Wall Street Very Worried With New Pres

[EBSB52]

Rahm Emanuel? i knew he'd have an all black staff. i hope the country goes downhill so obama can be the worst prez i dint ever. and all these nba players wearing the obama shirts. don't they understand that they're taxes will skyrocket? i guess they don't care cause they got a black president or they're not too bright..

>>>>>>>>>>> i hope the country goes downhill so obama can be the worst prez i dint ever.


My, you are a real American. I'm hoping for success for our country.


>>>>>>>>>>>>i guess they don't care cause they got a black president or they're not too bright..


pot.....kettle

[EBSB52]

Rahm Emanuel is a Jew. I don't know why you assumed he was black. There is no indication that any African-Americans are going to be appointed to Obama's cabinet. Do you follow the news? Stop making assumptions about blacks or any ethnic group for that matter.

FROM PREVIOUS POSTER

>>>>>>>>>i guess they don't care cause they got a black president or they're not too bright..

FROM THIS POST

>>>>>>>>>Rahm Emanuel is a Jew.

pot......kettle

Here, I'll help crisp out http://en.wikipedia.org/wiki/Rahm_Emanuel


>>>>>>>>>>>There is no indication that any African-Americans are going to be appointed to Obama's cabinet.


Unless it's Colin Powell, a Republican.

[DeluxeLiner]

on NPR they said that the election had little to do with it. the market has expected obama to be president for a few weeks now.

[jjgold]

Obama cannot have blacks in his cabinet, he inherited enough problems

[andywend]

The stock market performance in the last 2 days was the worst 2 day drop since 1987. Only the most boneheaded left-wing lunatic would say that Obama winning the election had nothing to do with it.

Obama has promised to raise income taxes on the wealthy and to increase the corporate tax rate. This in turn raises the cost of doing business and directly lowers company earnings which are already dropping like a rock to begin with due to the bad economy.

The stock market rose "on a wall of worry" last week as the picture became more and more clear that Obama was going to win the election. Now that he has done so, the selloff over the last 2 days was easy to predict.

EBSB52, it was the republicans that rejected the bailout bill the 1st time around and they were against it from day 1. The democrats first version of the bailout contained MILLIONS of taxpayer money for ACORN and it was the republicans that made them remove that portion of the bailout legislation.

[wtf]

The stock market performance in the last 2 days was the worst 2 day drop since 1987. Only the most boneheaded left-wing lunatic would say that Obama winning the election had nothing to do with it.

Obama has promised to raise income taxes on the wealthy and to increase the corporate tax rate. This in turn raises the cost of doing business and directly lowers company earnings which are already dropping like a rock to begin with due to the bad economy.

The stock market rose "on a wall of worry" last week as the picture became more and more clear that Obama was going to win the election. Now that he has done so, the selloff over the last 2 days was easy to predict.

EBSB52, it was the republicans that rejected the bailout bill the 1st time around and they were against it from day 1. The democrats first version of the bailout contained MILLIONS of taxpayer money for ACORN and it was the republicans that made them remove that portion of the bailout legislation.

[Hoja Verdes]

The TWO DAY activity of the stock market has nothing to do with Obama getting elected. THE SKY IS FALLING!!! THE SKY IS FALLING!!!

My god, you idiot squares absolutely don't know when to quit.

Another brilliant thread from JJ, a guy who has admittedly lost over a million dollars in 30 years gambling on sports, most of it he borrowed from others and never paid back.

I suggest you all stick to losing your money gambling. It's obvious you'd do the same in the stock market with your total lack of understanding of how financial markets work, and with gambling, at least you get to watch a game while you piss away everything you have.

[wtf]

btw, i have made a small fortune the past month in the stock market. i bailed out the day of the election.

so i think i do understand how markets operate.

this recent drop is unprecedented.

how do you explain it mr. market genius?

[pico]

things can change. yes we can.

change!!!!!!!!!!!

[EBSB52]

on NPR they said that the election had little to do with it. the market has expected obama to be president for a few weeks now.

Exactly, so have the books. How many 10:1's get paid? The market and Obama have no connection at this point.

[EBSB52]

Obama cannot have blacks in his cabinet, he inherited enough problems

Yea, the misdeads of centuries of whites. Kinda walked into that one, huh? BTW, I'm white.

[Iamtheman]

Stocks getting pounded extremely heavy the last 2 days

We are in serious trouble boys

I do not think it's about Obama having been elected president. It's just caution as to what the new government's policies are going to be in regards to the economy, it's a very natural tendency of the market I think and it would happen regardless of who has been elected, things should get back to normal within the next couple of months.

[Iamtheman]

You also need to take into consideration the tendency all of the stock markets around the world have followed in the last months, we are living tough times and that is exactly what those major drops are showing.

[EBSB52]

The stock market performance in the last 2 days was the worst 2 day drop since 1987. Only the most boneheaded left-wing lunatic would say that Obama winning the election had nothing to do with it.

Obama has promised to raise income taxes on the wealthy and to increase the corporate tax rate. This in turn raises the cost of doing business and directly lowers company earnings which are already dropping like a rock to begin with due to the bad economy.

The stock market rose "on a wall of worry" last week as the picture became more and more clear that Obama was going to win the election. Now that he has done so, the selloff over the last 2 days was easy to predict.

EBSB52, it was the republicans that rejected the bailout bill the 1st time around and they were against it from day 1. The democrats first version of the bailout contained MILLIONS of taxpayer money for ACORN and it was the republicans that made them remove that portion of the bailout legislation.

>>>>>>>>>The stock market performance in the last 2 days was the worst 2 day drop since 1987. Only the most boneheaded left-wing lunatic would say that Obama winning the election had nothing to do with it.


As the above poster wrote, was anyone surprised at this? The 9ers beat San Diego by 23 in the SB in 1996, the ML was 8:1, not only did the 9ers easily beat the ML, they covered the spread, kinda like what Obama did by winning I think 363 EV with is it 15 waiting on MO. This was not surprising. The DJ is up 204 as I write this, if the market recovers to where it was on election night, mid next week, are you guys gonna feel silly? The market has been tanking and having new records constantly over the last 2 months or so, is it ridiculous to make a microcosm out of it? I understand the neo-con strategy, and this is why they lost the election; they kept talking about how bad they felt the other side was rather that focus on how good their direction is. All McLame said was, 'Mr friends, I'm not gonna raise your taxes' which means no change. Your party is gonna have to quit pointing fingers and sit down and fix themselves, they're a mess, worse yet, a mess in denial. This blaming Obama for the market is part of that mess.


>>>>>>>>>>>>Obama has promised to raise income taxes on the wealthy and to increase the corporate tax rate. This in turn raises the cost of doing business and directly lowers company earnings which are already dropping like a rock to begin with due to the bad economy.


Many, dare I say most businesses in the US are foreign owned, this is because of 5 reasons:

- Business taxes are the cheapest amongst industrialized nations

- We have great free tarde policies

- Employee rights are almost nill, other than OSHA, very few restrictions or requirements to treat employees well

- USA products are considered quality.

- With the neo-cons trashing teh doallr, it's a great exchange rate for them

I work aircraft and many of the large repair stations are now foreign owned, a first in my lifetime. The point I'm making here is that we can raise taxes and still be WAY below that of other nations, hence a great bargain that will not drive business out. Where are the rich gonna take their industry? Europe, where they have to pay actual taxes so the gov can provide universal healthcare? Where the employers are mandated to provide between 30 days and 9 weeks vacation per year, per federal law? We are still a bargian even if we upped taxes by 25%.


>>>>>>>>>>>>>>>>The stock market rose "on a wall of worry" last week as the picture became more and more clear that Obama was going to win the election. Now that he has done so, the selloff over the last 2 days was easy to predict.


If a stock broker was reading this he would laugh. Now they may have sold off anticipating the wave, but then as it falls they jump back in as they are right now. If you are faced with capital gains tax, you do what? Oh, you put your money back into the market, right? And then if the CG tax is that high, you leave it in until you have other investments to hide it back in, rendering more stable investment in the long run. You are sounding like her: http://www.youtube.com/watch?v=LOU9x...ayle-quinnell/


>>>>>>>>>>>>>>>EBSB52, it was the republicans that rejected the bailout bill the 1st time around and they were against it from day 1. The democrats first version of the bailout contained MILLIONS of taxpayer money for ACORN and it was the republicans that made them remove that portion of the bailout legislation.


Then why did Bush sign it? Oh, so after the Dems tailored it for Bush, he signed it, so the final word was Bush's/Repubs. I didn't read that about ACORN, make reference to all of the intial bill with its piggybackings and post it, if you guys do that here.

[EBSB52]

btw, i have made a small fortune the past month in the stock market. i bailed out the day of the election.

so i think i do understand how markets operate.

this recent drop is unprecedented.

how do you explain it mr. market genius?

Like sports, it's a guess. I've guessed at both and win 1/2 the time. I'm thinking we won't hear about your bad guesses. Touts will do that, publish a guess one way, then later that week publish a guess the other way; they can't be wrong.

I'm sure you've jumped on these opportunities and guessed wrong several times.

[EBSB52]

I do not think it's about Obama having been elected president. It's just caution as to what the new government's policies are going to be in regards to the economy, it's a very natural tendency of the market I think and it would happen regardless of who has been elected, things should get back to normal within the next couple of months.

Well chaos is normal under Bush, so the market currently is normal.

[jjgold]

When market goes up like today it is a false market, we need to go down about another 2000 points before we hit a bottom.

[EBSB52]

When market goes up like today it is a false market, we need to go down about another 2000 points before we hit a bottom.

We've been in a bear market for some time, 200 points is just a simple fluctuation. Traders are looking for jump or a sag. even 1000 points in today's market is not that big of a deal, considering it's fallen 2800 points from late Sep to late Oct. Don;t read into the market, traders will tell you. Right now is a great time to buy, you can make fats money, as the market will be 1000 points higher, or about 12%, in the next month. Now lomg term market reactions can and usually are related to political moves, but simple erratic movements are just traders being traders.

[EBSB52]

We've been in a bear market for some time, 200 points is just a simple fluctuation. Traders are looking for jump or a sag. even 1000 points in today's market is not that big of a deal, considering it's fallen 2800 points from late Sep to late Oct. Don;t read into the market, traders will tell you. Right now is a great time to buy, you can make fats money, as the market will be 1000 points higher, or about 12%, in the next month. Now lomg term market reactions can and usually are related to political moves, but simple erratic movements are just traders being traders.

Market went up ~3%, 248 pts, investors must have decided that Obama is ok after all. Like there's a correlation either way

[Portlander]

Smart money had priced in the Obama win for weeks. (up or down) At this point there are far bigger things at work than who wins the presidency unfortunately.