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Thread: Obama's Election and Wall Street

  1. #11
    Senior Member DSemple's Avatar
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    Quote Originally Posted by Buzz View Post
    On Wall Street, this year is just like any other?

    I'm in the process of trying to figure out what investments would be good for an Obama Administration.
    Construction minority contracting is one of the investments I've become involved in. Paperwork’s a huge hassle, but the margins and lack of competition make it very profitable.

    ....Don
    Just for the record I have very fine dogs. Some of the best in the whole country....or at least on my own block anyhow.

  2. #12
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    Quote Originally Posted by Buzz View Post
    Watch him put a nice looking chick in a bikini up for an avatar now, just to make me look bad.
    LOL! I had a great spoof poster of the girls version of Brokeback starring Jessica Alba and Halle Berry....think it was call Brokeback: Fur Traders or something like that. Shoulda kept that one!

  3. #13
    Senior Member Hoosier's Avatar
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    The company's that make those spinner hubcaps should do good. Anything sold in mass in low income areas.

  4. #14
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    Quote Originally Posted by Buzz View Post
    By the way, your avatar grosses me out.
    By your actions you have chosen that demographic as part of the group you prefer to associate with.

    BTW, The Dow finished the day at 9,139.27 down 486.01, S & P 952.27 down 52.98 & the Nasdaq 1,681.64 down 98.48. This means they started the Redistributors reign at 9,525.28, 1,005.25 & 1,780.36 respectively. Care to make a wager as to where they will be located when the election day ends 4 years from now? In real terms, not just Up or Down, as there were nothing but High expectations from this point, as there were yesterday when it was still felt McCain had a chance.

    Maybe a return to the Bush years of 14,000 before the D's failed policies came into effect (talk about creating a mess & being rewarded for that action) or will it sit at Dow 17,500, a mere 25% gain for the 4 years? I'd like to hear your take on where you think things are going.

    Please don't say you don't know as you have no crystal ball, please remember you bought into a candidate without a track record of accomplishment so you apparently have those powers.
    __________________________

    Marvin S

    Everyone's friend is No One's friend

    Someday your life will flash before your eyes. It's your responsibility to make sure it's worth watching!

  5. #15
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    Quote Originally Posted by Buzz View Post
    On Wall Street, this year is just like any other?

    I'm in the process of trying to figure out what investments would be good for an Obama Administration.
    Well with Obama wanting to tax Corporations and wealthy more here in the USA, international might be better since they already have 2 times multiple advantage due to taxes and regulations, and an 11 times multiple advantage when wages are factored in.

    If you noticed last night, Asian and international markets went up while the domestic pre-trading went down. Smart money and investors such as Jim Rogers are leaving the USA for Asian and emerging markets.

    http://en.wikipedia.org/wiki/Jim_Rogers
    Terry Britton, P.E.

    Engineers believe that if it isn't broken, it doesn't have enough features yet.

  6. #16
    Senior Member AmiableLabs's Avatar
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    Henry, your article does not contradict me. I was repeating what I heard said on CNBC on Tuesday when the pundits were discussing on how stocks closed up 300. They mentioned that is also always closes up the day after the election because of the resolution of the uncertainty caused by the election.

    The pundits were talking about one day -- the day after the election. Your article is talking about the election year and trends.
    Kevin Walker

    Drive is the manifestation of Desire, and measured in Style.
    Thank you judges who score Style, you are preserving Desire!

  7. #17
    Senior Member AmiableLabs's Avatar
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    Here is a link to Cavuto saying the same thing on video -- CLICK.
    Kevin Walker

    Drive is the manifestation of Desire, and measured in Style.
    Thank you judges who score Style, you are preserving Desire!

  8. #18
    Senior Member AmiableLabs's Avatar
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    Well, it appears I was wrong when I said "always," but in my defense, I was just repeating what I heard on CNBC.

    NEW YORK, Nov 5 (Reuters) - Wall Street hardly delivered a
    rousing welcome to President-elect Barack Obama on Wednesday,
    dropping by the largest margin on record for a day following a U.S.
    presidential contest.

    The slide more than wiped out the previous day's advance, the
    largest Election Day rally ever for U.S. stocks.

    The following table shows the percentage rise or decline in the
    Dow Jones industrial average .DJI, Standard & Poor's 500 index
    .SPX and Nasdaq composite index .IXIC on the day after a U.S
    presidential election and who won the Election Day vote.

    Year Dow S&P Nasdaq President elect
    2008 -5.05 -5.27 -5.53 Barack Obama
    2004 +1.01 +1.12 +0.98 George W. Bush
    2000 -0.41 -1.58 -5.39 No decision: G.W. Bush v Al Gore*
    1996 +1.59 +1.46 +1.34 William Clinton
    1992 -0.91 -0.67 +0.16 William Clinton
    1988 -0.43 -0.66 -0.29 George H. W. Bush
    1984 -0.88 -0.73 -0.32 Ronald Reagan
    1980 +1.70 +1.77 +1.49 Ronald Reagan
    1976 -0.99 -1.14 -1.12 James Carter
    1972 -0.11 -0.55 -0.39 Richard Nixon
    1968 +0.34 +0.16 --- Richard Nixon
    1964 -0.19 -0.05 --- Lyndon Johnson
    1960 +0.77 +0.44 --- John Kennedy
    1956 -0.85 -1.03 --- Dwight Eisenhower
    1952 +0.40 +0.28 --- Dwight Eisenhower
    1948 -3.85 -4.15 --- Harry Truman
    1944 -0.27 0.00 --- Franklin Roosevelt
    1940 -2.39 -3.14 --- Franklin Roosevelt
    1936 +2.26 +1.40 --- Franklin Roosevelt
    1932 -4.51 -2.67 --- Franklin Roosevelt
    1928 +1.20 +1.77 --- Herbert Hoover
    1924 +1.17 --- --- Calvin Coolidge
    1920 -0.57 --- --- Warren Harding
    1916 -0.35 --- --- Woodrow Wilson
    1912 +1.83 --- --- Woodrow Wilson
    1908 +2.38 --- --- William Taft
    1904 +1.30 --- --- Theodore Roosevelt
    1900 +3.33 --- --- William McKinley
    1896 +4.54 --- --- William McKinley

    * George W. Bush ultimately was determined the winner of the 2000
    election.

    Source: Reuters EcoWin
    Kevin Walker

    Drive is the manifestation of Desire, and measured in Style.
    Thank you judges who score Style, you are preserving Desire!

  9. #19
    Senior Member Joe S.'s Avatar
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    Tell ya' what I'm going to do for you Marv, you pick the number and I'll go "Higher" or "Lower" for $100.00.


    Quote Originally Posted by Marvin S View Post
    By your actions you have chosen that demographic as part of the group you prefer to associate with.

    BTW, The Dow finished the day at 9,139.27 down 486.01, S & P 952.27 down 52.98 & the Nasdaq 1,681.64 down 98.48. This means they started the Redistributors reign at 9,525.28, 1,005.25 & 1,780.36 respectively. Care to make a wager as to where they will be located when the election day ends 4 years from now? In real terms, not just Up or Down, as there were nothing but High expectations from this point, as there were yesterday when it was still felt McCain had a chance.

    Maybe a return to the Bush years of 14,000 before the D's failed policies came into effect (talk about creating a mess & being rewarded for that action) or will it sit at Dow 17,500, a mere 25% gain for the 4 years? I'd like to hear your take on where you think things are going.

    Please don't say you don't know as you have no crystal ball, please remember you bought into a candidate without a track record of accomplishment so you apparently have those powers.
    "Life shrinks or expands in proportion to one's courage." - Anais Nin

  10. #20
    Senior Member Buzz's Avatar
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    Marv, I'll give you the same deal as Joe.

    By the way, right now I feel pretty darn good about my vote. See my thread - This could get ugly.

    You can argue till the cows come home about Obama's lack of experience, but Palin takes the cake. I voted for what I thought was best for the country, not my personal pocketbook or my "values."
    Last edited by Buzz; 11-05-2008 at 09:30 PM.
    "For everyone to whom much is given, of him shall much be required." -- Luke 12:48

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