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the stock market - 10/20/2008 1:34:58 PM

snappykappy

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what will be the dow be the day before the election
the day of the election
the day after the election

the day before 10100
the day of 10250
the day after 8900

< Message edited by snappykappy -- 10/20/2008 1:36:06 PM >

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RE: the stock market - 10/20/2008 1:36:38 PM

JustDarkness

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this should propably be in the offtopic section ;)
unless you mean stockings ;)

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RE: the stock market - 10/20/2008 2:46:33 PM

servantforuse

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I think it depends on who wins. Obama is not a friend of business, big and small. The market goes down if he gets in..

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RE: the stock market - 10/20/2008 2:49:23 PM

Steponme73

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The market I don't think will be in the 10000 range by the election. If Obama gets elected it will go down. He is not a friend to business, he wants to "spread the wealth around". That means he wants more people on unemployment and welfare drawing big fat checks from the government and not having to work for it....

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RE: the stock market - 10/20/2008 2:50:30 PM

slvemike4u

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quote:

ORIGINAL: servantforuse

I think it depends on who wins. Obama is not a friend of business, big and small. The market goes down if he gets in..

Well they have had a friend (big business) for the last 8 years...and the system crashed...care to explain that to me.

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RE: the stock market - 10/20/2008 4:09:42 PM

corysub

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The market action the day after the election obviously depends on who wins the Presidency, as well as the majority in Congress achieved or not achieved by Pelosi and Reid.

If McCain wins, there should be an initial surge of 10-15% over a couple of week, and than settle down and trade in line with economic/business/political events at that time.

If Obama wins...the market will sell of huge, and any rally will an opportunity for investors to sell. Unless someone has a 40 IQ (I understand Barrack has a 130), everyone knows that not only is the democrat party not "corporate friendly", feeling that Big Government has all the answers to our problems and not private enterprise, and Obama is far to the left of even the leftist leaning Congress.

It might be an idea to buy a "straddle" on the market now....the initial market volatility will be so great no matter who wins that you could make money on both the puts and calls...Nothing would surprise me these days...except we are all going to be surprised!

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RE: the stock market - 10/20/2008 4:17:19 PM

corysub

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quote:

ORIGINAL: slvemike4u

quote:

ORIGINAL: servantforuse

I think it depends on who wins. Obama is not a friend of business, big and small. The market goes down if he gets in..

Well they have had a friend (big business) for the last 8 years...and the system crashed...care to explain that to me.

Actually, the "system has not crashed"..yet! The stock market has been a disaster, and business is slow..but, to put it in perspective, the unemployment rate is around 6% in the country and, I believe, got to around 25% after the crash and resultant depression that followed. The program Bush and the Congress recently improved has given us a shot at least to stem off a real disaster in the economic system of the country.

The unemployment rates for adult men (6.1 percent) and blacks (11.4 percent) rose in September. The jobless rates for teenagers (19.1 per- cent), whites (5.4 percent), and Hispanics (7.8 percent) were essentially unchanged.
I don't know what the numbers would be excluding teenagers, but I know I let go 30% of the teens working for me due to the high minimum wage required to be paid to kids with no experience, and just working to pick up a check they can spend at the Gap...or wherever..

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RE: the stock market - 10/20/2008 4:42:41 PM

Musicmystery

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McCain has no economic plan, and the plans that he does have are based on the "magically appearing" funding policy that has guided us so well for the past eight years.

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RE: the stock market - 10/20/2008 5:37:02 PM

LookieNoNookie

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quote:

ORIGINAL: Musicmystery

McCain has no economic plan, and the plans that he does have are based on the "magically appearing" funding policy that has guided us so well for the past eight years.

(I can't believe I'm saying this but....I agree with MM).

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