Does the Dow Know Something We Don't?http://www.fool.com/investing/general/2012/11/06/does-the-dow-something-we-dont.aspx John Maxfield
November 6, 2012
Does the market know something you and I don't?
With an hour left in the trading session, the Dow Jones Industrial Average (INDEX: ^DJI ) is up more than 140 points. A full 28 of its 30 components are higher, with many up by more than 1%. The only laggards of the bunch are Intel (Nasdaq: INTC ) and AT&T (NYSE: T ) , down by 0.55% and 0.17%, respectively.
The general mantra circulating throughout the market and financial news today is that the resolution of the election will be good for the markets, irrespective of who wins. According to Fred Dickson, chief market strategist at D.A. Davidson & Co.: "I think it's a relief that hopefully the election will be over. Clients at this point have built cash ahead of the elections, and it looks like the market is anticipat