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Post by Darcy Collins on Nov 9, 2016 19:40:25 GMT
Man is there absolutely ANYTHING that the "experts" were right about in this election cycle. There's no doubt the market was shocked last night - and whenever the market is surprised their first impulse is to sell, so I expected the drop in futures last night - although the magnitude definitely concerned me. Seeing the market UP almost 250 points today.... After hearing last night about how the market hates Donald Trump and our portfolio would be wiped out today is just the cherry on top of this insane election cycle.
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used2scrap
Drama Llama
Posts: 6,036 
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Post by used2scrap on Nov 9, 2016 19:45:37 GMT
This just in, nobody knows anything lol! I thought I heard something about pharmaceuticals being up on the hopes of repealing affordable care act, but I wasn't really listening close.
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tanya2
Pearl Clutcher
Refupea #1604
Posts: 4,423
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Post by tanya2 on Nov 9, 2016 19:47:08 GMT
I have to admit, I was really hoping the CDN-USD exchange rate was going to improve today. Our cdn dollar has tanked lately!
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Post by pierkiss on Nov 9, 2016 19:47:42 GMT
Is it really up today? That's great! I was worried we were headed for a free fall today based on what happened last night before they froze it.
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~Lauren~
Pearl Clutcher
Posts: 3,876
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Post by ~Lauren~ on Nov 9, 2016 19:50:56 GMT
So much for the gloom and doom crowd.
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Post by Darcy Collins on Nov 9, 2016 19:52:03 GMT
Is it really up today? That's great! I was worried we were headed for a free fall today based on what happened last night before they froze it. The swing was crazy. I think when I went to bed Dow futures were down 700 - right now the Dow is up almost 300! S&P and Nasdaq are all up. No doubt there will continue to be swings, as the market hates uncertainty and who the hell knows what's in store for the next 6+ months. |
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Post by Darcy Collins on Nov 9, 2016 19:55:52 GMT
This just in, nobody knows anything lol! I thought I heard something about pharmaceuticals being up on the hopes of repealing affordable care act, but I wasn't really listening close. I'm wondering how much is hopes of repealing ACA and how much is adjustments based on the initial assumption that Hillary Clinton would win and stock prices were baking in some assumption of price controls or other policies that would not benefit Big Pharma. Other than ETFs that include them, I don't invest directly in that segment so don't follow it too closely so am purely speculating with little sleep and lots of coffee  |
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Post by Darcy Collins on Nov 9, 2016 20:23:27 GMT
The Dow just crossed into record territory. Highs never before seen.
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Post by Yubon Peatlejuice on Nov 9, 2016 20:45:10 GMT
Two words:
Short Covering
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Post by papersilly on Nov 9, 2016 20:47:54 GMT
the market being up is the one consoling factor the day after this election. although, I woke up as the markets opened (I'm on the west coast) and seeing it plummet before correcting itself was a little scary for a moment there.
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Post by pierkiss on Nov 9, 2016 20:49:04 GMT
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Post by Darcy Collins on Nov 9, 2016 20:49:59 GMT
I agree that it's driving the upswing. |
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Post by Yubon Peatlejuice on Nov 9, 2016 20:56:56 GMT
There will be a lot of volatility over the next few months especially with the Fed raising rates again next month.
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Post by Darcy Collins on Nov 9, 2016 21:02:08 GMT
A short is when someone bets that the market is going to go down. You can buy options (financial instruments) that will go up or down based on the market. If you bet wrong - which a whole hell of a lot people did this morning. You have to go into the market and buy to cover your short. It increases volatility and will drive the upswing higher than it might have been (which I think happened today). |
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Post by pierkiss on Nov 9, 2016 21:02:49 GMT
A short is when someone bets that the market is going to go down. You can buy options (financial instruments) that will go up or down based on the market. If you bet wrong - which a whole hell of a lot people did this morning. You have to go into the market and buy to cover your short. It increases volatility and will drive the upswing higher than it might have been (which I think happened today). Thanks! |
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Post by cadoodlebug on Nov 9, 2016 21:43:05 GMT
I haven't looked at it today. Glad I saw your thread. We have never been ones to panic or sell when there is a crisis that drives the market down.
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MizIndependent
Drama Llama
Quit your bullpoop.
Posts: 5,836
Jun 25, 2014 19:43:16 GMT
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Post by MizIndependent on Nov 9, 2016 21:56:41 GMT
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Post by Yubon Peatlejuice on Nov 10, 2016 1:21:41 GMT
Janet Yellen doesn't give a shit any more and will now do what she wants. He will get rid of her in a year. She'll raise by 0.25% next month. |
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MizIndependent
Drama Llama
Quit your bullpoop.
Posts: 5,836
Jun 25, 2014 19:43:16 GMT
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Post by MizIndependent on Nov 10, 2016 3:19:00 GMT
Janet Yellen doesn't give a shit any more and will now do what she wants. He will get rid of her in a year. She'll raise by 0.25% next month. Meh. We'll see. |
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Deleted
Posts: 0
May 17, 2024 7:33:57 GMT
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Post by Deleted on Nov 10, 2016 3:21:56 GMT
I posted last night in that thread that my money man stated that the markets hate uncertainty...and a Trump win brings uncertainty. (because face it, a Clinton win would've been 4 more years of exactly the same thing...no uncertainty there)
I did not speak to him today but my mom did. He is certain that a Trump Presidency will have a positive impact on the market.
I suppose time will tell. I don't have to worry about it. I pay my money man to worry about it.
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Deleted
Posts: 0
May 17, 2024 7:33:57 GMT
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Post by Deleted on Nov 10, 2016 8:57:55 GMT
I think yesterday's markets were the fun part for me & my husbands election night. He was Forex trading as the results were coming in. I was following real time for him screaming it's down by this it is up by this. Japan is going down, now it's up. I felt like I was on the trading floor. It was a lot of fun. We couldn't stop laughing. I was happy when it stabilized. I hope everyone who was trading yesterday did very well.
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Post by leftturnonly on Nov 10, 2016 9:38:29 GMT
Man is there absolutely ANYTHING that the "experts" were right about in this election cycle. I've yet to hear about any. |
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My original pea date was November 1999 and my number was 1803
