A whole new reason to want Kerry to win

Mike AI · 11-02-2004

Another reason to want Kerry to win..... SHORTING

http://biz.yahoo.com/cbsm-top/041102/6cb56...43760212_1.html

U.S. stocks jarred by early call favoring Kerry
Tuesday November 2, 3:41 pm ET
By Mark Cotton

NEW YORK (CBS.MW) -- U.S. stocks staged a sharp reversal Tuesday, with blue chips sliding into negative territory and the Nasdaq paring gains amid reports that John Kerry is putting in a strong early showing at the polls.

"The only thing I can see is that the Drudge Report shows the preliminary exit polls showing Kerry within striking distance," said Jay Suskind, director of trading of Ryan, Beck & Co.

Miller Tabak equity strategist Peter Boockvar said there was a "sort of panic" as traders heard the news of Kerry's lead.

"We had this pre-election rally and the election is almost over. It's almost a sell on the news now that we're actually here."

The Dow Jones Industrial Average (^DJI - News) was last down 20 points at 10,034, erasing more than a 80-point gain earlier in the day.

11-02-2004	#6
Mike AI Administrator Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 11,618	Another reason to want Kerry to win..... SHORTING http://biz.yahoo.com/cbsm-top/041102/6cb56...43760212_1.html U.S. stocks jarred by early call favoring Kerry Tuesday November 2, 3:41 pm ET By Mark Cotton NEW YORK (CBS.MW) -- U.S. stocks staged a sharp reversal Tuesday, with blue chips sliding into negative territory and the Nasdaq paring gains amid reports that John Kerry is putting in a strong early showing at the polls. "The only thing I can see is that the Drudge Report shows the preliminary exit polls showing Kerry within striking distance," said Jay Suskind, director of trading of Ryan, Beck & Co. Miller Tabak equity strategist Peter Boockvar said there was a "sort of panic" as traders heard the news of Kerry's lead. "We had this pre-election rally and the election is almost over. It's almost a sell on the news now that we're actually here." The Dow Jones Industrial Average (^DJI - News) was last down 20 points at 10,034, erasing more than a 80-point gain earlier in the day. __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!