After the Election is Over
Posted on | November 8, 2008 | No Comments
It depends on who you listen to as to what is happening to the economy. I always like to listen and see what people say about the markets as they ebb and flow. If you follow the markets like I do, you realize that there were several key elements of information that was released right after the election. The first was retail numbers released on Wednesday indicating that retailers are having a tough time this year. This coupled with the news in the auto industry brought the Dow down.
It stayed down and continued to tumble on Thursday as unemployment numbers were released. This downward trend is expected to continue until we get to the bottom. Unfortunately, no one knows where the bottom is. For anyone who believes the stock market has turned downward due to the election only need to look back at the news on Monday. There were several reports that indicated the no matter who won on Tuesday, they would be experiencing a probable downturn by the end of the week once these pivotal numbers were released. The market is not down due to who was elected on Tuesday. Sometimes, it just is what it is.
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