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Investors don't like 4 more years.


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Posted

teeray...are you kicking over stones trying to find a republican to blame this on?

This is probably just a little reaction to the election, dollar losing some value, and people shifting some 401k dollars from stocks to bonds.

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Posted

stock.jpg

GUYZ LOOK AT HOW MANY TIMEZ OBAMA'S BEEN ELECTED!!!

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Posted

So.... surely today's dip had nothing to do with a string of bad news about Europe's economic crisis and how it is affecting Germany's growth and new worries that Greece might exit the euro zone.

Nope it is about Obama. AMRITE? AMRITE??

Good to see many Republicans retreating right back into their bubble that got their asses kicked in the first place.

L :rolleyes: L

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Posted

stock.jpg

GUYZ LOOK AT HOW MANY TIMEZ OBAMA'S BEEN ELECTED!!!

Hey look, a real chart

20121029_CB1_1.png

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Posted

teeray...are you kicking over stones trying to find a republican to blame this on?

This is probably just a little reaction to the election, dollar losing some value, and people shifting some 401k dollars from stocks to bonds.

Most investors are more interested in what is happening in European markets than who won the election last night. if the election had anything to do with today's market it is miniscule.

Obama was the clear favorite going into the election last night but stocks rose 1% on election day and has surged 6% in the last year despite Obama's consistent advantage in polls and in most election models and Intrade. So this theory makes ZERO sense.

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If the stock market is falling significantly due to Obama's reelection than I am VERY worried about the the intelligence of investors. If they were that worried about his re-election they should have pulled their money out a while ago because Obama has been the heavy favorite for quite some time.

How can you be good at predicting the future of stocks if you cant read/ understand polls from swing states being done daily?

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Posted

Investors hate Obama as President so much, the market has almost doubled in value during his time in office. :cigar:

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If you're going to claim that it's not fair to judge the price of a gallon of gas Nov 2008-Nov. 2012, then it's not fair to judge the stock market, either. It had crashed right before the election, assuring us of this nightmare we now have in office.

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Posted

Investors love QE

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The OP made the association between the President and the market, I'm just showing how irrational the comparison and the stock market is in general.

The price of gas is a separate issue, but since you brought it up, the GOP controlled House of Representatives has been actively trying to stop the implementation of rules and regulations to prevent speculators on Wall Street from driving up the price of oil.

There is no reason not to be outraged at the price of oil, but you should try and learn the real reason oil is overpriced during a time of excess global production.

A decade ago, speculators controlled only about 30% of the oil futures market. Today, Wall Street speculators control nearly 80% of this market. Many of those people buying and selling oil in the commodity markets will never use a drop of this oil. They are not airlines or trucking companies who will use the fuel in the future. The only function of the speculators in this process is to make as much money as they can, as quickly as they can.

I've seen the raw documents that prove the role of speculators. Commodity Futures Trading Commission records showed that in the summer of 2008, when gas prices spiked to more than $4 a gallon, speculators overwhelmingly controlled the crude oil futures market. The commission, which supposedly represents the interests of the American people, had kept the information hidden from the public for nearly three years. That alone is an outrage. The American people had a right to know exactly who caused gas prices to skyrocket in 2008 and who is causing them to spike today.

Even those inside the oil industry have admitted that speculation is driving up the price of gasoline. The CEO of Exxon-Mobil, Rex Tillerson, told a Senate hearing last year that speculation was driving up the price of a barrel of oil by as much as 40%. The general counsel of Delta Airlines, Ben Hirst, and the experts at Goldman Sachs also said excessive speculation is causing oil prices to spike by up to 40%. Even Saudi Arabia, the largest exporter of oil in the world, told the Bush administration back in 2008, during the last major spike in oil prices, that speculation was responsible for about $40 of a barrel of oil.

http://www.cnn.com/2...tion/index.html

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Posted

Investors love QE

Exactly, the Fed is driving this train (and has been for decades)... right off the tracks.

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Posted

So.... surely today's dip had nothing to do with a string of bad news about Europe's economic crisis and how it is affecting Germany's growth and new worries that Greece might exit the euro zone.

Nope it is about Obama. AMRITE? AMRITE??

Good to see many Republicans retreating right back into their bubble that got their asses kicked in the first place.

News in Europe has been bad for sometime, but the market didn't drop like it did today. Today's drop was largely a result of the election, or more properly, that the balance of power has been maintained and its going to be difficult to get an agreement regarding the fiscal cliff.

Had Democrats gained control of the house, or republicans control of the White House and Senate, I don't think the market would have been as jittery as it was today.

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