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DJI DOWN 300 points... A Message??

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Old 11-07-2012, 08:07 AM
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Stock Market Cheers Obama Victory!
By dumping 200 points at the opening bell?

MarketWatch - Stock Market Quotes, Business News, Financial News

Gold is up too I see. This is a good thing right?
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Old 11-07-2012, 08:08 AM
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Both gold and silver spiked when the election got called last night...Now correcting.

http://www.kitco.com/charts/livegold.html

I suspect that there's going to be a run on lead too, if you catch my drift.
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Old 11-07-2012, 08:14 AM
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Old 11-07-2012, 08:15 AM
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The fiscal cliff, it is coming into focus.
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Old 11-07-2012, 08:53 AM
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What happened last time obama was elected?
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Old 11-07-2012, 09:04 AM
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Don't worry, when the Stock Market opens up with huge down numbers it usually corrects the other way later on.

At 11:01 EST it's now down 299 points so I forecast it going UP at least that amount this afternoon.

If the stock market ends the day UP, even a half point, I will rep everyone in this thread!
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Old 11-07-2012, 09:22 AM
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DJI DOWN 300 points... A Message??
12,942.07 -303.61 (-2.29%) Real-time: 11:20AM EST 11/7/12
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Old 11-07-2012, 09:31 AM
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12,908.02 -337.66 (-2.55%)
Real-time: 11:30AM EST 11/7/12
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Old 11-07-2012, 09:32 AM
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12,883.24 -362.44 (-2.74%)
Real-time: 11:31AM EST
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Old 11-07-2012, 09:35 AM
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And if Romney had been elected a 600 point swing would have occurred, i.e. instead of losing 300 the DJI would be UP 300!

But because Romney and others like me couldn't BELIEVE people were THAT stupid to re-elect Obama We are NOT seeing the end of the decline of the USA!
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Old 11-07-2012, 09:36 AM
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Wall Street loves QE. O will stuff their pockets.
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Old 11-07-2012, 09:38 AM
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There is some fiscal cliff fear in the market right now.

As Obama policies continue to drive the Fed to use QE and destroy the dollar, that is actually stimulative to stocks as what is left of American industry is considered a relative save haven against holding a devalued currency.
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Old 11-07-2012, 09:38 AM
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Eur. Central Bank.
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Old 11-07-2012, 09:38 AM
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Stocks Plunge on Obama's Re-election
Election over, US stocks dip on challenges to come | Comcast

The election behind them, U.S. investors dumped stocks Wednesday and turned their focus to a world of problems — economically harmful tax increases and spending cuts at home and a deepening recession in Europe.

The Dow Jones industrial average plunged as much as 245 points in the first hour of trading, and the Standard & Poor's 500 index fell as much as 27, or 1.6 percent. Energy companies and bank stocks took big losses.

Stocks seen as benefiting from President Barack Obama's decisive re-election rose. They included hospitals, free of the threat that a President Mitt Romney would have sought to roll back Obama's health care law, and renewable-energy companies.

Just as predicted, It has begun, tick-tock-tick tock ,top ramen anyone ?......
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Old 11-07-2012, 09:39 AM
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It is mainly due to the fiscal cliff, the possibilities of increased taxation, and the belief that nobody is capable of doing anything about it.

I see this from a different perspective as well--If Romney would have won, there was no guarantee that the Fiscal cliff would be resolved so an Obama win helped investors keep their money.
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