What an election it was! Congratulations Barack Obama; America believes you are the one who will fix this country and bring true positive change to Washington. But how was the market on election day?
According to the New York Times "reduced volatility and easing in the credit markets helped give stocks their strongest Election Day rally in 24 years." The S&P 500 closed above 1000, the first time since Oct.13 and the Nasdaq continued its positive gain for the sixth time in a row. "At the close, the Dow Jones industrial average was up 3.28 percent, or 305.45 points, to 9,625.28."
It seems the volatility of the market had calmed on election day. Globally, international markets had risen as well. The Tokyo Nikkei rose 2.8 percent, according to the New York Times, and "he Dow Jones Euro Stoxx 50 index, a barometer of euro zone blue chips, rose 5.56 percent, while the FTSE 100 index in London jumped 4.42 percent. The CAC 40 in Paris gained 4.62 percent, and the DAX in Frankfurt was up 5 percent."
So what do you think America? Are the gains from election day reflecting the hopeful Americans who believe in Barack Obama? Has the "bear market" taken a rest and are the next 4 years destined for positive change?
Wednesday, November 5, 2008
Tuesday, November 4, 2008
Links
The information I gather are from various sources including the Washington Post, CNN, and MSNBC. Here some more links for you stock market scholars out there:
The CQ Researcher Blog provides in depth posts on current issues at hand such as the bailout. One post called "The New Report: Financial Bailout," posted on October 24, 2008, highlights the key points of the bailout and critically questions whether this plan will work and links to an overview of the issue. The writer states it's a "$700 billion rescue bill early this month. Part of a sweeping $1 trillion government plan to calm the stock market and unfreeze credit..." and "mortgage giants Fannie Mae and Freddie Mac, which together hold or guarantee $5.4 trillion in mortgage loans – 45 percent of the national total..." "Did Fannie Mae and Freddie Mac cause the financial crisis?" The answers to these questions can be inferred from the information provided on the CQ Researcher Blog.
The New York Times always has up-to-date articles regarding the economy and the stock market. From updating the status of today's global economic status to analyzing the Federal government's attempts at fixing the economic meltdown, the New York Times reports quickly and deeply on each issue. Just this past Halloween, the New York Times writes that there is second guessing on the already passed Bailout bill.
Business Week is just what is sounds like, it's straight up Business. Not only does this online magazine provide updated statistics, it also analyzes each presidential candidate's proposal on fixing the economic in a non-biased manner. "McCain wins fans in India...Indians have profited greatly from the Bush pro-outsourcing policies" They also provide the questions that voters and the American public need to think about: Are each of the candidates ready for presidency and to immediately jump on the economic crisis? Business Week provides the facts to make you think and know about today's markets.
The CQ Researcher Blog provides in depth posts on current issues at hand such as the bailout. One post called "The New Report: Financial Bailout," posted on October 24, 2008, highlights the key points of the bailout and critically questions whether this plan will work and links to an overview of the issue. The writer states it's a "$700 billion rescue bill early this month. Part of a sweeping $1 trillion government plan to calm the stock market and unfreeze credit..." and "mortgage giants Fannie Mae and Freddie Mac, which together hold or guarantee $5.4 trillion in mortgage loans – 45 percent of the national total..." "Did Fannie Mae and Freddie Mac cause the financial crisis?" The answers to these questions can be inferred from the information provided on the CQ Researcher Blog.
The New York Times always has up-to-date articles regarding the economy and the stock market. From updating the status of today's global economic status to analyzing the Federal government's attempts at fixing the economic meltdown, the New York Times reports quickly and deeply on each issue. Just this past Halloween, the New York Times writes that there is second guessing on the already passed Bailout bill.
Business Week is just what is sounds like, it's straight up Business. Not only does this online magazine provide updated statistics, it also analyzes each presidential candidate's proposal on fixing the economic in a non-biased manner. "McCain wins fans in India...Indians have profited greatly from the Bush pro-outsourcing policies" They also provide the questions that voters and the American public need to think about: Are each of the candidates ready for presidency and to immediately jump on the economic crisis? Business Week provides the facts to make you think and know about today's markets.
Subscribe to:
Posts (Atom)
