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Reload this Page 11/5/08 Market will RALLY like no other day ! (buying, sell, properties)
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Old 11-09-2008, 05:12 AM
 
Location: Chicago
38,707 posts, read 103,233,018 times
Reputation: 29983

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Quote:
Originally Posted by heydade View Post
As soon as Obama is elected next president of the United States and I can GUARANTEE you he will, watch the markets on Nov.5th rally like nothing you have ever seen before ! I expect the DOW to close + 800-1000 points !
Good call, Miss Cleo.
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Old 11-09-2008, 05:45 AM
 
Location: Alaska/Algeria
41 posts, read 91,751 times
Reputation: 24
OP is likely a Democrat, and got a little carried away with optimism over The Chosen One.

Oh well, we all make mistakes...I've made a few bad market calls myself.
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Old 11-09-2008, 12:56 PM
 
Location: USA
2,362 posts, read 2,998,071 times
Reputation: 1854
Quote:
Originally Posted by f_m View Post
Well since it looks like the Democrats have a majority in the house and senate, then the Democrats will more easily push anything they want. I know they were planning on health care for everyone, but how does it get paid for?
Well, for starters we could get out of Iraq. That will save us $10-$12 billion a month to fund health care.
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Old 11-09-2008, 01:10 PM
 
59 posts, read 190,535 times
Reputation: 75
Quote:
Originally Posted by f_m View Post
Well since it looks like the Democrats have a majority in the house and senate, then the Democrats will more easily push anything they want. I know they were planning on health care for everyone, but how does it get paid for?
Are you telling me it's not going to be free???????
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Old 11-09-2008, 01:17 PM
 
12,022 posts, read 11,581,758 times
Reputation: 11136
They usually rally the market into election day. I don't think anybody predicted such a steep sharp sell-off immediately. Markets usually try to suck in more people at extremes. There were three CDS auctions this week with the last one on Friday. Funds had to raise cash to meet the anticipated losses. I believe they have to put up the cash within 2 weeks.
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Old 11-10-2008, 07:20 AM
 
Location: Southwest Missouri
1,921 posts, read 6,430,358 times
Reputation: 927
Quote:
Originally Posted by mommabear2 View Post
Seriously? I haven't heard of that... do you mean Social Security?
No, this would be in addition to Social Security.

Dems Target Private Retirement Accounts (http://74.125.45.104/search?q=cache:4asiijVKKxcJ:www.carolinajournal.co m/exclusives/display_exclusive.html%3Fid%3D5081+Carolina+Journa l+Exclusives+Dems+Target+Private+Retirement+Accoun ts&hl=en&ct=clnk&cd=1&gl=us - broken link)
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Old 11-10-2008, 10:46 AM
 
Location: NW MT
1,436 posts, read 3,303,943 times
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Quote:
Originally Posted by mommabear2 View Post
Seriously? I haven't heard of that... do you mean Social Security?
Let me guess... you're an Obama supporter correct ?
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Old 11-10-2008, 10:53 AM
 
Location: CA
2,464 posts, read 6,470,812 times
Reputation: 2641
Quote:
Originally Posted by Stephan_K View Post
Let me guess... you're an Obama supporter correct ?
Uh, no. If you are going to be condescending, don't talk to me, mmmm k?
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Old 11-10-2008, 11:00 AM
 
Location: NW MT
1,436 posts, read 3,303,943 times
Reputation: 551
Quote:
Originally Posted by mommabear2 View Post
Uh, no. If you are going to be condescending, don't talk to me, mmmm k?
I knew I was going to pay for that one.... Sorry about that, I have been in a mood today .
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Old 11-10-2008, 11:03 AM
 
Location: CA
2,464 posts, read 6,470,812 times
Reputation: 2641
Quote:
Originally Posted by 8 SNAKE View Post
No, this would be in addition to Social Security.

Dems Target Private Retirement Accounts (http://74.125.45.104/search?q=cache:4asiijVKKxcJ:www.carolinajournal.co m/exclusives/display_exclusive.html%3Fid%3D5081+Carolina+Journa l+Exclusives+Dems+Target+Private+Retirement+Accoun ts&hl=en&ct=clnk&cd=1&gl=us - broken link)
Thanks for the link.

Would Obama, Dems Kill 401(k) Plans? - Capital Commerce (usnews.com)
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