looks like wall street is punishing america for choosing Obama. dow... -302

[spanone]

time for some prosecutions

[cilla4progress]

1. those f****ers

it'll come back ...

[Coyotl]

2. no correlation, I'm sure

The market does that all the time. It takes a much larger movement to be significant.

[Kolesar]

5. 289 points. What is that 2%?

Maybe earnings or European headlines are the story

[still_one]

3. Forget wall street. They are just a manipulated casino, who will NOT be able to get your Social

Security, which I suspect is the main reason they are down

[Jackpine Radical]

7. They might also have some vague fear of a tightening of regulation.

Probably an unfounded fear, actually, what with a Republican House.

[still_one]

29. We still have too big to fail

[JDPriestly]

39. Taking capital gains before the tax code is changed?

[liberal_at_heart]

4. I don't even care

After 2008 average Americans stopped being able to invest in the stock market anyway. Some don't even want to if they can afford it. You can't trust it anymore. It's rigged for the wealthy. I have a little money in it but not enough to care if it goes down a little today. With Obama in office for another 4 years maybe we will begin to get back to a point where average Americans can invest in the stock market again if they chose to.

[OKNancy]

16. that's not true

I'm a little person. Sold a house, invested in low cost mutual funds.. earning 8 to 15 % ytd. A lot better than a savings account.

[liberal_at_heart]

25. the majority of Americans are not investing right now

Have you read the statistics on how little Americans are saving for retirement right now? Most will not be ready. I'm in my late thirties. I don't have near what I'm suppose to have and have stopped making contributions. I hope I can start again in the future but right now I'm too busy paying rent, insurance bills, doctor bills, and buying food and gas.

[marmar]

6. .... and Elizabeth Warren.

nt

[Jackpine Radical]

15. That's it!

I'm sure you're right, now that you point it out.

[Jackpine Radical]

44. OK, I was wrong twice in the same thread.

It's Europe.

[global1]

8. Is The Market Reacting To An Obama Win Or The Statements By McConnell & Boehner That They Will....

keep stonewalling and keep us in gridlock?

[spanone]

10. good question

[jschurchin]

9. It has nothing to do with the election.

You need to look no farther than the comments made this morning by Mario Draghi about the financial situation in Europe.

http://www.zerohedge.com/news/2012-11-07/mario-draghi-sends-risk-reeling-after-exposing-bitter-european-truth

[MANative]

24. This... ^^^^^^ n/t

[OKNancy]

11. has little to do with the election... It's Europe

there are negative growth reports.. US banks stocks are taking a hit, but it will last a week, and even out.

[OhZone]

12. It'll probably be double what it is today by the end of Obama's term.

If Romney had won, it would probable have crashed by the end of his term.

[DanTex]

13. It's not about Obama, it's about Europe.

[Zoeisright]

14. Who the fuck cares?

[notadmblnd]

17. the rich are pissed.

they couldn't buy themselves a president

[madrchsod]

18. -302 is`t that bad considering europe is ill and china is undergoing change

[liberal_at_heart]

32. yeah I heard a couple of days ago that there was bad news

regarding Europe. The market just wasn't reacting to it. It was probably waiting to see if Romney won. Wall Street and big business was hoping for a Romney presidency, but I do suspect at least some of this if not a lot of it is due to Europe.

[Warpy]

19. These are sour grapes Republicans shooting themselves in the foot

because they believed all the bullshit and think Wall Street is doomed. That's part of it. The other part is that the dollar is up today, so foreign investors are taking profits. Dollar up, market down; dollar down, market up; that's been the pattern for some years now.

Some of that money is going into commodities. There was a large infusion into oil today.

[Light63]

20. IS IT WALLSTREET OR ...

THE BILLIONAIRES ARE SELLING OFF THEIR STOCKS TO MAKE OBAMA'S RE-ELECTION LOOK BAD?

[ChisolmTrailDem]

22. Neither, it's about the situation in Europe, as has been stated a couple of

times already in this thread. You must not have read the thread.

[wishlist]

21. Glad they waited till today instead of before election

I was on pins and needles the past few weeks fearing that market players would cause a big selloff, possibly hurting Obama's chances. I have heard over 90% of the time incumbent's have been reelected when the market is higher on election day than it was on Labor Day and the market was up yesterday over Labor Day.

Some stocks will do better under Obama so things should settle out after a readjustment period.

At least oil and gas came down again today which helps the average American's budget. I need to buy a tank of heating oil so it helps me, but I do sympathize with those who have market investments.

[PowerToThePeople]

23. let em drop it.

When (hopefully) the middle and lower classes get a boost, we can purchase the country back on the cheap.

[Zax2me]

26. And Chris Matthews isn't helping - say it ain't so, Chris!

I'm so glad we had that storm last week -
http://now.msn.com/chris-matthews-msnbc-news-host-says-storm-sandy-good-for-politics

[Z_California]

27. The big money knew...

...Obama was winning. Those guys understand math. It's the Fox informed investor class who are creating buying opportunities today. Thanks guys.

[farmbo]

28. Wall Street Dandies throwing tantrums...

...with other peoples' money. LOL!
These guys are creepy.

Now watch as the serious buyers come in this afternoon to sweep up the bargains.

[leftyohiolib]

30. it is b/c of this president's policies that wall street is up to where it is

-302 is nothing compared to where it was when little-bushie was shoo'd away

[Bragi]

31. Hey Koch Brothers! How's your day going so far?

This morning's market movement suggests some particularly dumb Wall Streeters as of yesterday had factored a Romney win into prices, and now that Obama has won, they are selling off at reduced prices.

If so, they are dumb fucks. I think it's likely that what we're seeing right now are angry, stupid small-investor ideologues selling off stuff because they're in a huff. This makes whatever they're selling attractive to smarter buyers.

I would expect therefore that the market will recover these losses later today, or soon thereafter.

I love the smell of right-wing fear in the morning.

- B

[dawg]

33. I hope it gets worse. It would be a good opportunity ...

for smart investors like Warren Buffett, George Soros, and ...um ... dawg, to swoop in and purchase shares of good companies at a discount. I like to buy things on sale.

[RagAss]

38. Yup...."Buy when there's blood on the streets. Sell when they're dancing in the streets."

someone said that once.

[coalition_unwilling]

34. For those who still play the market, today is a wonderful opportunity to

buy high-quality stocks and low-cost mutual funds at a 1-2% discount. Apple has fallen about 15% off its all-time high of $700/share, for example, but is down another 3% today for no material reason that I can see other than that Capital has gone on strike. But does anyone here doubt any longer that Apple as a brand and cash generator has staying power and solid growth prospects?

The DOW doubled, yes DOUBLED, from 2009-2012. So Capital's little fit of pique today needs to be placed in a larger, longer-term context.

Unless you think that we are heading into another recession (most economists do not), there's good reason to diversify into stocks. And today there's a one-day sale. When the capitalists are selling is when we liberals should be buying (and, to a lesser but still significant extent, vice versa).

[JPK]

35. Sell off......

They're just taking their profits and today's news is a good excuse to do it. Be back up in a couple of days.

[MichDem10]

36. CALM DOWN!! This has more to do with Europe's debt problems.

[B Calm]

37. Should have been some prosecuting 4 yrs ago!

[Ellipsis]

40. Bank Stocks n/t

[slutticus]

41. Relax, it's just some stocks going on sale :P

[onenote]

42. Prosecutions for what?

Large swings by the markets (including swings that in percentage terms are greater than what's happening today) aren't uncommon. And who exactly are you going to prosecute?

[ProudToBeBlueInRhody]

43. It's all about Europe today

Otherwise this would have been a good day....Wall Street likes stability and a clear winner regardless of party.