Like you know, how they say that the falling gas prices are only low because of the upcoming election, but as soon as it ends, they will go back up sopposedly....well can the market be manipulated like that?
2006-10-24 08:04:35 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
The upcoming elections? No; elections usually cause uncertainty in the market.
And the market CAN be manipulated, but only in the very short term (something like a few days, at most).
If you watch the market over the long run, it only goes one direction: up.
2006-10-24 08:17:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
No election effect is not yet started on dow, its up because of falling crude price, results given by some companies are really good, as well there were very few hurricane threat, these all factors are leading dow up. and one more thing fed has kept interest rates unchanged and some people expect cut in interest rates.
2006-10-24 15:09:03 · answer #2 · answered by slimshady3in 4 · 0⤊ 0⤋
High closing mostly related to earnings releases in the 3rd quarter. In addition, oil prices and anticipation of the fed meeting tomorrow. Traditionally, 3rd quarter is full of optimism.
2006-10-24 15:08:43 · answer #3 · answered by highloyo 2 · 0⤊ 0⤋
The Market is optimistic because the odds are that it will be a Democratic Landslide and we will have a Balanced Budget again.
2006-10-24 15:09:32 · answer #4 · answered by fatsausage 7 · 0⤊ 0⤋
Exactly which highly knowledgeable non-partisan people are "they"?
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2006-10-24 15:11:00 · answer #5 · answered by Zak 5 · 0⤊ 0⤋
it's entirely possible
2006-10-24 15:07:17 · answer #6 · answered by ? 6 · 0⤊ 0⤋