Dow Drops 10% in Two Days After Election

[bigfootedfred]

Cnbc

Blue chips logged their biggest two-day point decline on record as worries about the economy gripped the market the minute the U.S. presidential election was over.

U.S. business productivity slowed sharply in the third quarter, indicating that wave of layoffs is starting to take a toll on business output. Productivity fell to an annual rate of 1.1 percent, the Labor Department reported, less than a third of the 3.6 percent rate in the second quarter. Output posted its biggest drop in seven years.

BBC

The drops came despite a dramatic interest rate cut from the Bank of England and a smaller reduction from the European Central Bank.

"Extraordinary times require extraordinary actions," said Stuart Porteous, head of RBS Group Economics, commenting on the Bank of England's decision to cut rates by an "unprecedented" 1.5 percentage points to 3%.
Meanwhile, the European Central Bank cut its key rate by half a percentage point to 3.25%.

"We had a week of rebound and then we're coming back to reality" said Francis Lun, general manager of Fulbright securities in Hong Kong.
"Despite the world euphoria over the election, the world's economy hasn't changed," he added.

[Sidmen]

Why haven't people realized that stock trading is retarded yet?

[Centurion-Lucius-Vorenus]

Don't forget that those losses came after record gains, which came after huge losses, which came after tremendous gains.....

I do think this highlight's that we still have a problem, and that No matter who was elected, It won't be solved over night.

[bigfootedfred]

Don't forget that those losses came after record gains, which came after huge losses, which came after tremendous gains.....

I do think this highlight's that we still have a problem, and that No matter who was elected, It won't be solved over night.

not exactly no...it regained a very small amount of ground.

[Centurion-Lucius-Vorenus]

not exactly no...it regained a very small amount of ground.

I wasn't talking about the collapse in late September, I was talking about the jockeying between up and down in October.

[bigfootedfred]

I wasn't talking about the collapse in late September, I was talking about the jockeying between up and down in October.

well, the point made is that things were being 'held together' if you will. Massive cash injections,
the trillions upon trillions that was injected worldwide, simply held back the tide for a time.

Someone compared it to "giving a junkie another fix" first one who can remeber who said that, you get rep.

[Erich von Manstein]

Why haven't people realized that stock trading is retarded yet?

Probably because, historically, it is the single easiest method of (legally) making money. In the 20th century the DJIA saw annualized compound returns of 5.3% (this would be higher if you calculated in dividends earned). Wise investors saw returns that were far greater.

"Be fearful when others are greedy and greedy when others are fearful." Time to be greedy, people.

[Sidmen]

well, the point made is that things were being 'held together' if you will. Massive cash injections,
the trillions upon trillions that was injected worldwide, simply held back the tide for a time.

The goal of the cash injections is to stem the tide and make it a gradual fall versus a major crash.

[Iscariott]

The goal of the cash injections is to stem the tide and make it a gradual fall versus a major crash.

We're emptying the blood bank on this one though.

Question for the paulites, is he of the opinion this is going to turn into a hyper-inflationary style recession? Some of the rich people who blather on tv seem to disagree about it. I'd like to know paul's thoughts.

[Admiral Piett]

We're emptying the blood bank on this one though.

Question for the paulites, is he of the opinion this is going to turn into a hyper-inflationary style recession? Some of the rich people who blather on tv seem to disagree about it. I'd like to know paul's thoughts.

If you want to know, why not just search for his videos on youtube? He's been asked such questions a lot. I can't speak for him, because economics is not my forte. I don't understand that crap nor do I care to.

[mrmouth]

The whole thing is based on confidence. To suggest that the losses are caused by a President elect, given the very recent ups and downs, is fairly retarded.

[bigfootedfred]

To suggest that the losses are caused by a President elect, given the very recent ups and downs, is fairly retarded.

who suggested that?

i have looked and i cant see anyone suggesting anything of the kind.

Keep your flaming and trolling to yourself if you don't mind.
or at the very least base it on something someone has actually said.

to scorn a nameless someone for a comment that has simply not been made what so ever, is very retarded.

[mrmouth]

Yeah, its a complete mystery as to what this thread was about...

Maybe if its wasn't on the agenda to push this same crap on every conservative talk show in the US...

[bigfootedfred]

Yeah, its a complete mystery as to what this thread was about...

no no, theres no mystery.
i believe theres a title, and two articles...
and neither one 'blames obama' for it.

Maybe if its wasn't on the agenda to push this same crap on every conservative talk show in the US...

i assume you meant "maybe if it" so il go from that.
not all of us are Americans. the entire world population does not live in America and listen to 'conservative American talk shows'. so excuse me for not having any idea what your going on about.

[jankren]

The Messiah has shown just a glimpse of his miraculous power. Much more are to come ...

[Nouvelle Vague]

I understand what you're trying to imply but its totally flawed if you actually look at the cyclical patterns of the stock market since the mortgage crisis. Don't you have anything better to talk about?

[mrmouth]

How many articles on wall street have you posted before this one?

[bigfootedfred]

How many articles on wall street have you posted before this one?

i have absolutely no idea.
nor do i have any idea how many other things i have posted,
on different subjects or other threads. If you would care to check, im sure you can find out all about it by clicking on my name and looking through my posts.

http://www.twcenter.net/forums/searc...archid=1205150

now would you care to explain this and who you were talking to or not?

To suggest that the losses are caused by a President elect, given the very recent ups and downs, is fairly retarded.

i find it a very interesting comment as no one has suggested anything of any kind...

[mrmouth]

Explain what?

This isn't a thread on wall street losses. Its a thread on wall street losses that attempts to tie in the election results. If the thread title didn't contain "after election", and all of the talk about the losses didnt have questions about how the election results might have played a part, I wouldn't have thought it to be what it is.

You obviously thought it was interesting enough to go out on a limb and post it because of the election implications.

[bigfootedfred]

or...

http://www.cnbc.com/id/27578405

it was the title of the article....

yeah im really going out on a limb there...

im guessing you didn't bother reading it before you started flaming.

and i did in fact give you the link to my posts...
but your best bet is this one

http://www.twcenter.net/forums/showthread.php?t=122966

i have many posts in that thread.
and ive had many other posts on the economy and related matters.

but, hey. dont let me spoil your flaming fun eh...