Obama wins. Dow drops 300 points first 90 minutes of trading.

Discussion in 'Politics' started by peilthetraveler, Nov 7, 2012.

  1. achilles28

    achilles28

    I have. Obama is a traitor. So is Mitt, and most of Congress.
     
    #11     Nov 7, 2012
  2. Lucrum

    Lucrum

    + 16 Trillion...and counting...
     
    #12     Nov 7, 2012
  3. Ricter

    Ricter

    Uh huh. You betcha.

    Nov. 7, 2012, 10:56 a.m. EST
    "U.S. stocks slide as Europe’s troubles hit

    U.S. stock futures move lower
    U.S. bonds turn down, watching stocks and election
    Phillips 66, Tesoro top gainers in energy stocks

    By Kate Gibson, MarketWatch

    "NEW YORK (MarketWatch) — U.S. stocks declined Wednesday, retreating after the prior session’s strong gains and U.S. President Barack Obama’s reelection, as Europe’s economic troubles hit investor sentiment.

    “The downturn is more related to what is going on in Europe than to this election result,” said Randy Frederick, managing director of active trading and derivatives at Charles Schwab & Co."

    [url="http://www.marketwatch.com/story/us-stocks-slide-as-europes-troubles-hit-2012-11-07?siteid=bigcharts&dist=bigcharts]More...[/url]
     
    #13     Nov 7, 2012
  4. Ricter

    Ricter

    If you're worried then quit buying Treasuries.
     
    #14     Nov 7, 2012
  5. Simple explanation: Bonds rise and the stock market goes down, because capital is heading to bonds. In addition the dollar rose. It shows that the world thinks that the election result is good for America's finances.
     
    #15     Nov 7, 2012
  6. Mercor

    Mercor

    Looks more like a flight to quality
     
    #16     Nov 7, 2012
  7. You read bullshit?
     
    #17     Nov 7, 2012
  8. Lucrum

    Lucrum

    I don't, they're a bad investment. Like buying shares in the Titanic.
     
    #18     Nov 7, 2012
  9. Ricter

    Ricter

    Don't like the message?
     
    #19     Nov 7, 2012
  10. Pekelo

    Pekelo

    I sure did:

    Today the lowest was -2.7%. We have just repeated 2008, no big trick was used.... :)

    Occasionally, you guys should study history. It likes to repeat itself....
     
    #20     Nov 7, 2012