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Hot Topic (More than 10 Replies) - last time Democrats won the Congress election stock market crashed in 2008-2009 (Read 195 times)
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Re: - last time Democrats won the Congress election stock market crashed in 2008-2009
Reply #10 - Oct 11th, 2018 at 5:58pm
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wyattstorch2004 wrote on Oct 11th, 2018 at 2:28pm:
Yes, the uncertainty is quite possibly one of the recent stock market drop.

Remember in 2016, there was a lot of certainty that Clinton would win.  Then, as the results rolled in and Trump was looking stronger, market futures dropped a lot when it got to 50/50.  Then it recovered a lot of that when thorughout the night as it became more certain.

- that market drop on election night was wrong thinking by traders - remember the fake news liberal media claimed Trump winning would mean a bad economy and bad stock market? - it was propaganda to help Hillary win - the market rallied in a bull market after Trump won and the economy grew at a strong rate

- btw - soon as the futures dropped it was known the election was won by Trump - traders sold knowing the result but thinking that was bad till people realized it was good and bought
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Re: - last time Democrats won the Congress election stock market crashed in 2008-2009
Reply #11 - Oct 11th, 2018 at 7:06pm
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admin wrote on Oct 11th, 2018 at 5:58pm:
- that market drop on election night was wrong thinking by traders - remember the fake news liberal media claimed Trump winning would mean a bad economy and bad stock market? - it was propaganda to help Hillary win - the market rallied in a bull market after Trump won and the economy grew at a strong rate


So sometime between "it looks like Trump suddenly has a decent chance of winning, but it is still a toss up" and "Trump doing anything" the market realized Trump was going to be awesome for the economy and recovered that loss?  Much of it by the next day?

I don't think that makes a lot of sense.  Uncertainty makes more sense.

Quote:
- btw - soon as the futures dropped it was known the election was won by Trump - traders sold knowing the result but thinking that was bad till people realized it was good and bought


https://money.cnn.com/2016/11/08/investing/global-markets-stocks-trump-clinton-u...

Look at the chart at that link.  The valley was around 10 PM.

And if you look at this post from NYT, they point out that 10 PM was the time that the odds started to look more favorable for  Trump.  Or, in other words, more certain.

https://www.washingtonpost.com/news/the-fix/wp/2016/11/08/live-election-odds-fro...

Uncertainty is bad for markets.  While everything was up in the air in the mid to late evening, markets were falling.  Once things seemed more certain one way or another, the markets rebounded.
  
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Re: - last time Democrats won the Congress election stock market crashed in 2008-2009
Reply #12 - Oct 11th, 2018 at 7:10pm
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admin wrote on Oct 11th, 2018 at 11:47am:
- last time Democrats won the Congress election stock market crashed in 2008-2009
- Pelosi radical Democrats won the House and Senate in the midterm election of 2006
- polls say Democrats can win and Stock market is down
- will the market crash again if Democrats win the House?

I thnk that had more to do with GWB than the congress.
  

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Re: - last time Democrats won the Congress election stock market crashed in 2008-2009
Reply #13 - Oct 11th, 2018 at 10:41pm
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patrick2 wrote on Oct 11th, 2018 at 2:21pm:
People talk about interest rates as a cause, but I think uncertainties about the election are part of what's driving the sell-off.


There are other reasons for the dip now. It may not return until after the elections, and probably not go up if the socialist party does take the house. I find it so hard to believe why people vote to hurt themselves. Things are going very well at this time, why do so many vote to hurt themselves. I don’t get it.

Smiley
  

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Re: - last time Democrats won the Congress election stock market crashed in 2008-2009
Reply #14 - Oct 12th, 2018 at 4:16am
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admin wrote on Oct 11th, 2018 at 11:47am:
- last time Democrats won the Congress election stock market crashed in 2008-2009
- Pelosi radical Democrats won the House and Senate in the midterm election of 2006
- polls say Democrats can win and Stock market is down
- will the market crash again if Democrats win the House?


Quote:


last time Democrats won the Congress election stock market crashed in 2008-2009


Isn't it more like a question to why when the REPUBLICANS controlled ALL branches of Gov in the early 2000's, they didn't do anything about the policies which created the Great recession to begin with?


Yep, corrected it for ya Wink


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All throughout our American history, world history, "ordinary people can do extraordinary things"


un·known quan·ti·ty
noun
a person or thing whose nature, value, or significance cannot be determined or is not yet known.
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Re: - last time Democrats won the Congress election stock market crashed in 2008-2009
Reply #15 - Oct 12th, 2018 at 4:21am
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After all the threads about Trump being responsible for the stock market increases, now it’s congress’s responsibility again?
  
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Re: - last time Democrats won the Congress election stock market crashed in 2008-2009
Reply #16 - Oct 12th, 2018 at 4:24am
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Luther wrote on Oct 12th, 2018 at 4:16am:
Isn't it more like a question to why when the REPUBLICANS controlled ALL branches of Gov in the early 2000's, they didn't do anything about the policies which created the Great recession to begin with?


Yep, corrected it for ya Wink


You'll be the GOP's public cheerleader no matter what Roll Eyes



Yeah, it’s funny considering Democrats had no power to pass their preferred legislation during the last two years of GWB but the stock market had no problem rising in 09-10 when Democrats did control the two law-making branches.
  
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