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Wave; flood; tide... whatever. They won The House.
The Blue team's arrival in Washington has sent the market into a tailspin. It'll be sort of like having Barney Frank back in office, but without Chris Dodd (good riddance) to help him screw things up.
The stock market started tanking back in early October as Q3 earnings started rolling in. This is a result of Trump's trade policies, not the Democrats taking the house. Companies' earnings are declining due to reduced sales overseas and increasing commodity prices, which is directly correlated to the tariffs. The automotive sector has been especially hard hit. If this turns into a full blown recession, Donald Trump will own it.
Wave; flood; tide... whatever. They won The House.
The Blue team's arrival in Washington has sent the market into a tailspin. It'll be sort of like having Barney Frank back in office, but without Chris Dodd (good riddance) to help him screw things up.
Mostly likely take them winning the Senate to get the same results as we got in 2007.
Wave; flood; tide... whatever. They won The House.
The Blue team's arrival in Washington has sent the market into a tailspin. It'll be sort of like having Barney Frank back in office, but without Chris Dodd (good riddance) to help him screw things up.
Dow up 618.
It's now less than 100 points below where it was the day before the election. That must be the OP's "tanking."
The Dow is now ABOVE where it was the day before the election.
Sure.
With such a strong market for such a long time, expect it to bounce around for quite a while. Big drops are going to happen frequently, and they will be followed quickly by big gains, probably through all of 2019 or even longer.
While politics may start a plunge, it could just as easily start a buying fever, and most trading has nothing at all to do with politics and never has.
Stock market reportage only makes it appear that politics has big effects. That's because reporting stocks is about as dry as plaster and about as colorful. The reports have to be entertaining to keep the viewers, so political influence is always amped up as an easy way to keep viewership.
Take it all with a grain of salt. It's all true, but never 100% true. A lot of the hype is only opinion.
the worst days of the stock market by points change where
#1 February 5th, 2018 -1,175.21
#2 February 8th, 2018, -1032.89
#3 October 10th, 2018 -831.83
#6 March 22nd, 2018 - 724.42
#10 February 2nd, 2018 -665.75
9 of the 20 worst days of all time were in 2018
Worst day ever on the day after an election was when Obama was elected in 2008. Second worst day in history on days after a Presidential election was the day after Obama was re-elected in 2012. Best day after a Presidential election....care to guess??????yeah, day after we elected our current super awesome Greatness personified President Trump in Nov 2016....Trump Trump Trump Trump
You forgot the Dow rose 545 points the day after the mid-term election.
In fact the last time it did so well the day after a mid-term was another time that democrats took over a house of congress while a republican was in office.
U.S. stocks closed broadly higher on Wednesday after the midterm election results came in about as expected, lifting a cloud of uncertainty that was weighing on the market.
The major averages hit their session highs after President Donald Trump indicated he is willing to work with Democrats on policy initiatives that would help the economy keep growing.
The Dow Jones Industrial Average closed up 545 points, led by gains in UnitedHealth and Apple. The S&P 500 gained 2.1 percent as the health care, tech and consumer discretionary sectors each rallied more than 2.8 percent. The Nasdaq Composite rose 2.6 percent.
Wednesday's post-midterms rally was larger than the average gain that follows the contests. Goldman Sachs noted the S&P 500 has averaged a gain of 0.7 percent from the day before the elections to the day after midterms. Wednesday marked the biggest post-midterms gain for both the Dow and S&P 500 since the day after the 1982 contests, when the indexes surged 4.3 percent and 3.9 percent, respectively.
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