2008 And Wall Street…
posted by on November 4 at 14:40 PM
A broad-based stock rally on Tuesday left the market with its biggest gain ever on a presidential Election Day.I’m not saying anything.The Dow Jones Industrial Average climbed 305.45 points to 9625.28, leaving it up 3.3% on the day and easily outpacing the previous record Election Day gain of 1.2% set in 1984 as President Reagan won a second term in a landslide over Walter Mondale. Prior to that, the New York Stock Exchange shuttered trading during balloting for the presidency.
In Indiana, I learned today, the liquor stores are shuttered when the polls are open!
Good thing I've got a bottle of bourbon in the cabinet.
and tomorrow, the profit taking. and the oil production cutting. and the hoarding.
oil production cutting
I am.
America is coming back, and our long national nightmare of Socialist Republican incompetence and greed is ending, as we move forward in hope and prosperity.
Boo ya!
(caveat - I invest 19 percent of my income)