No post-Obama bounce for stocks

Nov. 5 - Wall Street suffered a 5 percent retrenchment as investors realized an incoming Barack Obama presidency does not mean a new economic outlook.

Category:

News & Politics

Tags:

• dow
• jones
• nasdaq
• crude
• oil
• wall
• street
• economy

[scienterprize]

agreed... US economy inevitably will shrink, and the amount of effort they put in preventing a logical recession, just means they have extended the problem even further and prolong agony. Expect some real US$ inflation over the next 6 months!

[officialusa]

this is dumb.

If injecting over $750 billion dollars into the market, plus loads more overseas did not fix the market, a president elect who will not even be in office for 60+ days is not going to fix the markets.

[dankbot420]

I don't think the left had any intent on making

Palin look dumb. She dug her own hole.

She couldn't name one newspaper that she reads.

Now I'm not a political expert, but I would

think that politicians need to be people

who are well read. Governor? Doesn't know

one newspaper??? I would push to impeach

if I lived in one of her cities.

[subversivejackass]

No, but McCain/Palin are not as stupid as the left tries to portay them.

[dankbot420]

so palin and mccains educational background

is so much better than obamas?

[subversivejackass]

No stock market bounce for OBama's victory? What the eff do you expect. Obama is a fuken Marxist. He wants to destroy the American economy. Damn Americans are so frickin stupid to elect this door knob into office. He is so inexperienced and is clueless about Economics 101. Buyers remorse will set in late next year.

[GodKillerAtheist]

Why do the Republicans always have to screw up the Economy every time a Democrat takes office?

[nevous8]

Okay you don't know Buffet! Buffet even said himself that the rich NEED to be taxed more. I've seen Obama's policies for taxation and he will not go to that extreme (I BELIEVE that he never intends to). I can see him going back to basically the same taxation levels as clinton did back when he was in power, with some discrepancies obviously. The way I see it, with Obama (democrats) and centre, or centre to left policies, they push for 'future' technologies to create jobs instead of the same old.

[therealcaptobvious]

I don't for one second see how Obama was elected because people were "concerned about the economy". I don't hate libs, just their propoganda. Since the rich Arabs gave Obama money for his campaign, where is their confidence in our markets? Since Buffett is pimping this boy out, where is his confidence in the markets? What about the rich Obamabots? Hillary Clinton? Hollywood? Oprah? Matt Damon? Stocks are cheap, it should be shopping time.

[therealcaptobvious]

markets are going down in anticipation of GRA's and a capital gains tax hike. Which is probably why Buffett had that meeting with Obama this week...to attempt and talk him out of it. Dude, we need more than empty bipartisan claims, WHY will the markets go up under Obama? With what?

[therealcaptobvious]

I actually agree with that. Obama has got NO experience. Preaching "Evil Bush" is not a fiscal policy. Obama is going to use Bush as the adhominem and excuse for jumping off the deep end. He's going to do dumb shit like increase capital gains tax and GRA's during a credit crunch and a recession, increasing demand for energy and oil then prices, increase inflation, increase taxes... McCain wasn't great. He scared me A LOT less. Maybe Buffett will save us!