The Markets
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The Markets
| Thu, 11-06-2008 - 4:52pm |
The Markets are always going to fluctuate up to and right after an election, but because we have a real economic crisis right now it is interesting to watch.
Just my Humble opinion, but I would said that

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The market was improving quite a bit today until the GM annoucement ( $2.54 billion third-quarter loss and possibly going to run out of money in the coming year).
Yes, and also
Ouch!
I understand re: a travelling spouse (my wife was previously an actor).
Actually, I believe that the market was already priced to reflect the expected obama win. If mccain had won, the market was expected to improve.
It has been a few years since I studied finance, but believe the market decline was caused by the turmoil in the market (e.g., investments in mortgage backed securities by AIG). I believe that the recent market decline was more directly related to the unemployment announcement.
Sorry for randomly jumping in,but looks like an interesting board and thread
Heather
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