Skip to comments.Markets up 300!!! I think they know something.
Posted on 11/04/2008 8:35:02 AM PST by Ravi
Bulls cast their ballots early...
(Excerpt) Read more at marketwatch.com ...
Have you looked at their losses lately? Did they, just for a short period, not do their due diligence, or could it be that they are sometimes wrong?
I believe those who are driving up the average on Wall Street today know less about what’s going on politically than you do from being on FR right now.
Probably an effort to pump and then short.
My implication is that the money masters on wall street will receive more government handouts. It was not that they will make more money from business dealings created by the ‘One’.
The bottom line is this... Big business loves a liberal, because liberals are always more willing to give them the taxpayers money to conduct enterprise, as apposed to conservative governments, who force them to use their own money to conduct enterprise.
Irving Oil - the local billionaires in my neighborhood, conduct several business ventures using my money (i.e. taxpayers money) instead of theirs. It’s really quite a lovely system for them and that’s why they’ve always supported liberal candidates.
While I agree that uranium stocks would do well under a McCain administration, the entire energy sector is up today, which might also support your conclusion.
Here is a neat website, which on the right hand side shows the entire S&P 500 divided by sector and market cap. The energy sector is in the upper right hand corner, dominated by XOM. It’s all green today. Of course, by the time you see this, the market could move down.
I think the markets are improving because the credit markets are loosening somewhat.
I have been watching CNBC this morning and there seems to be a general rally as confidence improves.
everything seems to be up today, actually. Investor confidence has improved.
plus, the banks are looking forward to a massive Obama bailout.
The markets are up today because the uncertainty
about who will be POTUS is about to come to an end.
Our two years’ long, national nightmare is finally
over. We will have an outcome ... at some point,
the uncertainty will end, albeit possibly through
the courts. But there will be a conclusion.
Nothing freaks the market more than unsettled
If it’s concluded with 0 being the president, it
won’t be long before the market falls.
Thanks for the link. I’ve bookmarked it.
I bought into an Energy mutual fund a few days ago. It was down 44% for the year-to-date, so I figured it was near the bottom.
I don’t know about that... the market volume so far is average which tells me that big money isn’t betting yet... it is more like the gamblers and speculators... not much of an indicator in my opinion...
Yeah, they know they can stop manipulating it now.
I thought of this too, may mean nothing or if Mac loses look for a hard down the 5th.
“Buy on mystery, sell on history.” — Paul Kangas
Yes, and it does seem like 2006 again, doesn't it? Still people making rose-colored-glasses, Ostrich-Brigade comments, too.
Dow futures are turning negative. -61, not terrible, but lower than what it was an hour ago.