Watch The Market Tank If Obama's Elected...

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Comments

  • FiveB247x
    FiveB247x Posts: 2,330
    The Stock Market has been fluctuating in general regardlesss of the election. The outcome of the election will sway it in some minor form either way, but nothing significant.
    CONservative governMENt

    Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
  • Speakers
    Speakers Posts: 252
    saveuplife wrote:
    Ha haa.

    You just aren't listening. I'm talking about this week, man.... and markets... a high frequency indicator.

    I don't think it would be breaking news to know the economy is going to struggle over the next few months.


    Who cares about a week? Who invests for a week besides day traders? That is way to stressful for me. I hope it tanks this week, thats the only reason why I'm voting for Obama, so I can get stocks cheap this week. I agree with a previous poster and will look for deals. I've been wanting to get my money back into stocks so thats why I am hoping Obama wins tomorrow.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Honestly, not that anyone really knows what the markets WILL do,
    but most of the credible analysts on CNBC are saying that an Obama win is already priced in to the market.

    So i would say,
    probably not so much on the crashy-crashy if Obama wins.

    Besides, most of those who wanted to sell have already sold.
    Thats why the market is now moving sideways.

    ;)
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • heartdesire
    heartdesire Posts: 430
    saveuplife wrote:
    ...The Dow will tank this week!

    Mark my words.

    Betcha you are wrong. You are doom in gloom in action, thank ya very little.
    "i'm a dedicated insomniac" ~ ev nyc beacon 6/22
  • digster
    digster Posts: 1,293
    heart&desire wrote:
    Betcha you are wrong. You are doom in gloom in action, thank ya very little.

    I thought it was the Angry Depressive Left, not the Debbie Downer right.

    Now, saveuplife, you wouldn't be wishing bad things on your country just because the person you want to win does not, now are you?
  • Ms. Haiku
    Ms. Haiku Washington DC Posts: 7,373
    saveuplife wrote:
    ...The Dow will tank this week!

    Mark my words.
    That's so ironic. Hahahahahahaha. Your talking to people who hope they aren't getting laid off this winter because of what's been going on since September. Ohmygawd! That's so funny. It's like you think the market's been so great the past couple months. hahahahahahahaha!
    There is no such thing as leftover pizza. There is now pizza and later pizza. - anonymous
    The risk I took was calculated, but man, am I bad at math - The Mincing Mockingbird
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Talking about this on CNBC right now.

    Market (Intrade Election Futures) has "priced" Obama at 91% to win.
    This is an online "market" where traders can speculate on the candidates just like commodities in a real market.

    So the market has DEFINATELY priced in an Obama win.

    Per the Fast Money team, they are saying that the only thing that would be a HUGE NEGATIVE for the market would be

    a. A MCCAIN Win
    b. Dems winning more than 60% in the house.

    Just regurgitatin what i heard.
    ;)
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • saveuplife
    saveuplife Posts: 1,173
    digster wrote:
    I thought it was the Angry Depressive Left, not the Debbie Downer right.

    Now, saveuplife, you wouldn't be wishing bad things on your country just because the person you want to win does not, now are you?


    Absolutely not. I'm just betting things will go this way in the next couple days. The jist as I've explained before is that he's going to increase taxes on investors and corporations... the market has priced in a large amount of this, but...

    ...you'll see the real effects over the next day or two or three. Watch.

    Do I want stock prices to go down? No. Not at all. If I were in control, I wouldn't advertise that I was going to increase taxes on the market.

    Let's see if I'm right tomorrow and more so, on Wednesday.
  • gabers
    gabers Posts: 2,787
    I recall the opposite when daddy Bush was officially replaced by Clinton. Must be a dirty trick buy those damn tax and spend libs. I hear Acorn has been telling poor minorities to invest in the stock market after Obama wins.
  • Surf Rider
    Surf Rider Posts: 813
    edited March 2009
    ...................
    Post edited by Surf Rider on
  • aNiMaL
    aNiMaL Posts: 7,117
    saveuplife wrote:
    The man wants to raise taxes on both corporations and small business.

    That's why markets will tank.
    The same way it did under President Clinton?
  • aNiMaL
    aNiMaL Posts: 7,117
    saveuplife wrote:
    Absolutely not. I'm just betting things will go this way in the next couple days. The jist as I've explained before is that he's going to increase taxes on investors and corporations... the market has priced in a large amount of this, but...

    ...you'll see the real effects over the next day or two or three. Watch.

    Do I want stock prices to go down? No. Not at all. If I were in control, I wouldn't advertise that I was going to increase taxes on the market.

    Let's see if I'm right tomorrow and more so, on Wednesday.
    I just wanted to get this quoted so we can come back to it. :)
  • MattyJoe
    MattyJoe Posts: 1,424
    saveuplife wrote:
    ...The Dow will tank this week!

    Mark my words.

    You are absolutely right. Obama = Higher corporate taxes = Scared investors
    I pledge to you a government that will not only work well, but wisely, its ability to act tempered by prudence, and its willingness to do good, balanced by the knowledge that government is never more dangerous than when our desire to have it help us blinds us to its great power to harm us.
    -Reagan
  • MattyJoe
    MattyJoe Posts: 1,424
    aNiMaL wrote:
    The same way it did under President Clinton?

    People give him too much credit. He did hardly anything. He was lucky to be President during a big tech boom and with a Republican Congress, which prevented raising taxes. Obama won't get so lucky.
    I pledge to you a government that will not only work well, but wisely, its ability to act tempered by prudence, and its willingness to do good, balanced by the knowledge that government is never more dangerous than when our desire to have it help us blinds us to its great power to harm us.
    -Reagan
  • Surf Rider
    Surf Rider Posts: 813
    MattyJoe wrote:
    People give him too much credit. He did hardly anything. He was lucky to be President during a big tech boom and with a Republican Congress, which prevented raising taxes. Obama won't get so lucky.


    ya it was luck, you stick with that one sparky.
  • aNiMaL
    aNiMaL Posts: 7,117
    MattyJoe wrote:
    People give him too much credit. He did hardly anything. He was lucky to be President during a big tech boom and with a Republican Congress, which prevented raising taxes. Obama won't get so lucky.
    Obama is not raising taxes, as much as he's letting expire and opting out of renewing the tax cut to the richest 1% and corporations making billions of dollars that President GW gave them. A tax cut that was set to expire anyways. Obama wants to go back to growing the economy from the bottom up, with a balanced budget like Clinton did it, not from the top down as GW has tried and failed at the last 7 1/2 years.

    All the doom and gloom from the conservative right is hysterical...all things considered.
  • Kann
    Kann Posts: 1,146
    DriftingByTheStorm wrote:
    Per the Fast Money team, they are saying that the only thing that would be a HUGE NEGATIVE for the market would be

    a. A MCCAIN Win
    That would make more sense as everyone is expecting an Obama victory. And the one thing markets do not like is the unexpected!
    MattyJoe wrote:
    You are absolutely right. Obama = Higher corporate taxes = Scared investors
    Or higher corporate taxes=tax cuts for the middle class=more spending=higher profits for corporation=happy investors.
    The truth is neither I, nor you, nor the investor down in wall street really know what will happen whatever we tell ourselves. Predicting markets is a dream that people tried to rationalize by adding complicated mathematical equations (which do not seem to work out that well).
  • jimed14
    jimed14 Posts: 9,488
    somewhat interesting that stocks are up nerly 300 points today as people are voting and it is expected that Obama will win ...
    "You're one of the few Red Sox fans I don't mind." - Newch91

    "I don't believe in damn curses. Wake up the damn Bambino and have me face him. Maybe I'll drill him in the ass." --- Pedro Martinez
  • Strangest Tribe
    Strangest Tribe Posts: 2,502
    saveuplife wrote:
    We'll do worse.... that's the point. Markets don't want him in and will show it.

    You may ask, "why don't they want him in? He's such a great speaker."

    Answer: Because of his policy proposals.... He wants to increase taxes on corporations and a large share of investors. That's why markets will tank. It's very obvious.
    Then how do you explain the large corporate banks PAC's financing Obama's campaign over 2:1 to McCain?

    And when you studied economics 101 didn't they teach you objective study of the markets? There are no economic models for emotions? I'm not an economist and I know this much.
    the Minions
  • aNiMaL
    aNiMaL Posts: 7,117
    jimed14 wrote:
    somewhat interesting that stocks are up nerly 300 points today as people are voting and it is expected that Obama will win ...
    The Russell 2000 index of smaller companies rose 10.83, or 2.01 percent, to 549.33...all with an expected Obama win.

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