |
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can you give me an interpretation please?
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carolinalady
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Tue Nov-02-04 03:00 PM
Response to Original message |
7. that is not unusual at lunch time and |
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it is already bouncing back up. Some day trader profit taking-the Dow and nasdaq have been in election rally mode for a couple days. Also since my husband and I trade regularly I frequent lots of finance web sites. Contrary to alot of people's beliefs the trading world is just as split on George as the rest of the world.
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cygy2k
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Tue Nov-02-04 03:01 PM
Response to Reply #7 |
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Actually, the stock market typically goes down about 1.7% after an incumbant loses, the stock marketeers are typically republicans and don't like change atop. But we here at DU shure do!
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carolinalady
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Tue Nov-02-04 03:05 PM
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16. I will be surprised if that happens this year because |
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the market has been suppressed for so long--uncertainty of election, terror attacks before, surging oil, etc. That alot of prime companies are way undervalued already. Nothing else has been predictable this year; I think the markets will be the same--LOL. :7
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girl gone mad
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Tue Nov-02-04 03:09 PM
Response to Reply #8 |
22. This is an unusual election. |
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I wouldn't be surprised if the market rallied on a Kerry voctory. For one thing, any decisive victory will be good news for the market. For another, Kerry is more likely to govern as a market, which would mean a return to stability. Bush has been unpredictable.
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novadem
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Tue Nov-02-04 03:02 PM
Response to Original message |
9. It happened very suddenly after going up the last few days |
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as someone stated it is back up to +20, maybe I'm seeing things.
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eataTREE
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Tue Nov-02-04 03:02 PM
Response to Original message |
11. That is an utterly insignifigant fluctuation. |
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The Dow swings more than 60 points every day the market is open. Don't try to divine any meaning in the small fluctuations of the market. You might as well read tea leaves or bird entrails.
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Roland99
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Tue Nov-02-04 03:04 PM
Response to Reply #11 |
13. Could be led by a drop in oil companies?? |
Roland99
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Tue Nov-02-04 03:08 PM
Response to Reply #11 |
20. Or news about job cuts and layoffs... |
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U.S. employers report fewer job cuts in Oct. But number of layoffs remained above 100,000 http://www.msnbc.msn.com/id/6390311/U.S. planned job cuts eased in October but remained above the 100,000 level for the second month in row, a report said Tuesday.
Employment consulting firm Challenger, Gray & Christmas Inc. said employers announced 101,840 layoffs in October, down from 107,863 in September. The October figure marked the first time since January/February of 2003 that more than 100,000 cuts were announced back to back.
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jbond56
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Tue Nov-02-04 03:03 PM
Response to Original message |
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Historically the market goes down if an incumbent loses.
The market always performs better under Democrat Administrations.
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Itascapark
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Tue Nov-02-04 03:04 PM
Response to Original message |
14. We might note this item... |
elepet
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Tue Nov-02-04 03:04 PM
Response to Original message |
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Edited on Tue Nov-02-04 03:06 PM by elepet
up 17.77. moving fast up and down. mostly up thought. whew..(I have real time data feed) up 22.30 no...25.51. 10.40. now moving down fast again. not sure who knows what if anything. They say market favors a smooth uncontested election...Kerry landslide?
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Mr_Spock
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Tue Nov-02-04 03:05 PM
Response to Original message |
17. This is ridiculous analysis - back up what you say |
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What a bunch of fucking whining Thomas's here - so fucking annoying. Did a black cat walk in front of your path today? You have NO IDEA why the market moved down just now - supposition I read earlier on a news site said it may be UP because they want a change, but any other news would make them forget this instantly - these people are FICKLE (like some here at DU :eyes: )
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napi21
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Tue Nov-02-04 03:05 PM
Response to Original message |
18. Explaination: Market doesn't like uncertainty. |
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Possibilities in a Kerry win:
pro EPA policy Higher costs on business Energy policy change
They are all saying down trend is because exit polls show a possible kerry win.
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elepet
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Tue Nov-02-04 03:10 PM
Response to Reply #18 |
23. reason for stock market fluctuations. |
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more people buying than selling=up more people selling than buying=down all sorts of reasons..after the fact. I was in the market in 2000. It was insane. this is mild.
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GalleryGod
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Tue Nov-02-04 03:11 PM
Response to Original message |
24. Those Damned EXIT POLLS! Daddy WAR$'s is PO'd! |
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Selling off "short":argh:
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Silverhair
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Tue Nov-02-04 03:11 PM
Response to Original message |
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The market so far today has made a sudden 60 point jump, stayed there a few hours, and then dropped to about the opening level. On a base of 10,000 points, a 60 point movement is random noise.
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dkamin
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Tue Nov-02-04 03:11 PM
Response to Original message |
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And the oil numbers are also tied in. The market predicts that a Kerry win will result in higher corporate taxes and a greater crackdown on corporate fraud/more regulations. It also predicts that Kerry will dip into the Strategic Oil Reserve and mend relations with the Muslim world, which will lower the price of oil in the short term.
In the long term, it's likely that the ECONOMY will do better under Kerry, but not necessarily the stock market, which was driven upwards by Bush's tax cuts on dividends and capital gains. If Kerry follows through on his promise to rescind Bush's top-tier tax cuts, this will affect P/E ratios, and in the short run, this will cause a stock market dip.
Ok, maybe not so simple.
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novadem
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Tue Nov-02-04 03:26 PM
Response to Original message |
27. I guess I wasn't the only one who noticed (CBS did) |
Anarcho-Socialist
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Tue Nov-02-04 03:29 PM
Response to Original message |
28. The stock market always favors the incumbent - "it's the devil you know" |
DemocracyInaction
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Tue Nov-02-04 03:34 PM
Response to Original message |
29. Oh, boy, don't know if this is good or bad |
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Few hours ago when it was at 60 they said that oil prices were going down and thus, market going up because they felt that Kerry would open the strategic reserves and thus ease the pressure and the prices (i.e, thought Kerry was going to win). If this happens now after the magic 3:00 hour when the pundits say they basically know who is going to win.......I honestly don't know what to make of it. I would have thought it was a 100% Kerry has it and they know it if it wasn't for that analysis several hours ago. Damn, now the stomach is churning...
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Goldmund
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Tue Nov-02-04 03:35 PM
Response to Reply #29 |
moondust
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Tue Nov-02-04 03:49 PM
Response to Original message |
31. Stock market does much better with Dem Presidents. eom |
nolabels
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Tue Nov-02-04 04:05 PM
Response to Reply #31 |
40. But with different kinds of stocks |
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To change, some have to sell so they can buy others, (that are cheaper mostly now) volatility to ensue, fasten seat belt :scared:
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KingChicken
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Tue Nov-02-04 03:50 PM
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32. End of day selloff, people going crazy.. |
BlueEyedSon
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Tue Nov-02-04 03:52 PM
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33. Increased capital gains tax (under Kerry) makes owning stock more risky |
gottaB
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Tue Nov-02-04 03:59 PM
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35. OMG A Democratic White House!!! SELL! SELL! SELL! |
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Suckers.
I heard a guest on Nightly Business Report saying there was a lot of money waiting on the sidelines. No matter who wins (Kerry! Kerry!) money will flow into the market as soon as the election is decided. Looks like the sideliners might find some bargains.
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trof
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Tue Nov-02-04 04:00 PM
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Blue_Tires
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Tue Nov-02-04 04:02 PM
Response to Original message |
38. crooked CEOs can no longer rape |
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the working classes and stockholders as they did under bush!!! no more nonpayment of taxes, outsourcing, and cayman tax shelters!!!
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Casablanca
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Tue Nov-02-04 04:03 PM
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39. They're creating a dip to buy in and cash in on the rebound. nt |
LuminousX
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Tue Nov-02-04 04:10 PM
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41. Reshuffling of stocks... if Kerry wins, different industries will get |
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extra funding or get hurt than if Bush wins.
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dweller
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Tue Nov-02-04 04:51 PM
Response to Original message |
42. Big Eddie just called it |
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a Kerry profit taking.
?
not sure what that's about. dp
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kerry-is-my-prez
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Tue Nov-02-04 04:55 PM
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43. It usually goes down when the incumbent is losing. |
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