The DOW is stable today.

[DH]

Oh yeah, it's Saturday.......

[grondramb]

There is still after hours index tradings - the the S&P (spiders) are down about .9% and the Dow (diamonds)is almost even, down about .1% - all in all not a bad weekend so far.

[evizzle]

I wonder when a turnaround will happen... and what exactly will do the trick. As cold as this sounds and I apologize to all those who have significantly been affected by this, but hopefully is will be a great history lesson when all is said and done and we are looking at this in our rear view mirror.

[doom1701]

I think we're more or less bottomed out--for now. Everything is so on edge, though, that Paulsen could sneeze and cause another 1000 point drop.

[InigoMontoya]

Honestly, I don't think it'll bottom out until (and IF) Obama gets elected.

It's not that I think Obama is some sort of savior to the economy. Rather, I think that his getting into office would be a catalyst of change. In other words, for things to get better investors have to have an answer to the question, "Why should next month be any better than last month?" To answer that question with a positive spin, something major must happen.... A new POTUS fits that bill.

Getting a new President in there gives people a reason to be optimistic about change. Whether it's rational optimism is irrelvant. So people become optimistic as they feel the winds of change in their face and they start investing again.

And that's when things start looking up.

[TheIndependent]

imo, some of the market's drop is being fueled by the belief that obama has now wrapped up the election and his policies will soon be hoisted upon America.

[pseudonym]

imo, some of the market's drop is being fueled by the belief that obama has now wrapped up the election and his policies will soon be hoisted upon America.
And some of the sinking of the Titanic was fueled by one of the waiters being too fat.

[evizzle]

I don't think either pdjplano or inigo's ideas are right, or wrong for that matter. I think there is uncertainty everywhere, and some people see Obama as positive change, and others see the government buyout as something of the future of the market, and see that as a negative.

I think a new president will have a positive effect on the market, which is truly quite dumb, considering how little the president really affects...

[grondramb]

I think a new president will have a positive effect on the market, which is truly quite dumb, considering how little the president really affects...

The current administration is having a large effect on the markets.

[TheIndependent]

I don't think either pdjplano or inigo's ideas are right, or wrong for that matter. I think there is uncertainty everywhere, and some people see Obama as positive change, and others see the government buyout as something of the future of the market, and see that as a negative.

I think a new president will have a positive effect on the market, which is truly quite dumb, considering how little the president really affects...

imo, the issues that they see (and react to) relate to obama's policy agenda, tax proposals, and future thought as to what he'll do with a D controlled congress. obama is going to tax them more, regulate them more, tax their main clients more, increase government programs and may re-write health care in this country (among other things) to a socialist model. you may think that's a great idea, and think i'm full of shit for opposing it, that's certainly your right. but the traders on wall street, the investment bankers, traders, investors, and money men that make it all work generally see a D Presidency+D Congress as a negative to their bottom lines {and the economy's, for that matter}.

[grondramb]

Dow futures up about 400

[heySkippy]

I'm seriously considering moving all my 401(k) into stocks at this point. It wouldn't surprise me a bit to see a run-up just as dramatic as the fall has been.

[pseudonym]

Dow futures up about 400
Apparently, investors are feeling better about Obama than they were last week.

[DH]

I'm seriously considering moving all my 401(k) into stocks at this point. It wouldn't surprise me a bit to see a run-up just as dramatic as the fall has been.

That's what I did - but about a week too early.......

today certainly helped ease the pain though....

[Marco]

[imo, the issues that they see (and react to) relate to obama's policy agenda, tax proposals, and future thought as to what he'll do with a D controlled congress. obama is going to tax them more, regulate them more, tax their main clients more, increase government programs and may re-write health care in this country (among other things) to a socialist model....

Hmm.

Hey daniel, maybe I should promise to donate a dollar to each of the two main parties for every time that Paul uses the word "socialist." :)

[DH]

[imo, the issues that they see (and react to) relate to obama's policy agenda, tax proposals, and future thought as to what he'll do with a D controlled congress. obama is going to tax them more, regulate them more, tax their main clients more, increase government programs and may re-write health care in this country (among other things) to a socialist model....

Hmm.

Hey daniel, maybe I should promise to donate a dollar to each of the two main parties for every time that Paul uses the word "socialist." :)

You would go broke rather quickly.....;)

and even faster if you added the terms "partisan hack" "tool" and "laughable".....

[DH]

I don't think either pdjplano or inigo's ideas are right, or wrong for that matter. I think there is uncertainty everywhere, and some people see Obama as positive change, and others see the government buyout as something of the future of the market, and see that as a negative.

I think a new president will have a positive effect on the market, which is truly quite dumb, considering how little the president really affects...

imo, the issues that they see (and react to) relate to obama's policy agenda, tax proposals, and future thought as to what he'll do with a D controlled congress. obama is going to tax them more, regulate them more, tax their main clients more, increase government programs and may re-write health care in this country (among other things) to a socialist model. you may think that's a great idea, and think i'm full of shit for opposing it, that's certainly your right. but the traders on wall street, the investment bankers, traders, investors, and money men that make it all work generally see a D Presidency+D Congress as a negative to their bottom lines {and the economy's, for that matter}.

nattering nabob of negativity.........;)

[TheIndependent]

nattering nabob of negativity.........;)

lol, gonna be an interesting 4 years or so, that's for sure :)

[TheIndependent]

Dow futures up about 400
Apparently, investors are feeling better about Obama than they were last week.
Dow (http://finance.google.com/finance?cid=983582)
8,577.91 -733.08 (-7.87%)