[quote=TheBreeze]It looks like the markets did exactly as I predicted. YESTERDAY I predicted that the market would rocket on prospects of an Obama victory. It did. Later on in this same thread, I predicted that TODAY would be a ‘sell the news’ situation. I figured that the market would wake up from yesterday’s jubilation, realize that Dumbya was still President, and sell off. Again, I was spot on.
READING COMPREHENSION, people. Live it, learn it, love it.[/quote]
One can very easily spin it the other way. Market rally because McCain was closing in on Obama and there might be a tiny chance Obama wouldn’t win. When Obama won, the market sold off. Spin baby spin.
Why didn’t the market wake up in jubilation that Chimpy is done and “The One” is going to be in charge. Market doesn’t live in the current. It lives in future expectation. But I guess you’re too smart to see that.
