the market was held in position waiting for the election to pass. Because it was anyway going only south and the more south it went - the less the chance for republicans - however slim.
So the fall after the election was always expected
Rajeev Stock markets in short term never reflects economic fundamentals. It is all about perception. Moreover, the stock market has its own buy and supply dynamic. Too much money into stock market DOES prop up stocks even when fundamentals of whole economy are weak. This is what happened to US in 1990. DJIA might be plugning because of lack of money coming into stock market from professional gamblers nee hedge funds etc.
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the market was held in position waiting for the election to pass. Because it was anyway going only south and the more south it went - the less the chance for republicans - however slim.
So the fall after the election was always expected
Rajeev
Stock markets in short term never reflects economic fundamentals. It is all about perception. Moreover, the stock market has its own buy and supply dynamic. Too much money into stock market DOES prop up stocks even when fundamentals of whole economy are weak. This is what happened to US in 1990.
DJIA might be plugning because of lack of money coming into stock market from professional gamblers nee hedge funds etc.
it is probably akin to the BSE plunging after Manmohan Singh along with commies came to power in India
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