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This thread is really about the first five minutes of Wednesday. Will you be long come 4:00pm EST today (Tuesday)? Or will you be short? Or will you be out?
All bets are off after 9:35am EST Wednesday.
I didn't say immediately, I said "within a year of his election." Of course I'm no prophet and may be wrong but we'll see. I certainly don't think we'll have a rally in the markets tomorrow if he's elected, if we were to have one it would be in spite of his election.
I didn't say immediately, I said "within a year of his election." Of course I'm no prophet and may be wrong but we'll see. I certainly don't think we'll have a rally in the markets tomorrow if he's elected, if we were to have one it would be in spite of his election.
I know. I'm saying a total collapse in the next year is UNlikely. And I'm saying this thread isn't about the next year, it's about the first minute of Wednesday.
BTW........who cares? The only reason why the stock market would go up dramatically is just a shortterm show of confidence for the president elect.
And really. It would be a Real short term thing. Overall it would do nothing to help our economy get out of it woes.
Let me just say now that is all over. Obama is screwed. Unless he can actually walk across water. He probably a one termer. He can't fix this economy. Only we can. BUT he will get the blame for our economic woes if he can't fix it in this term of office.
In fact look at his speech very closely from last night. He already is kind of conceding that we probably won't be able to fix the economy in his first term.
Quote:
The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America - I have never been more hopeful than I am tonight that we will get there. I promise you - we as a people will get there
He sure wasn't saying that before the election, though. Then he was selling hard on all the change that's comin'. Yeah, well, it'll be goin' in four years. Anybody walking into this kind of financial crisis is going to fail people's expectations. Obama ratcheted the bar even higher. Talk's easy. Walking the walk is going to be a lot harder... especially for someone who won on charisma and eloquence, instead of experience. People will be disillusioned very quickly. Some already are, and they're voicing their discontent via the stock market.
He sure wasn't saying that before the election, though. Then he was selling hard on all the change that's comin'. Yeah, well, it'll be goin' in four years. Anybody walking into this kind of financial crisis is going to fail people's expectations. Obama ratcheted the bar even higher. Talk's easy. Walking the walk is going to be a lot harder... especially for someone who won on charisma and eloquence, instead of experience. People will be disillusioned very quickly. Some already are, and they're voicing their discontent via the stock market.
It was posted in the politics forum that his campaign knew he couldn't do what he was promising, that they wanted to try to soften the disappointment after his election.
glad I stayed on the short side instead of selling SDS at a loss. I believe we'll continue to drift downward well into next year. When inflation starts to set in, all bets are off. Better secure some commodities now while their in the doldrums.
Location: Sitting on a bar stool. Guinness in hand.
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Quote:
Originally Posted by goodbyehollywood
He sure wasn't saying that before the election, though. Then he was selling hard on all the change that's comin'. Yeah, well, it'll be goin' in four years. Anybody walking into this kind of financial crisis is going to fail people's expectations. Obama ratcheted the bar even higher. Talk's easy. Walking the walk is going to be a lot harder... especially for someone who won on charisma and eloquence, instead of experience. People will be disillusioned very quickly. Some already are, and they're voicing their discontent via the stock market.
To be honest Ggh. McCain would probably be just as screwed as Obama is, even with his experience. Basically there not that much they can do to stop a fall in a "free" market. We all are going to have to ride out the storm and hope for the best.
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