Quote:

The only reason the market had dipped from 14,000+ in the first place was panic over the increasing liklihood that Obumba would actually be elected.



No the DJIA dropped because there was a lot of fear that the whole financial sector will melt down, banks will be nationalized etc. It also turned out that a large portion of America's wealth was only an illusion and never really existed. In the first few months of 2009 the traders probably oversold quite a bit(partly as a result of Obama's idiotic policy announcements, hence the Obama's effect on the Dow Jones) and now when the so called "green shots" are starting to appear many people are buying like crazy. It's all about psychology.
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