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bloomberg.com - 11/4/2008
U.S. Stocks Advance in Biggest Election Day Rally Since 1984
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Nov. 4 (Bloomberg) -- U.S. stocks advanced in the biggest presidential Election Day rally in 24 years, led by energy and banking shares, on rebounding commodity prices and speculation the Treasury will bail out more financial companies. General Electric Co. added 7.6 percent while CIT Group ...
Likely S&P 500 Bottom: 600, Down 40% From Here
clusterstock.com - 11/3/2008
Likely S&P 500 Bottom: 600, Down 40% From Here
— clusterstock.com — GranthamS&Pprofitmargins.png The good news: The S&P 500 is trading near fair value. The bad news: If the... current post-bubble low follows previous post-bubble lows, the S&P 500 will probably bottom around 600. First things first, however: Long-term ... (more) Likely S&P 500 Bottom: 600, Down 40% From Here

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The Learning Curve by Muckdog:  Armageddon is Off the Table

TRUTH ON THE MARKET:  Feeding at the trough

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Armageddon is Off the Table
The Learning Curve by Muckdog — ... Biggest election day rally since 1984. "The market has come to the conclusion that Armageddon is off the table," said Philip Orlando. ...

Feeding at the trough
TRUTH ON THE MARKET — I love it!  Today saw the “biggest presidential election day rally [in the stock markets] in 24 years.”   And why, you ask?  Is it because the seemingly-certain Obama victory has calmed all our fears of economic catastrophe (to say nothing of terrorist-induced catastrophe)?  Nope.  According to Bloomberg, U.S. stocks advanced in the biggest presidential Election Day rally in 24 years, led by energy and banking shares, on rebounding commodity prices and speculation the Treasury will bail out more financial companies. General Electric Co. added 7.6 percent while CIT Group Inc. and Principal Financial Group Inc. climbed more than 22 percent ...

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