[james_gsx]

Originally Posted by brownsfan019 »

So far, the markets are not thrilled that Obama won.



Who suggested that? Smart cookie.

Again, you're smarter than that Chris. Now, everyone knows if McCain won this same thing would have happened and you would have called it a technical move.





I'm starting to sense I'm just going to piss everyone off in this thread. So maybe I should stop posting.

[torero]

It's not that the market is not thrilled about Obama, I think now that the focus on elections is over, now it's back to earnings and economy that takes the front seat again. That means, the crisis ain't over, not that the Obama or McCain will make the crisis go away overnight.

[waveslider]

I don't know if its been mentioned, but markets are statistically more inclined to move higher under democrat presidents than repub. That was first noted in 1950's (analysis of stock market trends was the book I think - a classic) and has been true ever since, or so I've read - haven't actually tested that one.
Markets do climb the "wall of worry".
Torero's right, this was a case of sell on the news. I doubt the markets would have rallied from an low volume overbought condition should McCain have won.

[waveslider]

James what is the IV index - forgive me for not having read this thread all the way through, I'm working on it, maybe you already explained. If so ignore this.

[brownsfan019]

Originally Posted by james_gsx »

Again, you're smarter than that Chris. Now, everyone knows if McCain won this same thing would have happened and you would have called it a technical move.





I'm starting to sense I'm just going to piss everyone off in this thread. So maybe I should stop posting.

I disagree gsx. I honestly believe that if McCain won, the markets rally; and they fail on an Obama win. That's what I thought and I'm sticking to it.

[jonbig04]

This is a little off topic but I hope Obama actually addresses the root of what caused this financial problem. I threw something together for my friends and family about what caused this crisis and attached it here. The first half of it is me explaining some things I'm sure you are all aware of, the 2nd part actually digs into the crisis.