Republican Rally on Wall Street. Dow down 185 points.

[MidwestTransplant]

[gratuitous]

1. Clearly attributable to Scott Brown's election

There is no doubt about it whatsoever. The aftershock in Haiti? Brown again. Is it too late to mount a recall petition against him, considering how things have gone in the crapper since it was announced that he won in Massachusetts? It's raining in California, too. Cause and effect. Quod erat demonstratum. Is the librul media hyperventilating on these obvious points?

[Roland99]

3. Of course. Has *nothing* to do with China tightening the belt on credit.

Nope.

[MidwestTransplant]

8. How about looking back to 1938 when FDR was pushed into cutting spending

on programs that created employment, pushing us near another depression?

[Roland99]

10. There are differences between then and now.

And, actually, I fear things could potentially be worse this time around. We have a WORLD of debt upon our shoulders that did not exist back then. If China starts tightening credit and enters a deflationary period (which I think is not that likely...yet) and considering they recently surpassed Japan in the amount held of U.S. debt, well, this could get very ugly.

The gold bugs might prove to have been right after all.

[Roland99]

2. Sector Indexes

Basic Materials -3.19%
Capital Goods -2.32%
Conglomerates -2.13%
Cons. Cyclical -2.38%
Cons. Non-Cyclical -1.59%
Energy -2.58%
Financial -1.62%
Healthcare -1.11%
Services -1.73%
Technology -1.92%
Transportation -2.43%
Utilities -1.48%

[WeDidIt]

4. Clearly, Jim Cramer expected Coakley to win

because this could have been predicted rather easily.

Today is market reaction to earnings reporting for many publicly traded companies.

[JVS]

5. And the health insurance companies?

[BumRushDaShow]

6. Profit-taking

Extra $ for the partying.

[leftynyc]

7. I see Wall Street is THRILLED with

the election of Brown. Has anyone checked out what that moron Cramer has to say about this revolting development?

[ParkieDem]

9. Wall Street priced in the Brown victory yesterday

all the polling was indicating he would win. That's why health care stock skyrocketed.

Today's fall is largely due to bank earnings and inflation fears.

[leftynyc]

11. Oh NO - that's not what

Cramer said. He said the market would zoom after a Brown victory. In case sarcasm is not translating, of course I know what's going on with the market today. Do you realize that if the market had gone up, it would have been attributed to Brown's win? the cnbc talking heads are morons.