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CajunTigerBabe 
LSU Fan
Lafayette
Member since Sep 2012
206 posts
| Dow is down over 300 Points (Posted on 11/7/12 at 11:11 am)
I guess the financial industry didn't like the election results.
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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
263 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 11:13 am to CajunTigerBabe)
Questions about tax hikes at the end of the year and cuts in government spending leave a lot of uncertainty in the market
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Ray Finkle
LSU Fan
collier county
Member since Sep 2007
829 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 11:19 am to CajunTigerBabe)
I have a people a ton of selling is about to happen. Cap gains taxes are never going to be this low again. There will be at least a 3.8% increase to pay for part of the Obamacare program.
This'll put even more cash on the sideline and hurt the market more.
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CajunTigerBabe
LSU Fan
Lafayette
Member since Sep 2012
206 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 11:49 am to Ray Finkle)
Interest rates are going down. I guess everyone will be able to buy a house for free now!
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OFWHAP
LSU Fan
Member since Sep 2007
4358 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 12:38 pm to LSUTOM07)
quote:
Questions about tax hikes at the end of the year and cuts in government spending leave a lot of uncertainty in the market
In addition the divided government will make the fiscal cliff harder to deal with.
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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
17402 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 12:45 pm to CajunTigerBabe)
Meh. It's a 2% sell off for a major event finally happening. "buy on rumor, sell on news". That is all that is occuring. I'll take a friendly wager that it is back to Tuesday's close in less than 30 days.
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Larry Hollins
LSU Fan
Member since Jul 2009
1545 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 12:49 pm to OFWHAP)
Europe is the big problem here guys. its getting worse. U.S. President and congress can't fix that.
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Janky
LSU Fan
Team Primo
Member since Jun 2011
2515 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 12:53 pm to Larry Hollins)
quote:
U.S is the big problem here guys. its getting worse. U.S. President and congress can't fix that.
FIFY
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OFWHAP
LSU Fan
Member since Sep 2007
4358 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 1:06 pm to Larry Hollins)
This is true, but the President and Congress need to come together and fix these automatic spending increases and expiring tax cuts that will put a nice little dent in our GDP growth (which will then put a dent in tax revenue).
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Jed Zeppelin
Ball State Fan
Maurice
Member since Feb 2010
761 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 2:21 pm to C)
C, I unloaded 300 shares of Apple today. I cant take the pain any longer. I still have 200. It has been getting smoked lately, and thats in my retirement account. Hope you are right about the market coming back by next week. 
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fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
11187 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 2:50 pm to Jed Zeppelin)
The only two stocks I own are Yahoo and GG. Picked up yahoo back in Sept, been adding GG the pass couple years buying on it's dip and I have a shite load of it. But I'm real good on both.  I will be dumping everything before the end of the year.
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115678 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 2:59 pm to fishfighter)
I picked up 145 shares of an aggressive Nasdaq ETF after it fell off about 8% early in the trading day
I'm going to sit on it for a few weeks and make a cheap buck hopefully
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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
17402 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 3:02 pm to Jed Zeppelin)
quote:
Hope you are right about the market coming back by next week
Man never bet on me! I'm making no long term projections, just that I doubt there has been a major change in market conditions. The same president. The same congress. And all the polls were pointing toward an Obama win (despite what many including myself thought may have been biased)
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Jed Zeppelin
Ball State Fan
Maurice
Member since Feb 2010
761 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 3:28 pm to C)
quote:
Man never bet on me!
 Na, just respect your opinion on some things on the board.
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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
17402 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 3:37 pm to Jed Zeppelin)
quote:
just respect your opinion on some things on the board.
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Icansee4miles 
New Orleans Saints Fan
Trolling the Tickfaw
Member since Jan 2007
12411 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 4:19 pm to CajunTigerBabe)
Anybody surprised by this wasn't paying attention. The markets MIGHT come back up once BHO resumes the overtime operations of the government printing presses, but once he shows his true colors with an all-out war on the energy and petrochemical sector and anyone else producing a product, we are in for a really bad time of it.
(Disclaimer-by "we" I mean people that actually work for a living and not on the government dole)
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BennyAndTheInkJets 
Arkansas Fan
NYC
Member since Nov 2010
2806 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 4:29 pm to Icansee4miles)
quote:
The markets MIGHT come back up once BHO resumes the overtime operations of the government printing presses, but once he shows his true colors with an all-out war on the energy and petrochemical sector and anyone else producing a product, we are in for a really bad time of it.
The Federal Reserve prints currency. The Treasury issues debt.
The Fed =/= Government.
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kywildcatfanone 
Kentucky Fan
Wildcat Country!
Member since Oct 2012
6473 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 8:05 pm to CajunTigerBabe)
quote:
Dow is down over 300 Points
Obama's America.
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Blakely Bimbo 
Alabama Fan
Member since Dec 2010
754 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 8:52 pm to CajunTigerBabe)
I don't think it was the election as much as EUR/USD. Market started tanking about the time Draghi Spoke this morning and the Euro fell.
Could be some cap gains selling although we did ours months ago.
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dewster 
Maryland Fan
TN
Member since Aug 2006
4431 posts
| re: Dow is down over 300 Points (Posted on 11/7/12 at 10:12 pm to CajunTigerBabe)
What's the best way to prepare for the "fiscal cliff"? I just don't see compromise happening.
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