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Anorak | Stock Exchange Goes Long On Obamas And Short On Clintons

Stock Exchange Goes Long On Obamas And Short On Clintons

by | 6th, November 2008

MAKING money in the credit crunch: Going long on Obamas.

THIS morning the FTSE experience its biggest ever tenth-of-a-second fall. Fact!

In the US, at 3:24 and 12.24 seconds yesterday, the Dow Jones was lower in real terms than it had ever been at that point in trading in its history on November 5th.

It’s is a day that will linger long in the memory.

One day one from that, the Telegraph reports that the ‘Obama bounce’ has stopped bouncing.

Jessie Jackson eyes are still moist and the BBC’s fizzy wine still has fizz, and the bounce is over?

Time perhaps for another election or a recount or something to invigorate a moribund marketplace.

Yesterday’s Black Wednesday is not quite today’s Black Thursday, but the Dow was down by as much as 331 points at one point.

That’s a drop of 3.4 percent some kind of record.

The Experts

A senior analyst at a surviving City firm takes

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Posted: 6th, November 2008 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink