CNBC reported that stocks could rally if GOP Scott Brown wins the election. He wont, will there be a rally tomorrow? If there is, will it stick knowing that the Dems might slip the health care vote in before Brown is seated?
Only fools try to predict the stock market. Going by recent history both Dems and Reps have been bad for the market. Clinton set up the dot com bust the last decade of the 20th century and Bush set up the housing bust during the first decade of the 21st. Sooner or later people will figure out that individuals are what make an economy go, not government policy or political theory.
That's the point of this prediction. "The hope is (for) a return of gridlock, traditionally very favorable for equity markets," said Carmine Grigoli, chief U.S. investment strategist..
Now that the senate have filibuster power, the government will be impeded in interfering with the market.
To an extent. The government still controls the monetary supply, and in the end, that's all they need to muck things up. Look at the housing crisis. The idiots are still flooding the economy with cash and credit. Wait until you start to feel the bite of inflation.
What you still have is increasing unemployment and people are still cutting back on spending. The only good news is that people are actually starting to save more. If anything turns the economy around it will be the accumulation and investment of savings. But then again, inflation will make those savings worthless.
In the end, this election was a beginning, but it's just that, a beginning. We have 532 more criminals to get out of office.
Actually, many small businesses aren't hiring right now because they are bracing for what the health care bill and potential tax hikes are going to do to their business.
If those two things weren't in the pipeline, they would be hiring right now. and small businesses provide 2/3 of the jobs in the US.
Poor timing for a health care reform bill of this magnitude. Should've focused on creating jobs.
Again, government can't "reform" anything, all they can do is exactly what they have been doing. Rewarding campaign contributors. When someone can explain the Lasik surgery phenomenon in such a way that it validates the claims of "universal health care" instead of free market health care, I'll be fully supportive of a government takeover of the medical field.
I bet you'll have enough chances to say similar nonsense in the coming years Ralph, cause market is likely to continue falling, and Reps are likely to continue winning
Predicting is usually foolish-- especially when The President gave his speech today about contolling the banks.
Actually the market took a nosedive because Obama has declared war on the banks Ralph .It had nothing to do with Brown. But I do have to say the financial sector could stand a lesson in ethics.
TONY, what to you attribute the additional 200 point drop today (Friday)to? It's unlikely that the 500 point drop since the Mass election is due to Obama's renewed intention to regulate the banks in order to prevent another "Great Recession." Actually neither you nor I know what makes the market go up or down. In the long run it goes up.
China's economic pullback announced this week was mentioned today as well as opposition expressed in Congress about the reappointment of Bernanke. And as I said above, I don't think the market wants the GOP's expressed intention and desire to "break Obama" fulfilled. The current extreme polarization and gridlock in Washington isn't good for the market.
Okay, they were wrong...but, the US dollar spiked and still very strong and rising...a coincidence?
Banks need regulation, but I'm not sure if I trust Dems to regulate the banks, especially after today's Supreme Court ruling on campaign finance. Will they use this to rationalize screwing the banks since they will probably try to screw them in the next elections now that they can contribute freely to the Reps?
trying to predict the market is not foolish, Its putting up the money to bet on that prediction ,thats foolish! Take your money and run while you can b4 the excess ftd( failed to deliver) "shorted" shares take majority over "real" shares on the market. Your not even sure if you're buying real shares these days or FTD Iou shares
http://www.youtube.com/watch?v=gpWzOjB8qtU if anyones interested, this video shows the manipulation in easy terms and stufff don't look good
A friend of mine who Knows his s**t lost 160 grand this year.
The market has become a house of cards and the wind it is a blowin.
The market hates uncertainty. It's still up in the air whether the Dems will be able to push health care through before Brown is seated, and his election certainly does shuffle things up a bit in the Senate, so in the short term a little turmoil in the markets can be expected, although I'd say the Massachusetts special election plays only a small part in it.
Would you trust your money to these guys?
http://www.youtube.com/watch?v=UC31Oudc … r_embedded
http://www.youtube.com/watch?v=mzJmTCYm … r_embedded
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