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Overnight S&P 500 stock index breaks after Kerry named winner by several media instant polls
Bloomberg TV

Posted on 09/30/2004 8:17:23 PM PDT by ElRushbo

If there is any doubt what a Kerry win would mean to the investor class, you only have to look at the immediate 3 point break in the Overnight S&P 500 trade. The market broke 3 full points as soon as the media instant polls were reported showing a win for Kerry


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To: ElRushbo

Do you mean S&P futures?


61 posted on 10/01/2004 9:40:11 AM PDT by ampat
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To: Grampa Dave
Check this headline out... you old goat: (grin)

12:44 S&P: September dividend increases rise 32.5% from 2003

62 posted on 10/01/2004 9:48:40 AM PDT by SierraWasp (I'm gittin as mad at the CA Republican Party as Zell is at his!!! In fact, I'm madder than ZELL!!!)
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To: AndyTheBear

As you know by now, the S&P is up strongly today (16 points already); 3 points was a blip and a sell-the-news reaction.

I heard somewhere that a Kerry win would be good short-term for the market. The reasons: probable reduction in costs to nation of waging wars; resumption of an unapologetic big-government / big-spending regime.

Yes, Bush has grown government a lot (and that's not good). But Kerry would usher into power a whole legion of people pushing for government participation in the economy; these new projects would lubricate and "benefit" big business, to everyone else's long-term detriment.

Vote Bush.


63 posted on 10/01/2004 9:49:51 AM PDT by Tax Government (Please visit and join STOMP, http://stomp4victory.org/stompcontents/join)
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To: ElRushbo

< sigh >


64 posted on 10/01/2004 9:50:51 AM PDT by Guillermo (Only morons think the stock market changes because of day to day Presidential politics)
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To: Eva

Ping me if you hear anything, I hope that he does this. I will be out for the rest of the day. Could be good news.


65 posted on 10/01/2004 10:14:39 AM PDT by Irish Eyes
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To: ElRushbo

Care to comment?


66 posted on 10/01/2004 11:41:18 AM PDT by OldFriend (It's the soldier, not the reporter who has given US freedom of the press)
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To: OldFriend; Grampa Dave
"Care to comment?"

Well... since he won't, I will post the following headline:

2:45 285 stocks hit 52-week highs on NYSE; 14 52-week lows

67 posted on 10/01/2004 11:50:55 AM PDT by SierraWasp (I'm gittin as mad at the CA Republican Party as Zell is at his!!! In fact, I'm madder than ZELL!!!)
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To: sarasota

Did I hear correctly?
The Dow was up triple digits?
Hmmm.
I guess we know who won afterall.


68 posted on 10/01/2004 11:53:34 AM PDT by mabelkitty (Troll-Patrol! You've been warned.)
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To: Colonel_Flagg; Grampa Dave; Dog Gone
"I like my news from reputable sources. What do you expect DNC-BS to say?"

Oooooooo... I like that DNC-BS!!!

69 posted on 10/01/2004 11:55:30 AM PDT by SierraWasp (I'm gittin as mad at the CA Republican Party as Zell is at his!!! In fact, I'm madder than ZELL!!!)
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To: SierraWasp

That's a name that could stick.


70 posted on 10/01/2004 11:57:04 AM PDT by Dog Gone
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To: mabelkitty

You heard it right. We're definitely right where we were yesterday...and Kerry's still a 9.10 kind of a guy.


71 posted on 10/01/2004 12:39:21 PM PDT by sarasota
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To: Dog Gone; Grampa Dave; Southack; Ernest_at_the_Beach; tubebender
Bush lead slips in electronic markets
Traders still laying long odds on president's re-election

By Rex Nutting, CBS.MarketWatch.com Last Update: 4:02 PM ET Oct. 1, 2004

WASHINGTON (CBS.MW) - Traders in political futures in two electronic markets are still betting big that President Bush will be re-elected, but his lead slipped Friday following his debate with Democratic challenger John Kerry.

Bush's prospects had soared on Intrade and the Iowa Electronic Market in the past month as Kerry fought off attacks on his military career and judgment about Iraq. Intrade saw odds of a Bush victory surpass 2-to-1 and the Iowa market odds exceeded 3-to-2..

On Friday, Bush popular-vote contracts on Intrade -- an Irish electronic market also known as Trade Sports -- fell two points to 60. Kerry popular-vote contracts were unchanged at 40.

On the Iowa Electronic Market at the University of Iowa, two Bush winner-takes-all contracts slipped to 62 on Friday from 68.4 a day earlier. The two Kerry contracts rallied to 38 from 32.5. On Tuesday, Bush contracts were selling for 70.

"Trading volume was extremely high over the last few days, indicating that traders see the debates as providing new information about the candidates," said Joyce Berg, the Iowa market's co-director and associate professor of accounting at the university.

Prices on the contracts in the two markets roughly correlate with the perceived odds of the candidate winning the national popular vote.

A separate contract at the Iowa market shows Bush's share of the vote now projected to be 51.5 percent, down from 53 percent on Thursday, with Kerry rising to 48.4 percent from 47 percent. This market is designed to project the actual share of the vote each candidate wins.

The Iowa market has predicted the winner of the popular vote over the past four elections within 1.37 percentage points on average, the university says.

The Iowa Electronic Market was founded in 1988. About 2,900 traders are involved in this year's political market, about three-fourths of them students, with $300,000 invested, said George McCrory, a spokesman for the market.

The Intrade market is vastly larger, but doesn't have the long track record that Iowa has.

The separate Bush electoral-vote contract on Intrade rose by 0.7 points to 65.2 on Friday, while Kerry's electoral vote contract rose by 0.3 points to 35.8. The market shows that traders believe the odds of a Bush victory are about 2-1.

Intrade also gives investors an opportunity to trade on each state's electoral votes. Bush futures fell slightly in battleground states of Colorado, Florida, Missouri, New Hampshire, Ohio, West Virginia and Wisconsin, but he's still projected by traders to win all those states.

Bush gained some ground in Michigan, but is still expected to lose there.

72 posted on 10/01/2004 1:17:52 PM PDT by SierraWasp (I'm gittin as mad at the CA Republican Party as Zell is at his!!! In fact, I'm madder than ZELL!!!)
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To: SierraWasp

Thanks for the good news re dividends.

Remember all of the Girlie Gloomers and Doomers on Free Republic laughing at the dividends when GW pushed them through. I didn't laugh then, but everytime I get some great dividends, I laugh at their Girlie Stupidity.

The way as predicted on this thread, the S&P had a great day>OOOPs the predication was a downer day due to the terrible performance by GW last night. The market knew it.

Well here is how the S&P 500 index closed today:

S&P 500 SP500 10/1/2004
4:12:41 PM 1,131.50 +16.92 +1.52%

It went into the tank for a 1.52% increase.


73 posted on 10/01/2004 1:17:57 PM PDT by Grampa Dave (When will the ABCNNBC BS lunatic libs stop Rathering to Americans? Answer: NEVER!)
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To: Grampa Dave; Dog Gone
Well, the Wilshire 5000 "Total Market" Equity Index was up exactly 1.5% at around 11,058!!! This inspite of oil closing at over $50/barrel today. Something's UP!!!

Not everybody's buying into Kerry's blubbering bull spit, that's for sure!!!

74 posted on 10/01/2004 1:24:43 PM PDT by SierraWasp (I'm gittin as mad at the CA Republican Party as Zell is at his!!! In fact, I'm madder than ZELL!!!)
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To: SierraWasp

LOL......interesting that FR was infiltrated with trolls and doomsayers last evening. It was the worst night on FR, ever!


75 posted on 10/01/2004 1:35:50 PM PDT by OldFriend (It's the soldier, not the reporter who has given US freedom of the press)
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To: Tax Government
There is more going on in the market then the Presidential race, and more going on in the Presidential race then the debates.

The smart money still thinks Bush will win. Kerry needed to change the dynamics, and he didn't.

76 posted on 10/01/2004 1:39:59 PM PDT by AndyTheBear
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To: sarasota

"Fox has been reporting time and time again that a Kerry win will be a disaster for the markets. Don't people hear this anywhere else?"

I frequently listen to the Bob Brinker financial show and he agrees that Bush's economic plan is good and Kerry's plan would just mess things up. He feels the tax cuts were a good thing and raising taxes for the wealthy is just a feel good for the poor and mid class.

Bob B. seems very nonpartison and I beleive he is not interested in the politics.


77 posted on 10/01/2004 1:46:48 PM PDT by jaydubya2 (Long time Listener, First time caller)
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To: OldFriend; Carry_Okie; farmfriend; calcowgirl

I know! It was enough to gag a maggot!!! The only prior time I can remember having been that bad on FR was during CA's historic Recall election and the out-right abandonment of the only righteous conservative in the field for a swingin celebrity who has already violated most of what he stated a Republican "is" at the latest Republican Convention!!!


78 posted on 10/01/2004 3:25:49 PM PDT by SierraWasp (I'm gittin as mad at the CA Republican Party as Zell is at his!!! In fact, I'm madder than ZELL!!!)
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To: SierraWasp

HAPPY BIRTHDAY........and your commentary made it feel like it was my birthday.


79 posted on 10/01/2004 4:40:53 PM PDT by OldFriend (It's the soldier, not the reporter who has given US freedom of the press)
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To: jaydubya2
Brinker has been saying that Bush has been a disaster for the country. The debt the debt the debt and the debt some more.

I no longer listen unless Larry Kudlow is filling for Brinker.

80 posted on 10/01/2004 4:43:43 PM PDT by OldFriend (It's the soldier, not the reporter who has given US freedom of the press)
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