October surprise? Rumor or not? But something we should keep our eyes & ears open for....

[jillan]

This is from someone I know that is a stock trader, I have no other source, but as I said in my title - it is something we should watch for and does seem completely plausible esp w/ CEOs telling employees to vote for Mittwit....

this is a direct quote from the email I received:

Part of the agenda the Republicans have is to crash the market before the election. The leaking of the poor earnings for Goggle the other day(legal??) to the idiot on TV last night that kept on repeating...we are becoming another Greece. The stock market does not like uncertainty. With the election literally becoming a toss up it may be a rocky road for the next two weeks in the market BUT when the smoke clears away whoever is elected will reap the benefits of what Obama has accomplished in the last four years. The US economy is sound as long as there are people with money to buy our goods...

etc as he makes the case to re-elect the President.

~~~~~~~~~~~~~~~
Personally, I doubt that they can 'crash' the market, but cause the market to show a downturn - I wouldn't put it past them!!

[Tommy_Carcetti]

1. Well, they could crash the market....

....by electing Romney to implement more of the same Bush policies.

[jillan]

2. This is true! Actually this investor did mention that the market would go down if R is elected.

[PatSeg]

3. And people talk about Kansas voting against its own interests

Wall Street isn't much different. They are so against Obama in spite of their current success, but they support Romney knowing the market will go down if he's elected - definitely NOT the smartest guys in the room.

[rightsideout]

4. Here's a theory

I wonder if there is a tie between Mitt Romney's polite (if you would call it that) performance last night and Donald Trump's announcement on Wednesday. The two camps could be in colusion (sp?) over the announcement so Romney decided to turn it down a notch at the debate to make Obama look like the winner so Obama can fall farther on Wednesday.

The Dow has taken a dive the past couple days for some reason. There was the Google leak. But the upcoming Job's report is coming up on Friday and the market will react to it one way or the other.

So there are some things that are out of control of anyone's hands from that perspective.

Or the October surprise could be no surprise.

[Tommy_Carcetti]

11. Donald Trump's "announcement" will go over like a fart in the wind.

Thankfully, Donald Trump has been relegated to the extreme fringe, where I can only hope he stays. Whatever BS story he cooks up will have little sway over the general populace.

[Brickbat]

5. I wouldn't worry about much of anything that comes from a stock trader who can't spell Google.

[reflection]

6. .

[jillan]

8. With this investor, I am surprised that is the only word he misspelled :)

Great on stock trading -

horrid on spelling!

[jillan]

7. Dow dropping - worst month since June...

http://www.businessweek.com/news/2012-10-23/u-dot-s-dot-stock-futures-decline-western-digital-tumbles

[BumRushDaShow]

13. Profit-taking

and at some point, they will start bargain hunting again.

If you look at the fundamentals of the economy, it doesn't support any panic type stuff. The market is probably due for a correction and technical corrections are usually around 10% (which would probably mean about a 1300 point drop). IMHO, if you look at the trend, it has been pretty much been hanging around the 13,000s, +- a couple hundred here and there.

[JDPriestly]

15. The market often goes down in October and November.

That is when the Bush crash occurred -- in the Fall.

That is when the market crashed in 1929.

As we have seen, Wall Street and Main Street are not really very closely paralleled.

The stock market has done very well under Obama.

It's Main Street that has suffered, and its numbers are improving. People feel it on the streets.

I think that a market "crash" would be an opportunity for many people to buy. And most people are staying away from the market anyway, so they would really not care who wins or loses the Monopoly game on Wall Street.

[mfcorey1]

9. One of Radar's posters is saying that bald headed trump has documents showing that Obama

registered in college as a foreign student. I hope this backfires so far in his face that he chokes on it. There are many documents that show that Donald Chump is a crooked businessman.

[Beowulf]

10. Actually, it could be in Wall Street's interest to have the markets fall

I've heard the real money to be made is selling short.

[PatSeg]

12. This is often true

I've seen the really BIG money being made through short sales, while the average chump loses his/her shirt. Then the big money comes back and buys, pushing the market back up while the chumps are selling. Its been like this forever and people never learn.

[cbdo2007]

14. I've been worried about this for awhile because we're overdue for a major correction....

but if they were going to "crash" it they would have already done it. They are missing their window of opportunity if they didn't do it in the past week.