Al Gore vs George Bush: the moderate's perspective Message Board

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Politics : Al Gore vs George Bush: the moderate's perspective

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To: pezz who wrote (5751)	11/13/2000 12:05:09 AM
From: David Howe	Read Replies (2) of 10042

pezz, << Funny... I thought it was Bush crashing the market.....I learn something new every day on these threads >> Let me fill you in on something. I watched the futures market the night of the election (Tuesday). There were very wild swings that went as follows: Gore declared the winner of Florida. Futures down dramatically indicating a very large selloff in the markets. Florida moved back into the undecided category. Futures recover to neutral. Bush declared the winner of the election. Futures move sharply higher indicating a large rally for the next day. Florida again becomes too close to call. Futures move lower and lower as the gap closes. Following the election itself. The markets have sunk further and further the more it looks like Gore has a chance to win. Yes, uncertainty causes market weakness, but the idea of Gore in office is also scaring the market. The good news is that once this uncertainty is resolved once and for all, the market will rally. It will be a sharp rally, but not necessarily one that will lead us into the next bull market. In my opinion. Dave

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