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  1. #1 Stock Market Down On Inaug Day 
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    Stock market down more than 2% this afternoon on Inaugural Day. Not the hope and change most investors had in mind. My ultra short financial ETF is up 19.3% today. Can we swear this sucker in every day of this week. :)
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    Quote Originally Posted by lacarnut View Post
    Stock market down more than 2% this afternoon on Inaugural Day. Not the hope and change most investors had in mind. My ultra short financial ETF is up 19.3% today. Can we swear this sucker in every day of this week. :)
    According to the news last night, the stock market has gone down on the last 10(?) inauguration days. From Fox News:
    The markets, which have a history of performing badly during changes of power, are on pace for their worst Inauguration Day performance since Lyndon Johnson took the oath of office in 1963.

    "As Barack Obama prepares to assume the presidency...an event that will surely change everything about the remainder of his life, for the stock market, not much is different,” Dan Greenhaus, equity analyst at Miller Tabak, wrote in a research note. “Credit concerns continue to weigh on the market and apparently no quantity of money can satiate those concerns.”
    "Because we're a great nation, our challenges seem complex; it will always be this way. But as long as we remember our first principals and believe in ourselves, the future will always be ours." -Reagan
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    Quote Originally Posted by AHeneen View Post
    According to the news last night, the stock market has gone down on the last 10(?) inauguration days. From Fox News:
    I did not know that. Correction: The market was down a whopping 4% today. Been traveling the road the last couple of hours. Can we inaugurate him a few more days; my shorted ETF stock went up 28.75%.
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    Senior Member tacitus's Avatar
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    Wait until tomorrow, it will probably sink lower. :mad:
    "If every poor man is to come here and start requesting money for all his children, the applicants will never be satisfied and the nation's finances will collapse." Emperor Tiberius: Tacitus:Annals




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    Quote Originally Posted by tacitus View Post
    Wait until tomorrow, it will probably sink lower. :mad:
    It might go up a little bit. The financials were slaughtered today. I am up around 50% on shorting them suckers just in the last month. CITI is going down, down, down. Brainchild R. Rubin, director, was partly responsible for their dive in value.
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    The 21st century. The age of Smart phones and Stupid people.

    It is said that branches draw their life from the vine. Each is separate yet all are one as they share one life giving stem . The Bible tells us we are called to a similar union in life, our lives with the life of God. We are incorporated into him; made sharers in his life. Apart from this union we can do nothing.
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    Quote Originally Posted by tacitus View Post
    Wait until tomorrow, it will probably sink lower. :mad:
    No, it went up quite a bit.
    "Today, [the American voter] chooses his rulers as he buys bootleg whiskey, never knowing precisely what he is getting, only certain that it is not what it pretends to be." - H.L. Mencken
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  8. #8  
    Senior Member tacitus's Avatar
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    That was yesterday, today it's headed down - again.

    DJIA8,059.17-168.93-2.05%NASDAQ1,462.08-44.99-2.99%S&P 500821.93-18.31-2.18%

    No bounce in stock market from Obama inauguration


    Acknowledging the global economy’s woes, Obama suggested that Wall Street would see greater oversight: “Without a watchful eye, the market can spin out of control,” he said in his address.
    Investors are expecting that Washington will be a central part of the economic recovery. But the first hours of the new administration did little to ease their concerns.
    "If every poor man is to come here and start requesting money for all his children, the applicants will never be satisfied and the nation's finances will collapse." Emperor Tiberius: Tacitus:Annals




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