Economy

elleng

(130,914 posts) Tue Mar 5, 2024, 05:21 PM Mar 5

Do markets always 'flounder' on election days?

Dow, S+P, Nasdaq all appear down today, tho at first appeared to DIVE and late in the day seemed to recover somewhat.

Happened to notice this today, and I was out early and only now (late) looking at details.

9 replies

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Do markets always 'flounder' on election days? (Original Post) elleng Mar 5 OP

I think some of it is what they call "profit-taking" At least I hope so Walleye Mar 5 #1

I hope so too, I guess. elleng Mar 5 #2

I have S&P index funds as well, and they are doing a lot better this year. I just stay hopeful Walleye Mar 5 #7

A guest on Bloomberg radio said yes, dips on Super Tuesday are the spooky3 Mar 5 #3

Thanks. elleng Mar 5 #4

I love that word. When they say the stock market has jitters Walleye Mar 5 #8

I think we have Fed testimony and speeches Thursday and Friday bucolic_frolic Mar 5 #5

Oh RIGHT! SoTU coming up! elleng Mar 5 #6

So if Trump wins today in the stock market goes down, how does he explain that Walleye Mar 5 #9

Walleye

(31,025 posts)

1. I think some of it is what they call "profit-taking" At least I hope so

Reply to elleng (Original post)

Tue Mar 5, 2024, 05:22 PM

Mar 5

elleng

(130,914 posts)

2. I hope so too, I guess.

Reply to Walleye (Reply #1)

Tue Mar 5, 2024, 05:23 PM

Mar 5

I surely didn't take any profits; hope my S+P did.

Walleye

(31,025 posts)

7. I have S&P index funds as well, and they are doing a lot better this year. I just stay hopeful

Reply to elleng (Reply #2)

Tue Mar 5, 2024, 06:21 PM

Mar 5

spooky3

(34,456 posts)

3. A guest on Bloomberg radio said yes, dips on Super Tuesday are the

Reply to elleng (Original post)

Tue Mar 5, 2024, 05:31 PM

Mar 5

Norm. And Jay Powell is speaking tomorrow, which might have added to jitters.

elleng

(130,914 posts)

4. Thanks.

Reply to spooky3 (Reply #3)

Tue Mar 5, 2024, 05:32 PM

Mar 5

Walleye

(31,025 posts)

8. I love that word. When they say the stock market has jitters

Reply to spooky3 (Reply #3)

Tue Mar 5, 2024, 06:22 PM

Mar 5

bucolic_frolic

(43,168 posts)

5. I think we have Fed testimony and speeches Thursday and Friday

Reply to elleng (Original post)

Tue Mar 5, 2024, 05:34 PM

Mar 5

Make that Wednesday, Thursday, and Friday. Powell tomorrow at 10am. Uncertainty. Fed is boxed in. No room to move rates up, no room to move them down. Or very little room. Plus valuations are up there.

elleng

(130,914 posts)

6. Oh RIGHT! SoTU coming up!

Reply to bucolic_frolic (Reply #5)

Tue Mar 5, 2024, 05:38 PM

Mar 5

Walleye

(31,025 posts)

9. So if Trump wins today in the stock market goes down, how does he explain that

Reply to elleng (Reply #6)

Tue Mar 5, 2024, 06:23 PM

Mar 5

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