Bye Bye Banks and Wall Street

[Kevy Baby]

Originally Posted by Isaac

Yeah but let's see if it can maintain that 936 points.

Somehow I doubt it.

It'll be pretty topsy turvy for a while, mostly rising a bit before the election, then dropping a bit after the election. After that, it will slowly rise again.

I personally believe we have, for the most part, seen the worst of it.

[Morrigoon]

Originally Posted by Kevy Baby

It'll be pretty topsy turvy for a while, mostly rising a bit before the election, then dropping a bit after the election. After that, it will slowly rise again.

I keep meaning to address this. Typically, uncertainty causes turmoil in the markets, this includes uncertainty in elections. So the market will have issues leading up to the election, followed by a small rally after the election, regardless of who actually wins. And regardless of who actually wins, the media will think it reflects some sort of market confidence in the winner, when all it really reflects is that now they know who they'll be dealing with and can invest accordingly.

As to whether the rally will have any sticking power or not, I have no idea. I tend to think not because eventually the dismal Christmas retail #s will come in, and everyone will act surprised at how little we all spent this year. But this part is pure guess.