Thursday, November 06, 2008

The Markets Rally in a Massive Obama Bounce!

... at least I think it's a rally. It is, isn't it?

Hope! Hope and change!

I wish I'd cashed out on election day.

Update: This might have something to do with it.
Meanwhile, House Financial Services Chairman Barney Frank said in an interview that he is weighing tougher rules on shareholder rights and stricter conditions on the $700 billion financial rescue package.

Mr. Frank added that a central point of Democrats' plans would be the creation of a "systemic-risk regulator." It could have unprecedented powers over a wide range of financial institutions, from insurance firms to hedge funds ...
Excellent. More centralized control from the people that brought you the crisis in the first place.


Anonymous said...

Election day was waaay too late to cash out. Should have cashed out as soon as McCain's post-convention bounce went away. That's pretty much when it became apparent where we were going, and soon the markets figured it out.

Several have asked* whether the markets did poorly because Obama was winning, or whether Obama was winning because the markets were sagging. The next few weeks ought to answer that question.

*Yes, I've seen others write that the causality question is as stupid as the "several have asked" grammar, but I still like it :-)

K T Cat said...

I got in near the bottom a few weeks back. I was doing pretty well until the last two days.


Kelly the little black dog said...

Silly, you need to turn the graph the other way!