What happened to the Stock Market after the election?

Discussion in 'Congress' started by xsited1, Nov 5, 2008.

  1. xsited1
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    xsited1 Agent P

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    Why is the DOW down 486.01 (5.05%)?
     
  2. Article 15
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    Article 15 Dr. House slayer

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    :rolleyes:

    It's been up and down like a yo-yo for how long now?
     
  3. WillowTree
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    WillowTree Diamond Member

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    it's those rich people hiding their money from the brockguy! :lol::eusa_boohoo:
     
  4. Modbert
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    Modbert Daydream Believer Supporting Member

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    Don't tell some of these people that Article.

    Don't you know the stock market is a giant Liberal conspiracy?
     
  5. xsited1
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    xsited1 Agent P

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    Floored: Dow Plunges 486 Points - FOXBusiness.com
     
  6. Truthmatters
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    Truthmatters BANNED

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    Wednesday, November 5, 2008 - 2:37 PM EST
    ADP: Economy lost 157,000 jobs in October




    Payroll company Automatic Data Processing Inc. estimates U.S. employers cut 157,000 jobs in October, the largest decrease in private sector employment in six years.

    The ADP report comes two days before the Labor Department releases its October jobs report, expected to show a similar decline.


    http://www.bizjournals.com/atlanta/stories/2008/11/03/daily60.html?ana=from_rss
     
    Last edited: Nov 5, 2008
  7. Article 15
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    Article 15 Dr. House slayer

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  8. Skull Pilot
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    Skull Pilot Platinum Member

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    just guessing here but people with greatly appreciated stocks sold out and put the proceeds in tax free municipals.
     
  9. DavidS
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    DavidS Anti-Tea Party Member

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    If the stock market acted daily on one or two news stories, we would be in a much better position right now. Unfortunately, there are so many factors hindering the market, a 5% increase on capital gains taxes on all net income over $250,000 two years from now isn't likely something on investors' minds.
     
  10. xsited1
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    xsited1 Agent P

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    My apologies. I should've posted this in the Economy section where there might possibly be more economically savvy people, although this is also tied to the election. This has been an historical indicator that provides insight into how confident investors are with the next round of politicians.
     

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