Posted on 10/01/2004 8:35:55 AM PDT by DAC21
I believe the futures were down significantly right after the debate last night. Have a look now. Are investors digesting the last night results, and coming to the conclusion that nothing has changed in the race to the White House?
Thoughts
I like being naked.
Yes. they saw the best skerry had to offer.....and BUSH WINS BIG
I like being naked.
TMI
The DOW went thru the roof under Slickmeister. Thoughts? The market is not an electoral barometer.
THe futures traders seem have Bush back up again after a disastrous debate performance. They seem to think that nothing has changed, but their information won't be complete until we see some new polls.
It's at 110 points now.. Happy time at the Dow. I wondered the same thing myself.
Two words.
"global test"
but lets not forget sKerry saying that he would give nuke fuel to iran.
plus the pres didnt botch anything. He "stayed the course." :)
And it is only going higher. Very shallow pull backs. Tradesport also has Bush contracts up nearly 2pnts. Kerry contracts down slightly (but down non the less.)
Start of new Q...
Goodness gracious.
The DOW going up or down on a day to day basis has NOTHING, ZERO, NADA, ZILCH to do with the Presidential Election, much less the debate.
Get real people.
I bet you think you're the Cats Pajamas.
bttt
This is supposed to be a pajama party remember? /cheerleader mode.
Yes, way too much!
The concensus on Fox News after the bell shows yesterday was the market would have a negative reaction if Bush didn't do very well last night. Either they were wrong, or Bush did very well. I think the truth is, the market digested the information as a net push, which is a win for the man in front. Go W. Go NYSE.
The "investment class" knows that a second BUSH term is favorable to the business environment in this wonderful capitalist country of ours...
The better a BUSH re-election looks, the happier they will be for investments and the resulting paybacks...
G
http://biz.yahoo.com/cbsm-top/041001/3b0c8a4cb508a99087a0ea5557f48eb4_1.html
"We're up for a combination of reasons," said Peter Boockvar, equity strategist at Miller Tabak.
Boockvar said gains on overseas markets after an upbeat reading of the closely-followed tankan business sentiment survey in Japan, was boosting positive sentiment among U.S. traders.
There is also "optimism that now that we are actually going to get third quarter earnings as opposed to just pre-announcements, that maybe it won't be as bad as the pre-announcements implied," said Boockvar.
Also helping, said the analyst, was a fresh dip in oil prices and JP Morgan's upgrade of semiconductor equipment makers, Novellus Systems and Teradyne.
Commenting on Thursday night's presidential debate, Boockvar said the consensus is that "Kerry did a much better job than Bush."
"The market rallied because they thought Bush would win so I'm not quite sure what it means for the markets right now."
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