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Old 11-07-2012, 01:07 PM   #1
AC2717
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The markest are down today primarily because of comments made by the president of the European Central Bank, not because of the U.S. election results. Wall Street guys are numbers guys, and they could read the writing on the wall from all the extensive polling data available over the last year, and especially as the election got closer. Obama's victory was already factored into the markets.
then why did the coal stocks shoot up on MOnday and Tuesday?
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Old 11-07-2012, 01:27 PM   #2
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then why did the coal stocks shoot up on MOnday and Tuesday?
I'm pretty sure that there were certain sectors that moved before the election based on misjudged predictions, and that there are certain sectors today that are moving based on the actual results, but as I said earlier, today's sell off should not be attributed primarily to the election.
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Old 11-07-2012, 01:37 PM   #3
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Default This explains it!

One of my favorite radio talk show hosts explained it like this:

"You can't vote against Santa Claus".

That explains BO's victory perfectly.
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Old 11-07-2012, 01:52 PM   #4
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One of my favorite radio talk show hosts explained it like this:

"You can't vote against Santa Claus".

That explains BO's victory perfectly.
Maybe if you prefer not to dig a little deeper and figure out what really happened.

A coalition that is based mainly on older, straight white men is an endangered political species. Hopefully the leaders of the Republican party will figure that out. If not, they will keep losing elections.

Also, a party that runs candidates who hold extreme views threatens its viability in other races, up and down the ticket and across state lines. Republican senate candidates Todd Akin and Richard Mourdock in Missouri and Indiana respectively are examples of this. Until Akin opened his mouth in August and talked about "legitimate rape," the Republicans were on track to gain control of the senate. And if Republican moderate Dick Lugar hadn't been beaten in the primary by tea party backed Mourdock (who made his own comments about rape), the Republicans very likely would have held that seat.
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Old 11-07-2012, 04:41 PM   #5
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I'm pretty sure that there were certain sectors that moved before the election based on misjudged predictions, and that there are certain sectors today that are moving based on the actual results, but as I said earlier, today's sell off should not be attributed primarily to the election.
Wrong again! All of the 30 Blue Chips are down today!
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Old 11-07-2012, 05:37 PM   #6
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Wrong again! All of the 30 Blue Chips are down today!
Read what I posted again. I never said that all the DJIA stocks were not down today. The discussion was about why the market is acting the way it is today.
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