Anyone have the running total of the market success we've had since the election | TigerDroppings.com
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TJG210
LSU Fan
New Orleans
Member since Aug 2006
22877 posts

Anyone have the running total of the market success we've had since the election

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buddhavista
Member since Jul 2012
3543 posts

re: Anyone have the running total of the market success we've had since the election
most of the stock market decline is related to europe and the fiscal cliff.

Neither of these are directly related to obama's election. The fiscal cliff would have still existed if Romney won. And same with europe.


TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
17264 posts

re: Anyone have the running total of the market success we've had since the election
wn 6.5% in 9 days.

That yields an annualized rate of -91%.

If this were to continue, the down would be at around 1200 at this time next year.



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DeltaDoc
LSU Fan
The Delta
Member since Jan 2008
9724 posts

re: Anyone have the running total of the market success we've had since the election
quote:

Neither of these are directly related to obama's election.


I think that statement is too broad...


buddhavista
Member since Jul 2012
3543 posts

re: Anyone have the running total of the market success we've had since the election
quote:

I think that statement is too broad...


care to clarify? I think a sell off happens regardless of who is elected b.c of europe. And same for fiscal cliff.

Romney election might have been less of a sell off. But how much less? No one can say.


Janky
LSU Fan
Team Primo
Member since Jun 2011
9978 posts

re: Anyone have the running total of the market success we've had since the election
quote:

I think that statement is bullshite...


FIFY


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LSURussian
LSU Fan
Member since Feb 2005
85143 posts

re: Anyone have the running total of the market success we've had since the election
quote:

most of the stock market decline is related to europe and the fiscal cliff.


So no one knew before the election that Europe was going downhill or the fiscal cliff was coming? Only on November 7th did people realize those two problems were here?


50Mullets
LSU Fan
A more civilized age
Member since Oct 2012
1433 posts

re: Anyone have the running total of the market success we've had since the election
quote:

most of the stock market decline is related to europe and the fiscal cliff.



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Mike da Tigah
St. Denham Rougeville
Member since Feb 2005
41364 posts

re: Anyone have the running total of the market success we've had since the election
quote:

most of the stock market decline is related to europe and the fiscal cliff.

Neither of these are directly related to obama's election. The fiscal cliff would have still existed if Romney won. And same with europe.


The man who attached rockets to the fiscal cart approaching the cliff is most respnsible for it, not as much in the reelection, but certainly in the first election where he racked up 6 Trillion more in only 4 years. The reelection fallout in the market is due to all hope being lost and the course being set for Democrats make big talk about the cliff while doing nothing to curb spending habits and handouts, yet taxing the shite out of employers to pay for the lifestyle so many are accustomed to, compounded with rising unemployment as a result of both it and Obamacare.



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buddhavista
Member since Jul 2012
3543 posts

re: Anyone have the running total of the market success we've had since the election
quote:

So no one knew before the election that Europe was going downhill or the fiscal cliff was coming?

a) there was a shite ton of news dropped on the 6th and 7th
b) the markets might have been reacting to the fact that we have the same as before, where we couldn't come to agreement. Might have been different if romney had won OR dems had won the house.
c) the polls showed obama winning since the summer. This board might have been in denial, but I would hope that traders would look at math.



NC_Tigah
LSU Fan
Member since Sep 2003
56177 posts
Online

re: Anyone have the running total of the market success we've had since the election
quote:

I think a sell off happens regardless of who is elected b.c of europe
Doubtful. Very doubtful.


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doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
7378 posts

re: Anyone have the running total of the market success we've had since the election
The facts are the facts, the market has dropped an appreciable amount since Tuesday's election.

It's not hard to afix blame here, despite what Obama defenders say.

We all know it was Bush's fault.


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DeltaDoc
LSU Fan
The Delta
Member since Jan 2008
9724 posts

re: Anyone have the running total of the market success we've had since the election
quote:

Romney election might have been less of a sell off. But how much less? No one can say.


I think it is pretty clear among business leaders that most felt Romney was better suited to handle the economy. This is true not just among US business leaders, but European as well.

That being the case, and in view of Europe's direct and indirect dependence on a healthy US economy for their own success, has lead, IMO, to a lack of confidence in Europe as to their own issues.

I also think that there is enough volume of money moving out of the US markets by people trying to protect assets since Obama has been re-elected that is has had a bearish effect at home.

People with money by in large do not trust Obama with the economy. Moreover, they don't trust that he will not try to go after their assets in one way or another. As such, they are moving money.

Businesses also have a lack of faith in Obama, and now have a full recognition that Obamacare will be implemented. This will lead to more business expense. This means less stability in corporations and people don't want to invest their money in instability.

While I will admit that the market slide is not totally due to Obama being re-elected, I think it is certainly a driving force.


anc
Member since Nov 2012
3093 posts

re: Anyone have the running total of the market success we've had since the election
You're an idiot.

Most of the sell off has more to do with people cashing out because they don't know which way taxes are going to go with this guy in office.


50Mullets
LSU Fan
A more civilized age
Member since Oct 2012
1433 posts

re: Anyone have the running total of the market success we've had since the election
For what it's worth as of right now.
DJI -728.47 (-5.50%)
SPX -77.66 (-5.43%)
COMP -179.27 (-5.95%)

All since close on Tuesday the 6th.


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a want
LSU Fan
North America
Member since Oct 2010
10836 posts

re: Anyone have the running total of the market success we've had since the election
Since we're cherry picking stats

quote:

Through Friday, since Mr. Obama’s inauguration — his first 1,368 days in office — the Dow Jones industrial average has gained 67.9 percent. That’s an extremely strong performance — the fifth best for an equivalent period among all American presidents since 1900.


It's up about 65%.


buddhavista
Member since Jul 2012
3543 posts

re: Anyone have the running total of the market success we've had since the election
quote:

That being the case, and in view of Europe's direct and indirect dependence on a healthy US economy for their own success, has lead, IMO, to a lack of confidence in Europe as to their own issues.

Right, europe is a big part of this. The head of the ECB said the economy sucks on Nov 7th, and germany is not immune. This is a big part of this.
quote:

I also think that there is enough volume of money moving out of the US markets by people trying to protect assets since Obama has been re-elected that is has had a bearish effect at home.

People with money by in large do not trust Obama with the economy. Moreover, they don't trust that he will not try to go after their assets in one way or another. As such, they are moving money.


I talked to my financial adviser yesterday, and he said he thought it was mostly europe, and what wasn't europe was the fiscal cliff. he said many of his clients are very nervous but they haven't executed a ton of trades at this point.


TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
17264 posts

re: Anyone have the running total of the market success we've had since the election
Buddha is not an idiot.

He's partially right, just like everyone else is partially right.

I do think that Romney would have created some enthusiasm that would have counteracted all of the negatives, but most of the fall has been because of exogenous shocks.

With that said it's very clear that the market has absolutely ZERO faith that our do-nothing president will somehow fix the situation, and this has exasperated the situation.


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NC_Tigah
LSU Fan
Member since Sep 2003
56177 posts
Online

re: Anyone have the running total of the market success we've had since the election
quote:

Most of the sell off has more to do with people cashing out because they don't know which way taxes are going to go with this guy in office
Bingo!


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LSURussian
LSU Fan
Member since Feb 2005
85143 posts

re: Anyone have the running total of the market success we've had since the election
quote:

a) there was a shite ton of news dropped on the 6th and 7th
True and the most negative news for the market was Obama was re-elected.

quote:

b) the markets might have been reacting to the fact that we have the same as before, where we couldn't come to agreement. Might have been different if romney had won OR dems had won the house.
c) the polls showed obama winning since the summer. This board might have been in denial, but I would hope that traders would look at math.

You can't have it both ways.

You can't say polls predicted an Obama win and ignore that the same polls predicted the house and senate would remain under the same control.

There was some HOPE after the first debate that Romney might win. Also, some polls showed Romney MIGHT win.

On election day a rumor hit the market that Republican precincts in Ohio had heavy turnout and Dem precincts where having lighter than expected turnout. Those rumors turned out to be untrue, but the market rallied BIG during the day because of them...the DJ was up over 120 points.

The next day when Obama was known to be the winner the DJ dropped over 300 points.

You can deny it, but the market has been reacting to Obama's re-election since last Tuesday.


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