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| All that 'change' in the stock market; Hows that workin for ya? | |
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| Tweet Topic Started: Nov 7 2008, 11:57 PM (140 Views) | |
| Dwayne | Nov 7 2008, 11:57 PM Post #1 |
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Profanity deleted by Hoss
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As the cold hard reality begins to dawn on Wall Street, panic is setting in.
We haven't hit bottom yet. Edited by Dwayne, Nov 7 2008, 11:58 PM.
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| RTW | Nov 8 2008, 12:35 AM Post #2 |
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Vice Admiral
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If I had the resources, knowledge and Someone I know just bought a big sum of Ford Motor Corporation .... for under $2 a share. |
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| Dandandat | Nov 10 2008, 10:17 AM Post #3 |
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Time to put something here
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It should be noted that it is likely that those who drive the market where not in support of an Obama presidency as he is clearly going to be targeting them in his administration. Knowing that, the fall in the market, could be attributed to sore feelings rather than sound judgment on fiscal policy. Not to say that its not doe to sound judgment on fiscal policy; It just must be considered that there are other forces at play as well. |
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| Dwayne | Nov 10 2008, 11:36 AM Post #4 |
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Profanity deleted by Hoss
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^^^ I got two words about your theory... Warren. Buffett. Now I agree that the smaller investors may react negatively to Obama, but big investors make too much to worry. |
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| Swidden | Nov 10 2008, 07:12 PM Post #5 |
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Adm. Gadfly-at-large; Provisional wRench-fly at large
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I hope that we have hit bottom and that the markets will turn towards the better in months to come. If we've not hit bottom yet, I believe that we are close to it. Personally, I do believe that the two days following last week's election was a response to President-elect Obama's victory. However, I think that is well factored in now. If the markets drop more due to President-elect Obama's influence it will likely come from announcements regarding his economic plans as the specifics become available. In the months to come if we see a further significant drop I think it will come from the reports of how listed companies are doing. For most it is a foregone conclusion that we will be an official recession by the end 1Q 2009. Sooner or later the credit markets are going to really do more with lending. Someone will want to take advantage of potential opportunities in that area. I doubt that it will be as robust as it has been for some time yet, but I hope that we will see something resembling a sense of normality by the second half of 2009. |
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| Admiralbill_gomec | Nov 11 2008, 11:11 AM Post #6 |
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UberAdmiral
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Interesting that the market is still tanking. One thing a lot don't know is that a large reason for the pre-election drop was what some (my broker, and a few other investors I know) call the Obama factor. The market was factoring in an Obama win. Why would it drop so steeply? Obama wants to raise the capital gains rate from the current 15% to 28%. This was first mentioned in 2007 and remained a part of his platform. It would affect nearly 100,000,000 American investors. Even the lowest two income tax brackets (whose cap gains rate is 5%) would rise to 28%. I thought the market had already factored in the Obama effect, but I think I was too wishful. So far, all Obama has talked about is raising taxes (income, cap gains, social security payroll, business) and increased government spending. That doesn't give investors warm fuzzy feelings. Yes, there is a troubled economy, but, as I said that's only part of it. The other "elephant in the room" is not being discussed by the so-called "mainstream media." Edited by Admiralbill_gomec, Nov 11 2008, 11:13 AM.
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| Admiralbill_gomec | Nov 13 2008, 07:59 AM Post #7 |
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UberAdmiral
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This from the Wall Street Journal: http://online.wsj.com/article/SB122653625916922633.html Looks like the market hasn't finished pricing in the "Obama effect." |
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2:14 PM Jul 11