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Old 11-05-2008, 07:18 AM
 
477 posts, read 583,702 times
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And so it begins.

Welcome to the dimwitted future boys and girls. Anyone want to guess how much the market falls today? Could we be back in the 8's?
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Old 11-05-2008, 07:52 AM
 
Location: The Woods
16,935 posts, read 22,202,288 times
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IBM announced 10,000 jobs to be outsourced before 2009. Obama's promised tax increases sure didn't make them want to keep jobs here (why would they? too expensive).
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Old 11-05-2008, 08:00 AM
 
477 posts, read 583,702 times
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Down almost 200 already. Who could have known?
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Old 11-05-2008, 08:01 AM
 
12,984 posts, read 15,322,633 times
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Here we go. We are starting with that "change" Obama talked about. And it's not necessarily good change.
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Old 11-05-2008, 08:01 AM
 
1,263 posts, read 3,728,379 times
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Wow, BIG SURPRISE!

We're screwed...
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Old 11-05-2008, 08:15 AM
 
Location: Over There
5,129 posts, read 4,763,664 times
Reputation: 1205
Oh boy hold on ladies and gentleman it is going to be a bumpy ride.
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Old 11-05-2008, 08:17 AM
 
Location: Albemarle, NC
7,730 posts, read 12,690,846 times
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Bloomberg.com: Worldwide

Quote:
European stocks retreated for the first time in seven days after disappointing earnings overshadowed speculation that Barack Obama will boost the U.S. economy with a stimulus package.
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Old 11-05-2008, 08:19 AM
 
878 posts, read 1,883,676 times
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Quote:
Originally Posted by luzianne View Post
Here we go. We are starting with that "change" Obama talked about. And it's not necessarily good change.
My stocks used to be worth dollars.

Now they're worth change.

I hope they regain some of their value.

Obama's lead in the polls corresponded to the drop in the market. It was a signal that his economic plans are not going to be good for stocks. Now that he has been elected, we're going to see more sell-offs.

Good thing I'm in this for the long run and I can afford to ride out this administration. I feel bad for anyone retiring in the next 4-8 years. The Obama presidency is going to delay recovery.
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Old 11-05-2008, 08:21 AM
 
Location: The Land of Lincoln
2,522 posts, read 3,917,596 times
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Quote:
Originally Posted by luzianne View Post
Here we go. We are starting with that "change" Obama talked about. And it's not necessarily good change.
I agree, not all change is good.

Historically, the market rises after the election of a Dem.
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Old 11-05-2008, 08:25 AM
 
Location: Albemarle, NC
7,730 posts, read 12,690,846 times
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Quote:
Originally Posted by Mamama Mia View Post
I agree, not all change is good.

Historically, the market rises after the election of a Dem.
Yep. And any investor looking to make money under Obama will move into municipal bonds, steel, and alternative energy. Drug companies, telecoms, and financials should expect continued losses. That's not Obama's fault really, but more reliant on a Congress willing to pass more and more regulation. Investors don't really like regulation.
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