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hmmm...Stocks falling

Posted: Wed Nov 08, 2006 10:42 am
by j
I know it's early, but I'm not surprised to see the downward start this morning. Might as well get used to it folks. :(

Posted: Wed Nov 08, 2006 10:52 am
by Stratosphere747
Surely you are not inferring this because the Dems swept the house and possibly the senate?

I can give you plenty of reasons why the market may fall over the coming months, without being a specific party’s fault.

Posted: Wed Nov 08, 2006 11:04 am
by gtalum
Actually they're well up from their initial fall this morning with the Dow down only 6 points now.

I suspect the uncertainty of the Senate leadership has more to do with it than the Dem takeover. Historically, Wall Street really likes a divided DC. Remember the 1990's, anyone? :D

Posted: Wed Nov 08, 2006 11:12 am
by chadtm80
I figured the market would fall today no matter what happened in the elections.

Posted: Wed Nov 08, 2006 11:14 am
by j
Well -- I was just shooting my mouth is all. Since I posted I have done a little research and the facts seem to contradict what I said. Hard to swallow, but facts are facts. I wonder if it has anything to do with higher inflation? You can dig real deep into figures and argue back and forth.

I think its fair to say however, that the stock market returns drive Presidential elections --- Yes?? Voters feel wealthier when stock prices are high and then vote Republican; when stock prices are low, they vote for Democrats.

Posted: Wed Nov 08, 2006 11:17 am
by gtalum
Sometimes the market just goes down. It's been trending up an awful lot, there are bound to be profit-takers.

A couple points:

1) The market fluctuates.

2) It's not really "down" unless it closes down at the end of the day.

3) Stock market drops are fantastic buying opportunities, not the end of the world.

Posted: Wed Nov 08, 2006 11:19 am
by j
agreed all 3 points

Posted: Wed Nov 08, 2006 11:26 am
by Lindaloo
Gas is going up too.

Posted: Wed Nov 08, 2006 11:30 am
by j
Did you hear about the Doctor who is performing abortions now because the woman are depressed???

Sorry - I know this has nothing to do with this topic.

Posted: Wed Nov 08, 2006 11:57 am
by Pburgh
Lindaloo -------------------------------- :D :D :D FLATULENCE!!!!!!!!!

Posted: Wed Nov 08, 2006 12:01 pm
by j
Pburgh wrote:Lindaloo -------------------------------- :D :D :D FLATULENCE!!!!!!!!!


Not me

Posted: Wed Nov 08, 2006 1:28 pm
by kevin
Holy crap. The democrats are in power, hide the children!!!!

Posted: Wed Nov 08, 2006 1:31 pm
by Brent
kevin wrote:Holy crap. The democrats are in power, hide the children!!!!


:sick: :shocked!:

Posted: Wed Nov 08, 2006 2:38 pm
by gtalum
For what it's worth, all of the major stock indexes are now up for the day.

Posted: Wed Nov 08, 2006 2:48 pm
by Regit
gtalum wrote:For what it's worth, all of the major stock indexes are now up for the day.


My portfolio is having one of its best days of the year. I'm up 3.3%.