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Stock Market turns on a dime at 2:00pm

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JohnnyRingo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 02:33 PM
Original message
Stock Market turns on a dime at 2:00pm
After suffering a down day, the market gained about 40pts in the 1st 20 minutes of today's debate, and is currently in the green.

Yesterday during the Repub debate, even while the criminally insane actors on the stage were extolling the virtues of their party on the economy, the market shed over 100 points into the red.

Neil Cavuto must have it wrong....all wrong.

One key may be Biden's suggestion that Repubs love deficits because it allows them to claim failing govt and force cuts of social programs. Good for neo-cons...bad for the stock market.
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onenote Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 02:36 PM
Response to Original message
1. you realize that the stock market often "turns on a dime" on days that there are no debates
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 02:38 PM
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2. Interesting observation, but I chalk it up to mere coincidence. n/t
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 02:39 PM
Response to Original message
3. back in the red....
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uppityperson Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 02:45 PM
Response to Reply #3
4. should've let Kucinich participate
sorry
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 02:45 PM
Response to Reply #4
5. i think you are probably correct....but we'll never know
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ThomWV Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 02:48 PM
Response to Original message
6. It was up about 40 points this morning, down 25 right now, who knows where it will be later?
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ORDagnabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-13-07 02:56 PM
Response to Original message
7. PPT n/t
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