Dow up 600 points now on Obama win scenario

[bama2008]

http://stocknewsnow.blogspot.com/2008/10/stock-market-has-priced-in-obama.html

[bama2008]

1. wait until next week then the real rally begins

back to 10k we go!

[onenote]

2. saying its up because of Obama is as silly as saying its down because of Obama

In case you haven't noticed, Obama has been leading for awhile and the market has been rollercoastering around.

Its a silly argument when repubs argue that the market is dropping because of concern about Obama winning. Its no less silly when the opposite argument is made here.

[bama2008]

3. market ALWAYS rallies when a Democrat is president

[bama2008]

5. I think its because UNCERTAINLTY is GONE...

we have a clear winner and no hopefully worry of a 2000 repeat

[onenote]

7. so are you willing to bet that the market doesn't give back some or all of today's gains

between now and Tuesday?

[onenote]

8. damn. didn't know I was talking to a dead man.

Tombstoned.

[RoyGBiv]

11. I feel your pain ...

Well, maybe pain isn't the right word.

Seems like wasted effort now responding to this.

Something definitely tripped the sniff-o-meter, though.

[readmoreoften]

4. Nice thought but I don't think the Dow is up due to anything other than bottom feeders.

Or those who hope they're feeding at the bottom.

[bama2008]

6. Actually CNBC stated last ngiht market has now accepted Obama win

and that the bottom is in...then today we rally 600, not a coincidence

[Subdivisions]

9. Lookin' to me like what happened at the beginning of the

Great Depression. There were record days at the high end as well as the low end. It was bottom-feeders then and it most likely is now. Hell, I'm even entertaining the idea of jumping in while the bargains are plenty.

[RoyGBiv]

10. Bizarre ...

There were a few other things that actually did happen in the real world today that have had more of an influence on the current swing of the volatility pendulum.

Few of them are actually good news for Americans as a whole, but they drove a momentary stock buying spree. The TED has dropped from beyond the nosebleed section, but it's still way too high to make any sort of short-term prediction or even a guess.

The only glimmer of a positive note is that long-term investors are using the opportunity to buy at basement prices, which suggests many are betting the market has finally found a floor. But, they thought that two weeks ago too, then it dropped another 1000pts. So, we'll see.

Attaching this -- or anything in this area -- to Obama, positive or negative, before the man has even taken office is rather strange and certainly very poor investment advice.


Edit: Spelling

[Mike 03]

12. The markets are uninvestibly irrational, but

there was an imbecile on CNBC yesterday accusing Obama's speech in Ohio of triggering one of the intra-day townturns. Turnabout is fair play. She neglected to mention that the market actually spiked when Obama was speaking in Ohio, and came down substantially during McCain's speech that followed.

Of course I seriously doubt that anything to do with it, but that idiot jackass on CNBC apparently told people to sell stocks before election day.

[RoyGBiv]

13. Jackass is right ...

Well, when once is faced with the irrational, throwing back an argument based on the same set of irrationality is certainly fine. If I had to listen to that guy, pointing out how the market went up when Obama did this or that would be precisely my strategy.

As you say, the markets are irrational, so I guess one irrational argument is as good as the next. :)