Skip to comments.Vampires, Werewolves and The Post Election Market Reaction
Posted on 11/08/2012 12:54:22 PM PST by whitedog57
It has been two days since the US election where President Obama was re-elected and both the House and Senate remained in the same hands. In other words, nothing changed.
Dow Jones Industrial Average The reaction was decidedly negative since the election signals more of the same policies under which the economy if foundering.
Ten Year Treasury Yields Ten year Treasury yields have dropped indicating a rush to safety.
Gold Prices Gold prices have risen a heck of lot faster than the stock market, particularly today.
Silver Prices Often used as a defense against vampires and werewolves, silver has really risen quickly since the election, particularly today as well.
The market is signaling dissatisfaction with the Washington DC status quo: A Federal government that runs staggering deficits of over a trillon dollars per year and a Senate that hasnt passed a budget in years.
Throw in the 48% increase in Federal debt since the end of Q4 2008 AND a resulting increase in real GDP of only 5.2% (over 3 1/2 years) and you can see why markets are scared.
Or do they think the Administration and Congress are morphing in vampires and werewolves?
(Excerpt) Read more at confoundedinterest.wordpress.com ...
My financial advisor finally called back... she’s been in nonstop conference calls since yesterday morning.
Needless to say she’s pretty busy.