hmmm...Stocks falling

[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.

[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.

[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?

[chadtm80]

I figured the market would fall today no matter what happened in the elections.

[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.

[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.

[j]

agreed all 3 points

[Lindaloo]

Gas is going up too.

[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.

[Pburgh]

Lindaloo -------------------------------- FLATULENCE!!!!!!!!!

[j]

Lindaloo -------------------------------- FLATULENCE!!!!!!!!!

Not me

[kevin]

Holy crap. The democrats are in power, hide the children!!!!

[Brent]

Holy crap. The democrats are in power, hide the children!!!!

[gtalum]

For what it's worth, all of the major stock indexes are now up for the day.

[Regit]

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%.