Not to worry
The democrats now have free reign to prove their trickle up theory
Shovel loads of money to the nontaxpayers and that wealth will trickle up to Wall Street
GOP needs to vote “present” and let this happen
Futures were up last time I checked. Whether it will maintain an advance is the question. It wont go straight down of course but how can obama’s stated policies push it to trend any other way?
We are so screwed
Richard Russell’s comments yesterday on Dow Theory Letters:
“However, on a strict Dow Theory interpretation nothing has been proven so far, and we are still in a primary bear market. For an orthodox Dow Theory reversal of the bear trend, we would have to see the Industrials and Transports decline to recent lows (Dow to 8175.77, Transports to 3364.98) with one of the two Averages not confirming a new low recorded by the other. Following such action, the two Averages should then advance to new highs above the November 4 highs (Dow 9625.29, Transports 4071.81). That series would confirm that the primary trend had turned from bear to bull.”
Higher prices, higher interest rates, higher unemployment to follow...
Our newly elected side is going to be busy trying to make things ‘fair’ while our ‘friends’ and enemies abroad are going full tilt at shifting the center of gravity to their advantage. We are going to see challenges coming at us from sources that wouldn't dared to have confront Dubya in such a bold fashion.
Anyone of these challenges, if left unanswered or unpunished, it will simply raise the stakes of game.
It’s called the “Obama Dump”
Unlike the Reagan Bump.
Please, please take that offensive apostrophe out of your headline. It hurts.