Obama Wins–Market Sells the News-”Rattle ya Jewlery”

Pre Non Farm Payroll Numbers Disapointed early Wednesday as
Interest rate Cuts of 50bps expected from BOE and ECB are expected Thursday no shock to the charts expected - expect the unexpected.
November 5th, 2008 - Nothing but Down
 
Above - The Major Indexes and the VIX-Volatility Index 5 Minute Charts

USD-JPY 4 Hour Chart breaking Support (click to enlarge)
Finally - the Election of 2008 is Over! - Now What?
Thankfully John McCain allowed Americans to get an early nights sleep conceding defeat - before Californiaand the West coast was even finished voting. IMO – Despite his pleas to others to help him fight, It looked as McCain really did not want the job and only in the last few days was Sarah Palin allowed to regain her dignity and throw a few punches for him. For me, John McCain and Barack Obama both never really resonated beyond mediocre sound bites.
 
The Big Picture - Click to […]

Original post by Jerry Furst

This entry was posted on Wednesday, November 5th, 2008 at 9:31 pm and is filed under unemployment, non farm payroll, NFP, obama, charts, Volatility Index, DOW, politics, VIX, Relevant Ramblings, News: Scheduled and Breaking, Fundamental Analysis, trading, FX, S&P 500, Interest Rates, Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.