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Maybe it was a lot and maybe that's why he/she isn't back on here.
People that come onto internet forums and post nonsense like the OP did are all talk. The OP didn't have any money riding on this at all. I asked about it the day this useless dribble was posted and he/she never responded. Probably had to get back to school and couldn't check the forums again.
Obama's winning did wonder for the market today, didn't it?
The Presidential election had nothing to do with today's market.
The market already had priced in a Democratic win. Now it's back to economics. Bad service sectors numbers and expected bad numbers in Friday's labor report drove the market today.
The market saw the obomination for what it is. Things will only get worse in the long run (sure there'll be slight ups but offsetted by drops) unless osama grows some intelligence when he takes office and drops his stupid ideas on the economy and taxes.
I don't think a lot of voters understand economic policy and whats going to happen when you begin taxing the wealthy and spend on crazy liberal social programs. If you tax the rich they are going to recoup their losses by reducing their staffs. That means unemployment. Beside everyone is going to be paying soon and it's not only going to be the rich. We will all see new taxes.
The market saw the obomination for what it is. Things will only get worse in the long run (sure there'll be slight ups but offsetted by drops) unless osama grows some intelligence when he takes office and drops his stupid ideas on the economy and taxes.
What worries me is that he made a lot of very risky and expensive promises during his run for the White House. In addition Capital Hill is very liberal left and I am sure they have their own programs/spending to which the nation is going to have to pay for. You can't be economically conservative and socially liberal. President elect Obama has to make a choice as to which one he is going to embrace.
He doesn't have any ideas on the economy. He's already said he'll get to that next term.
This term is focused on raising taxes on the well-to-do people who didn't vote for him, redistributing their wealth to those who did and gifting everybody health care with taxpayer dollars. I'm betting today's market drop was not only due to jobs, but to people cashing out in response to the rough times-- and new market lows-- that now surely lie ahead.
I saw this thread and laughed. My signals told me to short the market today, so I did. You bonehead fortune tellers should stick to posting in Elite Trader or Trade 2 Win instead of clogging up CD with your false prophecies. I'm up 10k today.
Dad always told me that those who talk the most are usually doing the least. Dad's a wise man.
My gut told me to short today, too, but I was too chicken. I did buy an ultra short fund, though. Any reason to prop this market up has gone away and hope has already been priced in. And now it's being priced out. Can't fight the tape...
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