Winterblues (1000+ posts) Wed Nov-03-10 03:23 PM
Original message
I was told if Republicans won the Stock Market would soar
It is all red as far as I can see right now..
virtualobserver (1000+ posts) Wed Nov-03-10 03:33 PM
Response to Original message
1. they were expecting the Repub win, so it was baked in.......
if Dems had won, the market would have plummeted.
But things are still bad, and the Republicans aren't going to fix it, therefore the market is still pessimistic.
The real question is how the market will react to the Fed, and how Rand Paul will react to it.
He could scare the markets.
HughMoran (1000+ posts) Wed Nov-03-10 03:36 PM
Response to Reply #1
2. HAHAHAHAHA!!!!
So the person who posted that the market would surge by 500 points today was "baked"?
The fact that the market has been flat for a while shows "baked in"??
How about the fact that gridlock is not good for an economic recovery?
virtualobserver (1000+ posts) Wed Nov-03-10 03:41 PM
Response to Reply #2
4. gridlock isn't good, especially now
but a Dem win would have scared the hell out of the market, since the total free pass from the Repubs would be off the table.
You know when gridlock is good?
When it halts the advance of socialism.
Cheaper than bullets too.
TexasObserver (1000+ posts) Wed Nov-03-10 03:57 PM
Response to Reply #2
5. I expect the markets to maintain until year's end.
Edited on Wed Nov-03-10 03:59 PM by TexasObserver
I don't expect year end levels to be dramatically different than today, which has seen almost no change in the first two hours today. I felt the markets would respond generally positively no matter how the elections turned out, and expect that positive trend to be apparent in the next two months. Using the DOW as one indicator, I expect it be above 11,000 on January 1, 2011, and above 12,000 on January 1, 2012.
But in the first quarter and maybe the second quarter of next year, we could see some real stuttering in the recovery, such as is it. Tight money and concern about budget deficits will not fuel the economy. More tax breaks will not fuel the economy.
If the GOP is too weird when they take control of the House, they could spook the economy and if that happens, we'll probably see a decline for several months.
But as far as jobs go, who knows? Will the GOP cooperate on jobs legislation? Probably not.
bemildred (1000+ posts) Wed Nov-03-10 03:36 PM
Response to Original message
3. That was bullshit.
Anybody that pays attention knows that dems are better for the markets.
???
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9462605First of all: you anal crumbs hate the stock market because it involves people making money.
Second of all:
The Dow Jones Industrial Average climbed to a two-year high while Treasury 30-year bonds slid and the dollar fell as the Federal Reserve planned to expand asset purchases by an additional $600 billion to shore up the economy.
http://www.bloomberg.com/news/2010-10-06/asia-stocks-climb-to-26-month-high-treasuries-japan-bond-yields-decline.html
