Yeah I didn't mean it was just those two guys that caused a 7% rally. The billionaire club gets the ball rolling and the HFT and sheep follow. It's a good way to stop a panic, has worked many times before until it doesn't.
Anyone knows or remembers if we usually get a honeymoon period after a new President is elected? India and Argentina rallied pretty hard after they got a new President not too long ago.
Everyone has been conditioned to buy the dip, and for good reason it hasn't failed in a long time. As an added benefit the first to action stands to make the most. Dimons massive purchase in February comes to mind as another recent example of a successful attempt to stop panic which has paid off handsomely. These guys saw an oppurtunity that could pay off and they took it, with the added benefit or protecting their long positions from a violent panic induced sell off. Markets rise, you get one gracious speach, and now suddenly the entire tone has changed to all the benefits Trump and the republicans will provide for the economy. Not sure what has changed in Trumps policies since yesterday, but right now that isn't really important. And let's be honest this isn't real money, it's stocks and derivatives. Comes and goes in the blink of an eye, like poker chips. It's not real until you cash out.
cnbc had some stats for that, i wish i could find the article. if i recall they said the day after obama was elected in 08, markets were down 5% and in 2012 they were down 1% i think. and for bush, the markets were up big in 2000 and 2004, i dont recall the exact numbers.
As far as I know they are open. BTW: I created a UVXY thread for you http://stockaholics.net/threads/uvxy-proshares-ultra-vix-short-term-futures.3093/#post-32637
@stock1234 here's data that goes back to 1932 that has the performance of the spx the day after the election as well as the full week % change and the % change for both november & december (incumbent victories are shaded in light grey)
Top of the morning Stockaholics! Spoiler: 11/10 Thursday's Stock News Movers: KSS, MET, COP, PRTY, BBY, SHAK, TWTR, TASR, YHOO, PFE, CAG & more 11/10 Thursday's Stock News Movers: KSS, MET, COP, PRTY, BBY, SHAK, TWTR, TASR, YHOO, PFE, CAG & moreGood day Stockaholics! Happy Thursday! Frontrunning: November 10 Trump Victory Starts New Era for GOP (WSJ) President-Elect Trump Goes to Washington to Begin Transition (BBG) Trump Team Plans First Months (WSJ) The Promises of President-elect Donald Trump, in His Own Words (BBG) Donald Trump Transition Team Planning First Months in Office (WSJ) Europe’s Populists Hail Trump’s Win (WSJ) Merkel's conservatives warn of Trump effect in Germany (Reuters) Democrats Seek a Fresh, More Inclusive Approach (WSJ) Obama’s Environmental Legacy Is Up in Smoke (BBG) China state media warns Trump against isolationism, calls for status quo (Reuters) Stocks and Metals Surge Again After Trump’s Victory (BBG) Bank Stocks in Europe Soar (WSJ) Trump promised to repeal Obamacare. Now what? (Reuters) Trump eyeing GOP lawmakers for Cabinet posts (Hill) Trump Victory Wipes $337 Billion Off Market as Global Bonds Drop (BBG) Russia Says It Was in Contact With Trump’s Team During Campaign (Bloomberg) 'Crashing waves' of jihadists fray soldiers' nerves in Mosul battle (Reuters) Katy Perry Ditches Alibaba’s Concert After Anti-Trump Tweets (BBG) For Canadian Trade Insiders, Trump Is All Talk on Killing Nafta (BBG) Two police shot in Pennsylvania, manhunt launched: media (Reuters) ConocoPhillips cuts budget 4 percent, to buy back $3 billion in shares (Reuters) Egypt Secures $2 Billion as IMF Approval Nears (BBG) STOCK FUTURES NOW: YESTERDAY'S MARKET HEAT MAP: YESTERDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): M KSS GWPH TUBE SODA SHAK ADBE LABD KORS AZN TASR PRGO MCRB SEDG INSY HIMX WIX ADAP RL XLF MET ZYNE SGEN THIS MORNING'S PRE-MARKET EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Kohl's — The retailer reported adjusted quarterly profit of 80 cents per share, 10 cents a share above forecasts. Revenue was very slightly above estimates. Same-store sales did fall by 1.7 percent, but that drop was in line with analysts' projections. MetLife — The insurance company announced a new $3 billion share repurchase program, marking a return to buybacks after a suspension earlier this year. ConocoPhillips — The energy giant unveiled a new $3 billion share repurchase program as well as saying it would initiate a $5 billion to $8 billion asset divestiture program. Party City — The party supplies retailer fell four cents a share short of estimates, with quarterly earnings of eight cents per share. Revenue was also short of expectations. The company said it was impacted by a soft Halloween season, as well as a "more distracted consumer," but is generally pleased with its overall outlook. Best Buy — The electronics retailer will open at 5 p.m. local time on Thanksgiving Day, and will make some of its Black Friday deals available in stores and online today. ConAgra Brands — The company's spin-off of its Lamb Weston business is complete as of today, as is the food producer's name change from ConAgra Foods. Shake Shack — The restaurant chain reported quarterly profit of 15 cents per share, one cent a share above estimates. Revenue also beat forecasts. Shake Shack saw comparable-store sales rise a stronger-than-expected 2.9 percent for the quarter, and it raised its full-year guidance. Twitter — Chief Operating Officer Adam Bain is leaving the company to explore other opportunities. He'll be replaced by Chief Financial Officer Anthony Noto, and the company will initiate a search for a new CFO. Mylan — Mylan earned an adjusted $1.38 per share for its latest quarter, seven cents a share shy of estimates. The drugmaker's revenue missed the mark, as well, hurt by the controversy over pricing of its EpiPen product. Taser International — Taser came in a penny a share above estimates, with quarterly profit of seven cents per share. The maker of law enforcement equipment also saw revenue beat Street forecasts as sales of body cameras surged. Separately, Taser announced the departure of Chief Financial Officer Dan Behrendt to pursue other opportunities. Alexion Pharmaceuticals — Alexion will delay filing its quarterly report as it investigates allegations of improper sales practices by a former employee. Perrigo — The maker of store-branded generic drugs plans to review options for the rights to royalties from multiple sclerosis drug Tysabri. Activist investor and stakeholder Starboard Value has been pressuring the drug maker to execute moves that will help its stock price. AstraZeneca — AstraZeneca reported falling revenue, but rising earnings, as it counters competition for its cholesterol drug Crestor with cost cutting, growth in new products, and asset sales. Yahoo — Yahoo is investigating a possible hacking, looking into whether an unidentified hacker can access its user account data. Yahoo disclosed the probe in an SEC filing. The news follows the revelation of the 2014 hacking that exposed more than 500 million user accounts. Pfizer — Pfizer is considering a possible sale of spin-off of its consumer health division, according to Reuters. The unit could be worth as much as $14 billion. Have a good trading day to everyone in here on this Thursday!
so far looking like a follow through rally, interesting. im waiting to see how the week will end before i pass any judgment.
if the week were to close right here this would be the 2nd best election week on record ... we're currently up +4.65% for the week right now ... the last best election week was in 1996 where the spx closed up +3.84% for that election week ... the best ever? it was in 1932 -- that election week ended +10.03%
whoa talk about a bullish market... we've got: markets up and hitting new highs treasury yields up and at highs for the year us dollar up and near recent highs copper surging transports leading small caps doing well hot damn lol
everything surging except high yield stocks because of the 10 year and then we have....the FANG stocks...how can the market go up without its former leaders? interesting and now the nasdaq turned negative.
man im so confused, TLT just reversed and went positive, vix reversed and is up 12% man they are really taking it to the FANG stocks this morning, wow!
ATVI approching its 200 SMA, possible buy set up. TWLO basing at $30, but stock still looks terrible.
