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Stock Market at record low for post presidential elections?
Usually the stock market rallies. Why do you think it dived?
16 Answers
- Anonymous1 decade agoFavorite Answer
shows you the kind of confidence there is in our new president among the sensible investors.
- ?Lv 45 years ago
The financial gadget is as undesirable as its been via fact the 30's...it fairly is the reason. The election and the inventory industry are actually not appropriate...statistically it fairly is shown returned and returned, however the media needs something to speak approximately. daunte hall of the Raiders (NFL) became rumored to be released Tuesday and became released Tuesday evening... he isn't on the subject of the inventory dip the two. Its in user-friendly terms a coincedence
- Phil MLv 71 decade ago
The economy is as bad as its been since the 30's...that is why.
The election and the stock market are not linked...statistically this is proven time and again, but the media needs something to talk about.
daunte hall of the Raiders (NFL) was rumored to be released Tuesday and was released Tuesday night...
he isn't related to the stock dip either. Its just a coincedence
- nytebreidLv 71 decade ago
Per the financial pages:
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The most commonly cited catalyst for Thursday's swoon were:
-More grim economic news, including surging jobless claims and weak October retail sales.
-Rate cuts by the ECB and Bank of England, which put a bid in the dollar which, in turn, weighed on commodities and producers like Exxon Mobil and Rio Vale.
-Weak guidance from Cisco, Toyota Motor and News Corp., as reported earlier.
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President Elect Obama isn't even in office yet. Contrary to already popular belief, not everything that goes wrong is his fault.
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- BeardogLv 71 decade ago
The market hasn't been behaving according to it's history all year- that's part of the problem.
- NaughtumsLv 71 decade ago
Because we are in the middle of the worst recession since 1929 and it has only just begun. What's going on now was going to happen irregardless.
- Anonymous1 decade ago
Uh huh...here we go!!! Time for the "right" to blame Obama for the finacial mess. Was going to happen sooner or later.
- Anonymous1 decade ago
Because it always happens after an election. How is this any different than a couple of weeks ago?
- Anonymous1 decade ago
dunno but i was thinking the same thing???
just my opinion but part of me believes in positive thinking and we have heard how bad the market is doing...over and over and over.....i think that when the media reports and seems like they pound it into our heads....does anybody else think that maybe if they didnt make it look so bleak then people wouldnt yank their money out ???? a thought
- Anonymous1 decade ago
The market is tanked today because of Cisco (the largest computer networking company in the world) reporting poor earnings & outlook. And unemployment climbed to the highest level in 25 years. Thanks GOP.
- Anonymous1 decade ago
Der, look at me, I don't know how to understand stock volume charts. I listen to talk radio and try to be interesting. Dee dee dee.