Market Talk

[Pete1]

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Careful, folks. After the last really tight presidential election in 2000,the major domesticindices were down about 6% in the days immediatelyfollowingthe election. If this one ends up being tight and we don't know who the president is for awhile, we may see a repeat. Just something to think about. Not suggesting that you abandon your plans butbe prepared just in case.

 

[learning]

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Pete1 wrote:

Careful, folks. After the last really tight presidential election in 2000,the major domesticindices were down about 6% in the days immediatelyfollowingthe election. If this one ends up being tight and we don't know who the president is for awhile, we may see a repeat. Just something to think about. Not suggesting that you abandon your plans butbe prepared just in case.

No, I had forgot. Thanks for the heads up. All that was in my little mind was the election would be one less concern in the market. It would be over and ready to go up. I will have to reavaluate my situation. Thanks again for the heads up. That is why I LOVE THIS SIGHT! People bring out ideas I missed.:'

 

[Spaf]

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I think we all have a reason for concern. There is a lot of "ifs" remaining to be resolved: Election, oil, market advance, reports, etc. Thats my reason for playing it light right now. My stats still say long, but I am not playing with any 100%. I feel somewhat conservative till I get a clearer picture.

 

[learning]

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Well I was reading the San Deigo Trib at, signonatsandiego.com,(I believe that is where I found it. They said in the business section that the sells of adult stuff for Halloween is up. This seems to me to be a good indication that where headed towards a Good Christmas sells season. I really want the Santa Clause Rally, It was nice to me last year. I want more let the bulls run, Please. Crossing fingers and watching only. Will hold to see what election looks lke. Thanks again.

o

 

[coolhand]

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As if we don't have enough to think about, Osama weighs in after over a year. So far it seems like the market is taking it in stride, but the market was closed when the news hit, although futures were little changed.

Pete1 - thanks for the reminder. :^This election is not only as close as 2000 (or so it appears), but unlike that election year an awful lot oflawyers have been called in already.I would bet that unless this election is won by a decidedly largemargin (don't think that willl be the case)they are going tochallenge the outcome.An awful lot of emotion in this election. I'm inclined to think it does call for a conservative position in equities until the outcome is clear and emotions have had a chance to settle.

 

[Guest]

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Perhaps the citizens of San Diego have found an outlet for all their fears which seem pervasive these days.

 

[Show-me]

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I heard on theradio thatthe democraticparty has plans to haveat leasttwo corporate jet fully fueled, on standby, with lawyer's ready to go to any state that there is a close or contestable race. I can't remember if it was on news radio or talk radio.

 

[Rod]

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You can bet I won't be in stocks on election day!

 

[tsptalk]

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OK, I'll play devil's advocate and say that everyone who wants to bail for the election, knowing what happened in 2000, has bailed already. And you know what happens when everyone is bearish?

More of a hope than a prediction.

If I had to make a prediction (which isn't worth very much) I'd guess the market will do the opposite. That is, rise in the face of all this, then take a breather later in the week after it sucks in those bears who were on the sidelines missing the boat.

Remember, ifwe have a decisive winner Tuesday (big if), we could have a big gap up relief rally Wednesday.

 

[Rod]

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tsptalk wrote:

OK, I'll play devil's advocate and say that everyone who wants to bail for the election, knowing what happened in 2000, has bailed already. And you know what happens when everyone is bearish?

More of a hope than a prediction.

If I had to make a prediction (which isn't worth very much) I'd guess the market will do the opposite. That is, rise in the face of all this, then take a breather later in the week after it sucks in those bears who were on the sidelines missing the boat.

Remember, ifwe have a decisive winner for Wednesday morning, we could have a big gap up relief rally.

If it does, great for you. But I'd rather be safe than sorry. There's just too much uncertainty that I don't want any part in.

 

[Spaf]

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Tom - What I see is a crossroads looming. The market hit the lower low, firmed up and established a higher low, Last Thursday and Friday it firmed up again and is 12 points from the previous high. If it advances through 1142 (1142-1163 maybe)we could have our bull market back. Three choices, advance, volatile, or decline. I see it ready to advance. As always there are certain factors could prevent the advance. Therefore, I've lightenen stocks to 50% and will ready a transfer eather way for the AM. Hopefully, the bull will reapear!

 

[Mike]

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Spaf, you just made me think of the group Bone Thugs n' Harmony ("the crossroads").