Comments on: the market speaks

By: DirtCrashr

DirtCrashr — Thu, 06 Nov 2008 20:36:20 +0000

So… The soaring economic upswing on gun and magazine purchases that is directly attributable to Obama’s election as so many people have said – but the Dow falling even farther today is not? Can’t compare the two, it’s foolish, right? I get it – and it’s Bush’s fault too.

By: Sebastian-PGP

Sebastian-PGP — Thu, 06 Nov 2008 01:52:27 +0000

When they almost passed SB43 a couple years ago here in MD (would have banned everything other than six shooters and breach loader shotguns…no pumps, no semi auto rifles, etc), AR receiver sales went through the roof. I still have mine in the closet, haven’t built it up yet as I’m a pistol and shotgun guy…but man, might be time to start on that before I have to bury it in the backyard.

My hope is that between the situation in the ME, the economic crisis, and all the other more pressing issues, the Obamatrons won’t want to spend much political capital going after guns in a post Heller world.

By: Bobby

Bobby — Thu, 06 Nov 2008 00:51:34 +0000

And, obviously, its Bush’s fault.

By: Sigivald

Sigivald — Wed, 05 Nov 2008 23:10:32 +0000

“Buy on the rumor, sell on the news”.

This, as others have said, tells us very little.

By: SayUncle

SayUncle — Wed, 05 Nov 2008 21:45:49 +0000

d’oh.

And it is silly.

By: tgirsch

tgirsch — Wed, 05 Nov 2008 21:40:23 +0000

Oh, and Xrlq is right: attempts to tie single-day market performance to an election outcome are pretty silly.

By: tgirsch

tgirsch — Wed, 05 Nov 2008 21:39:44 +0000

Good for investment in lead and steal though

Freudian slip often? I think you mean “steel.”

By: Stormy Dragon

Stormy Dragon — Wed, 05 Nov 2008 21:28:02 +0000

If today�s market was mad about Obama winning, then yesterday�s market must have been pretty dim.

Maybe the market is made up of a large number of people who have all sorts of different reasons for buying or selling and trying to attribute intentions to the market as a whole is a mistake.

By: Xrlq

Xrlq — Wed, 05 Nov 2008 20:57:31 +0000

If today’s market was mad about Obama winning, then yesterday’s market must have been pretty dim. Did it actually think McCain was going to pull off a 6-point upset?