11/5/08 Market will RALLY like no other day ! (agent, real estate, debt)

[heydade]

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 !

[Stac2007]

Why would that happen? He knows very little about economics. How is his possible election or any other going to push the market up? Will he dissolve our debts away with a sweep of his hand? Will he create the thousands of jobs outsourced by American corporations? Please spare me your prediction about the market. President Bush and Congress gave billions away to failing banks. They pretty much bailed out these terrible run corporations. What would have Senator Obama done differently? He is no savior. The office of the president is one part of a system of checks and balances. If elected Senator Obama will not be king.

[CoastalMaine]

I don't know what you're smoking heydade, but walk away from it quickly. Come back when you have some understanding of the markets mentality, especially its view on taxation.

[pcity]

The markets have expected Obama to win for months now. That news is already priced into the market.

If the markets go up or down 11/5, it will be for some other reason than the election.

Of course, if McCain shocks the world and wins, then you will see a market reaction- probably a big positive based on how Wall Street usually votes.

[bale002]

Yeah, there will probably a moment-of-euphoria rally, but soon afterwards the fundamentals will kick in again.

The trick will be to watch which industries the democrats favor, then try to buy into it before the cab drivers, waitresses, real estate agents, mortgage brokers and shoeshine boys, maybe wind power or whatever.

Good luck!

[texdav]

Yep;the market will always be the markets regaudless of who is president.Doesn't matter waht thepolitcian favor if it doesn't make money. Alot of peoole still moving into safe er investmants how.

[70Ford]

Originally Posted by CoastalMaine

I don't know what you're smoking heydade, but walk away from it quickly. Come back when you have some understanding of the markets mentality, especially its view on taxation.

Back away from the crack pipe....nice and slow....

[cpg35223]

Hmmmm....

1) He's already shown a willingness to eviscerate international trade by abrogating the current treaty terms of NAFTA.
2) He's willing to jack up the tax rate and the capital gains rate.
3) He's willing to spend money like a pimp with a week to live, just like Bush.

Now, how will somebody who spend more than five minutes in economics class feel good about an Obama presidency? I'm curious.

[StealthRabbit]

Originally Posted by pcity

The markets have expected Obama to win for months now. That news is already priced into the market....

That's for sure, especially the last 2 months. Market is leading indicator and vacillates more on comments from Greenspan (even now) that it will ever react to Ob... Let's just hope the congress stays within a balance of power. That news will be more important than who wins 4yrs free rent in the white house.

What a choice... (either of the prominent two directions)
Hopefully you;
1) Have taken care of your LTCG.
2) Have banked your 4 + yrs expense needs (as well as your new tax rates).
3) Don't plan on flying near tall buildings, bridges, or power plants in commercial airplanes.
4) Don't need employment (hopefully you have a gov job. )
5) Have picked out your next 'bridge' to live under.
6) Have secured your grocery cart for toting your worldly possessions.

oh, well.... on to the next challenge ( I wonder if they will take away the $500k exclusion of gain on personal residences, for married?, $250k for single filers. It is a good idea to have 'sheltered income' going forward, take a snapshot of your 2008 personal and business tax rate, and keep it for posterity)

[8 SNAKE]

This is pretty simple to address:

Heydade, how much money do you have invested in this guarantee of yours?