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The stock market next week....
Posted on 10/29/10 at 2:41 pm
Posted on 10/29/10 at 2:41 pm
I'm predicting a pretty sizable sell off next week after Tuesday's election.
4
Posted on 10/29/10 at 2:47 pm to LSURussian
Bought some VXX on Monday in preparation. You think the Dems are going to win more than expected?
Posted on 10/29/10 at 2:48 pm to LSURussian
I would think you are right, but I have to say, I've been really surprised with how well this economy has done under current leadership. I could also see it do well from the gridlock thats expected.
Posted on 10/29/10 at 2:50 pm to Chris Farley
quote:No, I think they'll lose about what people are predicting.
You think the Dems are going to win more than expected?
Posted on 10/29/10 at 4:38 pm to LSURussian
quote:
I'm predicting a pretty sizable sell off next week after Tuesday's election.
Wouldn't Republicans taking back control of the House and Senate give people a restored sense of hope in the economy and thus lead to more investing?
I'm not saying I disagree I am just trying to understand your logic.
Posted on 10/29/10 at 5:26 pm to I Love Bama
quote:Yes, but that is already priced into the market, IMO.
Wouldn't Republicans taking back control of the House and Senate give people a restored sense of hope in the economy and thus lead to more investing?
Plus, I don't think the senate majority party will change, so some investors will be disappointed about that.
Once the votes are counted and everyone realizes that the President is the same as before the election and that congress is still the same congress until January, there will be a pull back.
I may be wrong, but it's my gut telling me that.
Then again, maybe it's just gas....
Posted on 10/29/10 at 5:41 pm to LSURussian
I am about to short Apple, fwiw, and also see a downward trend coming.
This post was edited on 10/29/10 at 5:43 pm
Posted on 10/29/10 at 5:53 pm to LSUtoOmaha
Baring a successful terrorist attack or other such calamity, I think the market will end the year higher than it is now.
I just think we will see a brief but significant (50-75 points on the S&P) pullback from today's levels.
I just think we will see a brief but significant (50-75 points on the S&P) pullback from today's levels.
Posted on 10/29/10 at 5:55 pm to LSURussian
Posted on 10/29/10 at 7:00 pm to LSURussian
S&P over 1250?
Posted on 10/31/10 at 12:19 pm to LSURussian
quote:
Then again, maybe it's just gas....
Left over "juice" from a procedure this past week???
Posted on 10/31/10 at 2:58 pm to tirebiter
quote:Not yet. It's week after next.
Left over "juice" from a procedure this past week???
Posted on 10/31/10 at 3:33 pm to Chris Farley
quote:
Bought some VXX on Monday in preparation.
I think this is a safe bet. No matter what happens, there should be some serious volatility this week.
Posted on 10/31/10 at 4:19 pm to RedStickBR
FACT stock market has never had a negative 200 days after a mid term election regardless of outcome every midterm year since 1942
Posted on 10/31/10 at 4:29 pm to whodatigahbait
quote:
FACT stock market has never had a negative 200 days after a mid term election regardless of outcome every midterm year since 1942
Uh oh, sell everything.
Posted on 10/31/10 at 5:24 pm to whodatigahbait
Yeah and housing prices were never supposed to decline.
Posted on 10/31/10 at 6:47 pm to Chris Farley
quote:
Bought some VXX on Monday in preparation.
Generally one of the worst retail products in existence. Be careful with it.
Posted on 10/31/10 at 11:02 pm to Tiger JJ
Took a decent position in RWM and took a lot of profits in my existing stock holdings. A change in Rep or Dem isn't gonna impact the long term economic disaster the Fed is conjuring.
Posted on 11/1/10 at 8:10 am to Aubie Spr96
quote:What disaster is that?
the long term economic disaster the Fed is conjuring.
Posted on 11/1/10 at 8:41 am to LSURussian
Devaluing of our currency. We are rapidily headed down the Japan road.
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