Yeah breeze, I wouldn’t be waving your flags and jumping around just yet. 300 points is nothing compared to the swings we have been seeing. Also, if OB gets elected, look for huge sell-offs in Dec before the capital gains tax will be implemented. The stock market is driven by a lot of things, including emotion. This is an emotional day in which most people are in a postive mood. If we maintain a steady 300 point gain for over a week after he is elected, I will be optimistic. However, I think any turn around should be attributed to the end of a bearish market as we have seen stocks bouncing off the bottom and consolidating for a couple weeks now. Giving full credit to OB and not the technicals is equal to me praying for rain for the past two weeks and having it actually rain this morning in SD. Besides, all the analyst talk about “stock price drops if OB is elected have already been factored in to current prices” which isn’t a positive connotation. I know you believe he is your Messiah and after he is elected he will simply say “RISE” while making an upward motion with his hands and the DOW will break 12,000, but it isn’t going to be this simple. I wish it was.
