DJI and others worldwide hit one-month high when Obama announced economic plans

[Eeezee]

http://www.bloomberg.com/apps/...=aBdLkZwfqelg&refer=us

It appears Wallstreet trusts Obama after all. What now?

 

[TallBill]

:roll: This has been one of the most volatile months in a while. Maybe all the fraidy cats were just done selling?

 

[frostedflakes]

Yes, that's why steel and other industries that would benefit from large infrastructure projects saw significant gains...

 

[Eeezee]

Originally posted by: TallBill
:roll: This has been one of the most volatile months in a while. Maybe all the fraidy cats were just done selling?

A 200+ jump? Unlikely, even with market volatility. If you've been paying attention at all, all other 100+ bumps in the market for the past several months have been due to some piece of good news.

 

[cubby1223]

Originally posted by: Eeezee
http://www.bloomberg.com/apps/...=aBdLkZwfqelg&refer=us

It appears Wallstreet trusts Obama after all. What now?

Really? What now? I don't recall exactly which appointee in particular it was - when Obama was announcing some cabinet positions, the Dow Jones soared... only to nose-dive again in the following days.

Your statement is not fact. So "what now"? We wait and see what happens the rest of this week.

 

[cubby1223]

Also don't forget the markets tanked over the two days after Obama won election. Lost 10% of its value.

Hey, if you're going to play this game, let's just make sure we include everything.

 

[Slew Foot]

Originally posted by: Eeezee

Originally posted by: TallBill
:roll: This has been one of the most volatile months in a while. Maybe all the fraidy cats were just done selling?

A 200+ jump? Unlikely, even with market volatility. If you've been paying attention at all, all other 100+ bumps in the market for the past several months have been due to some government handout plan.

fixed

 

[herm0016]

correlation =/= causation.

 

[soccerballtux]

Originally posted by: cubby1223
Also don't forget the markets tanked over the two days after Obama won election. Lost 10% of its value.

Hey, if you're going to play this game, let's just make sure we include everything.

This.

 

[mooseracing]

Originally posted by: cubby1223
Also don't forget the markets tanked over the two days after Obama won election. Lost 10% of its value.

Hey, if you're going to play this game, let's just make sure we include everything.

We wouldn't want to include everything, then we would have to face reality.

 

[cubby1223]

So the dow jones is down over 200 points today. Seems Wall Street does not trust Obama's plans on environmental issues. What now?

(I'm sorry, any time I see Al Gore all I can think about is Manbearpig )

 

[Genx87]

Originally posted by: cubby1223
So the dow jones is down over 200 points today. Seems Wall Street does not trust Obama's plans on environmental issues. What now?

(I'm sorry, any time I see Al Gore all I can think about is Manbearpig )

Looks like the OP's theory just went up in a ball of flames. Such a shame because it was so well thought out.

 

[woodie1]

Originally posted by: mooseracing

Originally posted by: cubby1223
Also don't forget the markets tanked over the two days after Obama won election. Lost 10% of its value.

Hey, if you're going to play this game, let's just make sure we include everything.

We wouldn't want to include everything, then we would have to face reality.

Reality - now that is scary.

 

[KevinH]

Originally posted by: cubby1223
So the dow jones is down over 200 points today. Seems Wall Street does not trust Obama's plans on environmental issues. What now?

(I'm sorry, any time I see Al Gore all I can think about is Manbearpig )

I'm an Obama supporter but the OP's complete lack of any knowledge of the volatility of the market in recent months is mind-bogglingly embarrassing.


As stated earlier, correlation is NOT causation. In this instance, the two are so incredibly distinct it'd take a monumental effort just to connect them.

Let's just be very clear. There have been phenomenal gains and phenomenal losses since the president elect was named. In fact, the one day biggest lost since the Great Depression I believe, occurred in the last few weeks.

Volatility is the name of the game. Get used to it for a long time.