Moneymoney

Fri Nov 4, 2016, 06:24 PM

Will the moribund obama Dow perk up soon?

6 replies, 579 views

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Reply Will the moribund obama Dow perk up soon? (Original post)
TheyLostTheirForums Nov 2016 OP
Pony Express Nov 2016 #1
DustyFromDaCuse Nov 2016 #2
specs Nov 2016 #3
DustyFromDaCuse Nov 2016 #6
joefriday6 Nov 2016 #4
fools_gold Nov 2016 #5

Response to TheyLostTheirForums (Original post)

Fri Nov 4, 2016, 06:29 PM

1. It Will Resume Its Upward Trend as Soon as The Fear of a Trump Presidency is Destroyed

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Response to TheyLostTheirForums (Original post)

Fri Nov 4, 2016, 06:37 PM

2. At least it hasn't lost 7000 pts like under Bush.

 

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Response to DustyFromDaCuse (Reply #2)

Fri Nov 4, 2016, 06:45 PM

3. Due to a democRAT congress elected in 2007 ;)

If we did not have a lapse in judgment it never would have happened.

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Response to specs (Reply #3)

Fri Nov 4, 2016, 10:47 PM

6. What Laws were passed by them that caused it? LMBO. The HOUSING

 

CRISIS that caused the Market crash began before that, ROTFFLMGDBO!

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Response to DustyFromDaCuse (Reply #2)

Fri Nov 4, 2016, 07:59 PM

4. Not yet.

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Response to TheyLostTheirForums (Original post)

Fri Nov 4, 2016, 09:37 PM

5. I hope not

I just did some year end tax planning. I took some profits from a good gain in one of my steel company's stock, and liquidated a couple of small losers to offset the capital gains from the winners. So my discretionary (fun) portfolio is now sitting at 20% cash waiting to see what happens.

I figure when Trump wins on Tuesday I want the markets to take the big dive everyone is expecting if he wins. I'll dump my $50K into some good dividend aristocrats, like my GE and AT&T, and maybe buy back some of my favorite steel company (STLD). I fully expect the indexes to recover to current levels and above within a month, and if Trump wins to go much bigger in the next year.

If Hillary wins on this Tuesday the market is expected to uptick a bit. I'll still buy, but at a higher basis. I expect between the election Tuesday and the real election on December 19 there is going to be a lot of talk of "faithless electors" and lots of volatility in the market. Lots of opportunity to make some bucks.

In any case, it's going to be fun and interesting.

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Moneymoney