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Wow, see Obama isnt even president yet and everything is so much better, why he didnt even need to write a bill, change a law, or take possession of his new job.
How many will be out buying new cars, houses, magicly find jobs tomorrow that didnt exist today.
jees..
Does somebody need a hug?!
Last edited by SteelCityRising; 11-04-2008 at 10:51 PM..
Reason: Typo!
Usually the markets like republicans due to lower taxes and regulation, but this year the democrat party is a feel good story as Obama deviates from Bush more and gave more Americans faith than did McCain. The overseas indicator markets have actually gone down in the last 2-3 hours. Get this straight, either candidate would not cause the market to go down this week. The last week or two has had a surge that will probably continue as a net gain from late Oct. to year end.
It the longer term that when he raises the taxes on corporations and ivestment will according drop. Corporation will start cutting back to preapre for tax increaes by cutting jobs.
Hahahaha... I suspect that it goes up and then all the way down... I think the bottom because of presidential politics... before Obama would of been 7000 (if McCain went on to the presidency) and with Obama (since we will implement his policies), probably even lower, maybe 5000... we will see in the next several years... it don't matter... both candidates sucked... and Americans haven't learned much...
No, not really. You pays your money and you takes your chances.
LOL
As posted I expected all the markets to go up. As it turned out the Asian Markets were up but the European and US Markets were way down (2 days in row actually - though up today). Overall though, generally down to be sure. Too much other bad news coming in the last few days (a lot of it October numbers). Just can't fight against that kind of news.
On the other hand, election day itself had the biggest election-day market gain in 20-some years.
Record breaking lows on election week in the stock market. Business investors are NOT confident about the future of our economy now that the wealth-punisher is in office.
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