[Onerom99]

Honestly, I think the markets are actually reacting to Obama leading in the polls.

Taxing the living daylights out of the rich, corporations, and investors?

No poor man ever gave me a job.

[babydubya1981]

Bingo. I think you nailed it.

[EdReform]

Honestly, I think the markets are actually reacting to Obama leading in the polls. Taxing the living daylights out of the rich, corporations, and investors? No poor man ever gave me a job.

Indeed.

74% of CEOs Believe Obama Would Be Disastrous for the Nation

[taildragger]

Taxing the living daylights out of the rich, corporations, and investors?

Many high net worth investors that may have not had the best asset allocated portfolios are hurting and are panicked.

I have spoken with either 1st or 2nd hand with those in brokerage or mental health, and people are not handling this well.....

Not ot mention I think many are getting out while the rate is still 15% and are harvesting their gains.

The question is, how far back does Obamee retro-act the tax like Clinton did.....

[silverleaf]

I agree.

I think the continuing market dive reflects Obama jitters.
It will be interesting to watch the polls and how the market reacts.

These hedge funders and CEO’s (and the europeans too) only thought they wanted democrats in control of everthing until Stretch Pelosi and the gang that can’t shoot straight foolishly tipped their hand on some of their future plans for Wall Street...

[SirJohnBarleycorn]

I think the markets are actually reacting to Obama leading in the polls

That's my opinion.

The smart money factored in the bailout and the Fed liquidity injections some time ago. They have been convinced the Fed and Treasury will not let the banking system fail and will use all of their tools to prevent that.

The issue now is Obama. The prevailing wisdom is that he will be in power with a Democrat-controlled Congress, absent some unlikely development.

--much higher government spending

--no significant new drilling or nuclear plants in the US, only expensive, currently very inefficient "alternative" energy.

--government-controlled health care industry

--much higher taxes on the productive, job-creating portion of the economy and welfare payments extending into more of the middle class

--absolutely no prospect for grappling with the coming massive social security shortfall

--suffocating any hope of vouchers or alternative schools, meaning a more leftist-indoctrinated and stupider American workforce

--citizenship for the illegals and a long-term Democrat majority

If McCain's prospects improve, look for a small rebound.

[dalebert]

i think u r right. just imagine what will happen if he is elected.

[Terpfen]

If investors actually think polls are an accurate reflection of reality they deserve to lose their pants—what other bad decisions have they made?

This time in 2000, Algore was up 11.

[McGruff]

Who’s buying?

[stockpirate]

What you said plus:

Didn’t help with bush-O-Socialist announcing he may nationalize some of our banks.

This whole mess has been planned for years and Bush, Paulson and others are part of the marxist takeover of America.

After we kill the bailout bill we need to try all the preps in this Coup and then HANG THEM ALL.

No tin foil hat required.

[rottndog]

Honestly, I think the markets are actually reacting to Obama leading in the polls.

Exactly right. Who of means in their right minds would not take immediate steps to insulate themselves as much as possible before Hussein can get his hands on their money? Protecting oneself from tax slavery is the prudent thing to do.

[Terpfen]

Honestly, I think the markets are actually reacting to Obama leading in the polls.

That's one hell of a delayed reaction, considering how long Obama has led the polls.

I still don't get the FR culture of poll worship. Sometimes I think people here would believe a poll that samples 999 Democrats and 1 Republican.