The DOW just sunk from +60 to -3 in the past hour

Someone knows something...

but what does that portend?

Good news or bad news?

Somebody can post a link...

The markets perform better under Democratic administrations...

The current Repuke 'pres' lost jobs. Why is Kerry bad for business?

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!

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.

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.

It looks like it bounced back a little, though.

explaining why...not that they're always right, but at least they tell you a theory.

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.

can you give me an interpretation please?

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.

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!

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

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.

as someone stated it is back up to +20, maybe I'm seeing things.

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.

Oil Eases Below $50 as U.S. Votes
http://olympics.reuters.com/newsArticle.jhtml?type=businessNews&storyID=6691222

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.

Historically the market goes down if an incumbent loses.

The market always performs better under Democrat Administrations.

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?

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: )

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.

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.

Selling off "short":argh:

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.

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.

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...

To change, some have to sell so they can buy others, (that are cheaper mostly now) volatility to ensue, fasten seat belt :scared:

nt

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.

the working classes and stockholders as they did under bush!!! no more nonpayment of taxes, outsourcing, and cayman tax shelters!!!

extra funding or get hurt than if Bush wins.

a Kerry profit taking.

?

not sure what that's about.
dp

n/t