Skip to comments.Just watched Outfront on CNNHD and they can't figure out why the stock market jumped today
Posted on 06/06/2012 4:15:20 PM PDT by Jayster
Don't usually watch CNN, however I did last night and today to see the spin on the election. Erin Burnett posed the question as to why the Stock Market jumped today and had a few guests on talking about it and they all seemed very confused. I mean really confused. NEVER ONCE did they bring up the ELECTION!!!!!!!!!!!
(Excerpt) Read more at outfront.blogs.cnn.com ...
It is friggin hilarious!!!!
..they won’t admit why the stock market jumped today
You know, I think they really are that clueless. Truly.
Agreed but you would think that it would be brought up at least once to discuss.
I’ve eaten meatloaf that’s smarter than the lib-dem turd-polishers on CNN. All libs & most dems think that life is just a sponge bath, with a happy ending.
0bama’s re-election odds on Intrade took a dive this week. I think the bookies and the stock market are in concert. I am hoping for a summer rally if 0bama keeps stumbling and Bill Clinton keeps “helping” him.
Stock market move had nothing to do with Walker’s win. It’s all about Europe and Helicopter Ben.
The new business gal on Fox(former CNBC’s Melissa Francis) tried to explain it to Shep today...he sighed, and blew it off(well, it is Shep)
Lets plug in some numbers and dates and see what patterns develop.
November 1992: Clinton elected President - Dow = 3240
November 1994: Republicans retake control of the House and Senate - Dow = 3807
June 2001: Jumpin Jim Jeffords gives control of the Senate to the Democrats - Dow = 10,990
November 2002: Republicans retake Senate - Dow = 8,537
November 2006: Democrats retake control of House & Senate - Dow = 12,342
November 2010: Democrats lose control of House - Dow = 11,092
Today, a year and a half since the Democrats lost control of the House - Dow = 12,415
Lets review. During the first two years of Clinton, while the Democrats retained control of the House and Senate, the Dow increased but was relatively flat.
In 1994, the Republicans took control of the House and Senate. The Dow exploded, increasing at an annual rate of almost 18% per year for the next 6 & 1/2 years, the entire period while the Republicans remained in control.
In June 2001, the Democrats gained control of the Senate. The Dow then plunged at an annual rate of almost -16% until November 2002, when the Republicans regained control of the Senate.
From November 2002, while the Republicans controlled both the House and Senate, until November 2006, when the Democrats regained control of both the House and the Senate, the Dow increased at a rate of over 20% per year.
In November 2006, the Democrats regained control of both the House and Senate. During the first two years of Democrat control (from November 2006 to November 2008), the Dow plunged at an annual rate of almost -15% per year. After four years of Democrat control of both houses of Congress, the Dow was down 10% from where it was before the Democrats took control.
In the year and a half since the Democrats lost control of the House, the Dow has gained 12% and is finally back to where it was in 2006, when the Democrats took control of Congress.
Anyone else notice a pattern here?
Republican Control = Bull Market and Prosperity
Democrat Control = Bear Market and Depression
It is not hard to do the math.
No they’re not.
They’re liberals and they will lie like dogs in order to hide the truth.
Not so sure if it had nothing to do with the win, but agree on the other part.
As always there are many variables and emotions.
I guess a better point would be if there was a major Dem victory the day before a stock jump, you know that they would attribute it to the win.
As soon as the market starts to believe that Obama really will lose, it’s going to TAKE OFF.
Wait until they see the market sometime around October when the smart money figures out Zero ain’t getting reelected.
Slick Willy is trying to put the GOP and The Tea Party to sleep by saying nice things about Romney. Trust me, about a week before the election Bill will come out and state something like, Well, I do like Gov. Romney and I’ve said some nice things about him but the truth is, as good as he is on many fronts he just isn’t the man we need to to get us out of this hole so I’m supporting Pres. Obumma.
I agree. The FED is going to stiff the taxpayers again.
They also won’t admit to when it dropped and why. It was in relation to the possibility Obama was going to be the nominee.
I don’t want to seem like a wet blanket, but the market shot up today because the fed commented that they may inject dollars into the system. Same thing in Europe.
The election was part of it...but the market was poised to go before the polls closed.
Read Post 12
All in all most times I don't think commentators' statements about what caused a rise or what caused a drop derive from anything more significant than their exhaust ports. They just look around and see what all happened today and pick the things that go the same direction as the market action and declare it the cause.
If Obama doesn't heed that message, we can watch President Romney's inauguration on January 20, 2013.
I will certainly agree with you on your last point!
Yeah, I hear that Shep blows off a lot of things.
He may say something on that order because he HAS TO to keep on being a Democrat elder but he really does not want to see Obama reelected, he didn’t want to see him elected in the first place and he most certainly does not want to see him win again. I still remember Clinton’s speech in “support” of Obama as the nominee. Clinton was literally speaking tongue in cheek, he kept poking his tongue into his right cheek and pushing as hard as he could between sentences. It was obvious to anyone but an idiot that he did not mean one word he was saying and he wanted to make sure that it was obvious.
It was the only instance I can recall of a former president saying the opposite of what he wanted to say and yet trying to make it obvious that he did NOT mean what he was saying.
Yep, Big Ben just sounded less than ready for QE3 and already the market is going back down.
WI had nothing to do with it.
That is not my point....