Thursday, February 2nd, 2017

US Elects New President


US elected new President and Vice President by a stunning victory at the polls.

photo courtesy AP

However the stock market reacted differently. It started trading down due to overbought conditions on most stocks and indexes initially and than a nasty sell off started in last hour. Dow ended 495 point down and SPX down 52 .Obama’s victory should be a positive and a plus for the world and economy and the markets will duly reward investors in short time.

The markets are poised to turn down for few days and may retest the lows again it seems. Lets stay tuned.

Comments

3 Responses to “US Elects New President”
  1. Thomas says:

    Well its Friday of election week and the Stock MArket was up and down…mostly down. I think this roller coaster is still going to go on for awhile. January cannot come fast enough.

  2. I think American choose the right candidate. I think Obama can help repair all the negative’s that George W Bush has done over the last 8 years. Time will tell.

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