Stock market took biggest plunge in history post election day

**rhino1** · 11-05-2008, 06:50 PM

Hmmm.....this is interesting....I wonder why this was

**Deltasaurus** · 11-05-2008, 06:53 PM

because all the big corps know there gunna start getting taxed like hell from Obama so they are selling like mad.

-AJ

**DSM4Life** · 11-05-2008, 06:58 PM

Good thing i dont know $hit about the stock market or it might have put me in a bad mood.

**rhino1** · 11-05-2008, 07:18 PM

Originally Posted by A2thej2008

because all the big corps know there gunna start getting taxed like hell from Obama so they are selling like mad.

-AJ

Yep....

i cant understand this....it is not logical...

Ok everyone.....here is your kool-aid....drink it down

**Kale** · 11-05-2008, 07:20 PM

I burned my toast this morning and I am blaming that on Obahma being elected president as well

**DSM4Life** · 11-05-2008, 07:22 PM

Originally Posted by Kale

I burned my toast this morning and I am blaming that on Obahma being elected president as well

You racist !

**rhino1** · 11-05-2008, 07:26 PM

Originally Posted by Kale

I burned my toast this morning and I am blaming that on Obahma being elected president as well

whats wrong with BLACK toast? you are racist

**Flagg** · 11-05-2008, 07:27 PM

I woke up this morning with a cold, wait a minute....Obama was elected this morning! (GMT).

I wonder why this is!

**rhino1** · 11-05-2008, 07:50 PM

I woke up with diarrhea...1st time ever...coincidence....I THINK NOT!

**Dizz28** · 11-06-2008, 12:35 AM

I think you have it backwards???

I was reading stories of stock markets climbing after the news Obama was elected in....here's one story

http://www.cnn.com/2008/WORLD/asiapc...ref=newssearch

**rhino1** · 11-06-2008, 12:37 AM

Originally Posted by Dizz28

I think you have it backwards???

I was reading stories of stock markets climbing after the news Obama was elected in....here's one story

http://www.cnn.com/2008/WORLD/asiapc...ref=newssearch

no it is not backwards....

http://www.stltoday.com/stltoday/bus...A?OpenDocument

http://www.bloomberg.com/apps/news?p...d=ahxDxARQcLBc

should i keep listing the sources? is two enough

**Dizz28** · 11-06-2008, 12:37 AM

Get your facts right before posting threads like this Rhino

Every BS thread you post just get me closer to the conclusion that you really don't know what the hell you are talking about, you just post to spread your uneducated opinion around

**Dizz28** · 11-06-2008, 12:38 AM

Originally Posted by rhino1

no it is not backwards....

yes, you really are backwards....

read that article....that's world stock market reports....they all climbed after news of Obama's election

**Deltasaurus** · 11-06-2008, 12:41 AM

Some one is having a bad day LOL ^^^^ dont blame OBAMA lol
Ron Paul is who we need boys he's LEGIT i really dont know how they let him even get elected in Texas but im glad he was

-AJ

**rhino1** · 11-06-2008, 12:41 AM

Originally Posted by Dizz28

I think you have it backwards???

I was reading stories of stock markets climbing after the news Obama was elected in....here's one story

http://www.cnn.com/2008/WORLD/asiapc...ref=newssearch

i understand you logic after reading you title about rejecting reality and substituting your own...

**rhino1** · 11-06-2008, 12:42 AM

Read the articles

**rhino1** · 11-06-2008, 12:43 AM

Nov. 5 (Bloomberg) -- The stock market posted its biggest plunge following a presidential election as reports on jobs and service industries stoked concern the economy will worsen even as President-elect Barack Obama tries to stimulate growth.

I didn't say anything other than what this STATES....

i never said world stock market

**rhino1** · 11-06-2008, 12:44 AM

your fvcking retarded....you are nothing but another kool-aid drinking socialist

And what makes your source and "facts straight" as apposed to mine?

**Dizz28** · 11-06-2008, 12:46 AM

Read this, man i really don't know where you scrounge up your data...Stocks rose, in our country also

http://www.ft.com/cms/s/0/ae0001a8-a...077b07658.html

**rhino1** · 11-06-2008, 12:48 AM

did you even read your article......here is a piece....

"Wall Street stocks yesterday enjoyed their strongest ELECTION DAY rally since the New York Stock Exchange first opened for trading ON PRESIDENTIAL POLLING DAY"

They rose on election day....NOT POST ELECTION DAY as I stated

fvck off you fvckin vag

**Dizz28** · 11-06-2008, 12:48 AM

http://ap.google.com/article/ALeqM5g...T08MAD94896D00

**Dizz28** · 11-06-2008, 12:49 AM

HAHAHA!!! they "plunged" to still higher then levels they were about a week ago

http://www.bloomberg.com/apps/news?p...LBc&refer=news

**Deltasaurus** · 11-06-2008, 12:51 AM

Originally Posted by Dizz28

yes, you really are backwards....

read that article....that's world stock market reports....they all climbed after news of Obama's election

Ok......

Originally Posted by rhino1

i understand you logic after reading you title about rejecting reality and substituting your own...

LOL

Originally Posted by rhino1

Read the articles

Lmao

Originally Posted by rhino1

Nov. 5 (Bloomberg) -- The stock market posted its biggest plunge following a presidential election as reports on jobs and service industries stoked concern the economy will worsen even as President-elect Barack Obama tries to stimulate growth.

I didn't say anything other than what this STATES....

i never said world stock market

Originally Posted by rhino1

your fvcking retarded....you are nothing but another kool-aid drinking socialist

And what makes your source and "facts straight" as apposed to mine?

Ok boys play nice before a Monitor Rolls through its Just a difference of opinions and sources ok LOL

**Dizz28** · 11-06-2008, 12:52 AM

Dow was at 9,139.27

about 1000 points higher then it was a week ago... and you're gonna blame that on Obama getting elected in office huh?

a couple (serious) questions for you:

1) did you grad highschool?
2) have you had any education after?
3) have you been paying attention the past couple months?

**rhino1** · 11-06-2008, 12:53 AM

well...im right

**rhino1** · 11-06-2008, 12:54 AM

Originally Posted by Dizz28

Dow was at 9,139.27

about 1000 points higher then it was a week ago... and you're gonna blame that on Obama getting elected in office huh?

a couple (serious) questions for you:

1) did you grad highschool?
2) have you had any education after?
3) have you been paying attention the past couple months?

http://abclocal.go.com/kabc/story?se...rticle-6490092

NEW YORK -- A case of post-election nerves sent stocks plunging Wednesday as investors, again anxious about a recession, began questioning what impact a Barack Obama presidency will have on business and the overall economy. The Dow Jones industrials dropped more than 400 points and the major indexes all fell more than 4 percent.

I didnt blame it on him PRICK.....EVERYONE ELSE DID

READ THE ARTICLE....im not making this up....

Your source states they rose....ON ELECTION DAY....

My thread is about a post election day plunge in stocks....I have proven this....

BACK THE FVCK OFF

**Dizz28** · 11-06-2008, 12:58 AM

Originally Posted by rhino1

I didnt blame it on him PRICK

coulda fooled me with your first 3 posts...

you did

And BTW Bush was and is still in office during the 3 record breaking drops the DOW has had

**rhino1** · 11-06-2008, 12:59 AM

ok....whatever

yea thats great...we all got the memo...bush sucks

If you would care to be rational and take notice....this thread is not about bush....it is a about EVERY post election day stock market close. This one is unique because it is the day after obama was elected....that and it is the greated drop ever recorded POST ELECTION DAY

**Dizz28** · 11-06-2008, 12:59 AM

Originally Posted by A2thej2008

Ok......

LOL

Lmao

Ok boys play nice before a Monitor Rolls through its Just a difference of opinions and sources ok LOL

The peanut gallery has spoken it's concern....

**Dizz28** · 11-06-2008, 01:01 AM

Originally Posted by rhino1

ok....whatever

So let's not start threads like this, Ok? or at least, get your facts good and straight before you do....mmmmkay?

**rhino1** · 11-06-2008, 01:02 AM

the facts are straight beederman-you are so sophmoric

**T_Own** · 11-06-2008, 03:31 AM

rough debate.. although none of it holds any water whatsoever. if you have anything invested in the stocks you would know it doesn't matter what it is today or tomorrow or next week. revisit this thread 4 years from now and compare the numbers. if it has risen at all then you know obama has done somthing right. stocks are made to go up and down, thats how you make money. there will always be down swings, some more prominent than others (like this one) but throughout history it has always rebounded. the stock market is not a place to cut your loses. unless your borderline broke, it makes no sense to sell when its down, holding on to it will yield much better results, even if its only a 1% margin from when you bought it.

i know most of this firsthand, through the recent 2 quarters my mom is bordering on 7 figure losses, but in time it should all return and then some as the market booms back up again.

**rhino1** · 11-06-2008, 04:15 AM

Im sure it will be way up tomorrow...Im just citing a statistic on post election day stock exchange closing values...thats all

**Dizz28** · 11-06-2008, 09:52 AM

Originally Posted by T_Own

rough debate.. although none of it holds any water whatsoever. if you have anything invested in the stocks you would know it doesn't matter what it is today or tomorrow or next week. revisit this thread 4 years from now and compare the numbers. if it has risen at all then you know obama has done somthing right. stocks are made to go up and down, thats how you make money. there will always be down swings, some more prominent than others (like this one) but throughout history it has always rebounded. the stock market is not a place to cut your loses. unless your borderline broke, it makes no sense to sell when its down, holding on to it will yield much better results, even if its only a 1% margin from when you bought it.

i know most of this firsthand, through the recent 2 quarters my mom is bordering on 7 figure losses, but in time it should all return and then some as the market booms back up again.

What about people that are retiring today and next week? Or that have already retired and rely on that for income?

**T_Own** · 11-06-2008, 10:14 AM

well i hope if they retire in the next week they have enough to last them til the economy comes back up.. if you consider retirement to be 30 years, and you have invested JUST ENOUGH to make it 30 years, the market isn't down to 0%. it might be around 25% but not much lower. that means they can go for 7 years at this rate before they are broke. so i wouldn't have a heart attack just yet.

if they are already retired they would probably have some or most of it out of the market already for reasons just like this. you can't risk money when you no longer have more coming in.