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If the stock market was upset by the election results....

Posted: Nov 4, 2010

They got over it! Closed UP 220 points today. Another naysayer argument bites the dust.

;

Actually, I think the market LOVED the election results.nm - TX

[ In Reply To ..]
nm

It is just as I said - Federal Reserve injection

[ In Reply To ..]
"Much of today's gains comes as a result of the government pumping money into the market," said Joe Kinahan, the chief derivatives strategist at TD Ameritrade.

The dollar fell against other currencies as traders anticipated lower U.S. interest rates because of the Fed's bond-buying program. Crude oil, gold and other commodities rose.

Wall Street is going to make some money for awhile, then what? Inflation will probably follow. By the way, Obama is not in charge of the Federal Reserve.

You know what? I think its time to give up EVER - understanding the market!!!.nm

[ In Reply To ..]
nm

Market is up and down over anything and everything. - Glad I dont have my money in it anymore.nm

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nm

Me too - I'm out forever! As soon as I can find - a credit union, Im out of banks, too.

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.

Do business locally - small community banks

[ In Reply To ..]
How about the local community bank instead of Citi, or Bank of America? How about the local hardware, lumber, or drug store instead of Wal-Mart and Home Depot? That is, if you can still find one. I appreciate that Home Depot employs people here, However, when we have a storm and the people need to close the store, they cannot close until corporate in Georgia okays it. If I look at the greenhouse plants at Home Depot, they are selling plants that do not grow in our area. Love those corporations. When you do go shopping, it is almost impossible to find stuff manufactured in the US.

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