Chip stocks get slaughtered as Wall Street in worst post-midterm day since 1896

Posted by novaRom 20 hours ago

Comments

Comment by cardiffspaceman 14 hours ago

In the fine article it had nothing to do with midterms:

Quote:

This week has an echo from 1896. The day after William McKinley won the White House that November, the Dow jumped about 4.5%, then gave back about 2% the next session.

Comment by ChrisArchitect 13 hours ago

More discussions:

https://news.ycombinator.com/item?id=50381623

https://news.ycombinator.com/item?id=50382179

https://news.ycombinator.com/item?id=50384822

Comment by novaRom 19 hours ago

[dead]

Comment by MisterTea 18 hours ago

They're upset and worried now that their crony toilet was flushed.

Comment by adrian_m 17 hours ago

I suspect this is more about all but one of the datacenter moratoriums which were also up to vote passing.

Comment by Spivak 14 hours ago

Which I think is overall good, not really the moratorium thing itself, but the fact that real human voters have a clear unambiguous preference that to everyone's surprise is being respected and implemented. Not getting steamrolled over by companies greasing the right palms is amazing.

Imagine, voters in a democracy being able to decide what behavior we find unacceptable rather then it being dictated at us by the richest person in the room.

Comment by saaaaaam 19 hours ago

“Worst post midterm day since 1896”

Would a load of hysterical rubbish.

“markets routed in worst day after I had marmalade for breakfast since last time this happened”

Comment by gridder 19 hours ago

Except for the fact that 1896 was - not - a midterm election year