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Sublime Peach





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  posted on 11/5/2008 at 03:58 PM
.

[Edited on 12/2/2008 by jerryphilbob]

 
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World Class Peach



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  posted on 11/5/2008 at 04:01 PM
I think the key will be how much WS, et al., believes taxes will increase. One key indicator is to look for divestments between now and 31 Dec 08.

 

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Peach Extraordinaire



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  posted on 11/5/2008 at 04:06 PM
If you knew BarryO was going to double your capital gains tax wouldn't you get the hell out too?

Unfortunately, everyday folks like us will just get hosed when it comes time to cash in our investments. In the meantime BarryO "wants" to give us a tax break...

 

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Ultimate Peach



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  posted on 11/5/2008 at 04:12 PM
As much as the market has been up and down with no rhyme or reason over the last few weeks, I doubt we could say that yesterday's vote would be the cause of today.

 

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Peach Master



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  posted on 11/5/2008 at 04:12 PM
market down b/c its back to reality.. recession & credit crisis still out there.

 

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Extreme Peach



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  posted on 11/5/2008 at 04:13 PM
The market has been under “bear” conditions for about a year. Obama has nothing to do with todays pull back. The market was overbought in the short term and was technically set up for a pull back.

Maybe we can blame Obama for the Dow going down from 14,000 to under 9,000 last month too.

 

Zen Peach



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  posted on 11/5/2008 at 04:16 PM
quote:
The market has been under “bear” conditions for about a year. Obama has nothing to do with todays pull back. The market was overbought in the short term and was technically set up for a pull back.

Maybe we can blame Obama for the Dow going down from 14,000 to under 9,000 last month too.

LOL - agreed. Anybody who thought that what happened last night with the elections was going to turn the economy around in less than 24 hours after everything thats happened there the past year is not seeing things clearly.

 

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  posted on 11/5/2008 at 04:17 PM
quote:
The market has been under “bear” conditions for about a year. Obama has nothing to do with todays pull back. The market was overbought in the short term and was technically set up for a pull back.

Maybe we can blame Obama for the Dow going down from 14,000 to under 9,000 last month too.



Why not? The smart money said he had it in the bag then too. Better to get something than nothing.

 

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Peach Master



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  posted on 11/5/2008 at 04:21 PM
I don't think the 'market' was ignorant enough to expect a McCain win so I, like others here, would venture to chalk this up to the recent volatility...not to mention that it was up almost 20% since last Monday's close and was due for profit-taking.

carry on...

 

Extreme Peach



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  posted on 11/5/2008 at 04:22 PM
If you studied ecomomics you would know that the it really does not matter to the markets if the president is a republican or democrat. In fact, the stock market has historically done a little better under a democrat

http://www.blogher.com/who-does-better-investors-republicans-or-democrats

[Edited on 11/5/2008 by LikeToSmoke]

 

Zen Peach



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  posted on 11/5/2008 at 04:31 PM
Election is over, economic problems(worldwide) still exist. No Manna from on high here.

 

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Maximum Peach



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  posted on 11/5/2008 at 04:35 PM
I am sure there is some nervousness associated with whom Obama will choose for positions like Treasury Secretary and other such positions affiliated with the economic crisis. However, in my opinion, today is just a continuation of what we have seen over the past month or so. Don't be surprised to see bargain shoppers tomorrow and the market rally.
 

Sublime Peach



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  posted on 11/5/2008 at 05:20 PM
Did the market tank after Bush was elected? Just curious. I just woud have thought it would have at least stabilized somewhat, not what we got today. It has been a roller coaster and could easily be up 800 tomorrow.
 

Zen Peach



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  posted on 11/5/2008 at 05:24 PM
quote:
quote:
WTF, not quite the Obama bump I was looking for. Good thing I am not a fortune teller.


Wow. Just checking it out. Down 508.


Um, for the past few weeks thats been known as a normal day on wall street.

 

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Zen Peach



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  posted on 11/5/2008 at 05:25 PM
quote:
Did the market tank after Bush was elected? Just curious. I just woud have thought it would have at least stabilized somewhat, not what we got today. It has been a roller coaster and could easily be up 800 tomorrow.


Why would it tank when Bush was elected? The economy was in very good shape as opposed to now.

 

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Universal Peach



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  posted on 11/5/2008 at 05:25 PM
quote:
If you knew BarryO was going to double your capital gains tax wouldn't you get the hell out too?

Unfortunately, everyday folks like us will just get hosed when it comes time to cash in our investments. In the meantime BarryO "wants" to give us a tax break...



______________________________________________________________________
Proving you don't know much about the market either-the market was on pace for it's biggest month ever before today, so, it is just a little profit taking.

 

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Zen Peach



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  posted on 11/5/2008 at 05:27 PM
quote:
Did the market tank after Bush was elected? Just curious. I just woud have thought it would have at least stabilized somewhat, not what we got today. It has been a roller coaster and could easily be up 800 tomorrow.
It's kind of a moot point since there wasn't the same pre-existing economic state at the time Bush was elected (mortgage foreclosure problems, Freddie/Fannie bailout, bank closures and buyouts, stock market which had already taken significant tumble, etc).

 

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Zen Peach



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  posted on 11/5/2008 at 05:42 PM
quote:
quote:
Did the market tank after Bush was elected? Just curious. I just woud have thought it would have at least stabilized somewhat, not what we got today. It has been a roller coaster and could easily be up 800 tomorrow.


Why would it tank when Bush was elected? The economy was in very good shape as opposed to now.


Not first term, he inherited a market on the skids form the Justice Dept's attack on Microsoft.

 

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Zen Peach



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  posted on 11/5/2008 at 06:28 PM
Geez, this information is so readily availabel and easy to find. The market tanked today on reports of a huge job loss for the last month (279,000 +), which was worse than expected, and on poor earnings reports from several sectors. This is a recession, and the bottom is not in sight yet. This has about as much to do with Obama as my sneezing contributes to the rotation of the earth.

 

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Zen Peach



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  posted on 11/5/2008 at 07:05 PM
quote:
Did the market tank after Bush was elected? Just curious. I just woud have thought it would have at least stabilized somewhat, not what we got today. It has been a roller coaster and could easily be up 800 tomorrow.


From 1992-2000, the markets and the economy experienced a period of record expansion. On September 1, 2000, the NASDAQ traded at 4234.33. From September 2000 to January 2, 2001, the NASDAQ dropped 45.9%. In October 2002, the NASDAQ dropped to as low as 1,108.49 - a 78.4% decline from its all-time high of 5,132.52, the level it had established in March 2000.

Lets see Bush elected Nov. 2000 and sworn in Jan. 2001.

 

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Zen Peach



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  posted on 11/5/2008 at 07:17 PM
quote:
quote:
quote:
Did the market tank after Bush was elected? Just curious. I just woud have thought it would have at least stabilized somewhat, not what we got today. It has been a roller coaster and could easily be up 800 tomorrow.


From 1992-2000, the markets and the economy experienced a period of record expansion. On September 1, 2000, the NASDAQ traded at 4234.33. From September 2000 to January 2, 2001, the NASDAQ dropped 45.9%. In October 2002, the NASDAQ dropped to as low as 1,108.49 - a 78.4% decline from its all-time high of 5,132.52, the level it had established in March 2000.

Lets see Bush elected Nov. 2000 and sworn in Jan. 2001.


Coincidence.


just the same as the thread title

 

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