The Market Tomorrow

11/4/08 | Little Pig

[Little Pig]

The election was bound to impact stock markets worldwide tomorrow. Now that it's becoming evident that the next president will be a Democrat, it's almost a sure bet that the US market will be down tomorrow, whereas the Euro markets will be up.

[muawiyah]

Absolutely correct. The capital outflow probably started last week. I noticed a decline in volumes compared to SPLY. For that to happen all it takes is for the major traders to start mining the markets for any residual value they had.

[Revel]

You would think so. But the futures are up 34 points for the Dow right now.

[dr_who]

I don’t see how this could have been a dramatic surprise (for good or ill) as far as the stock market is concerned. If it has been going up today, it will continue to move upwards until the dullards finally figure out what Obama’s real agenda is.

[I_Like_Spam]

Should I buy gold?
________

I’d say no. The price of gold has been going down, but at the same time gold bullion coins are quite scarce now as small investors are scooping them up.

The gold coin market is at the bottom of the food chain as far as the market for gold is concerned. The little guys are really trying to get in now. Seems like quite a bearish signal, wait a few months.

[Outraged At FLA]

Anyone who sells on a day of an election result should not be in the business.

However, it will be interesting to see where we stand once Barry starts implementing whatever his plan is.

Myself, I will be taking any capital gains now, put the money in the closet and play wait and see..

If you are close to retirement, keep your eyes peeled. It may not be long before Barry wants your savings.

[jmj3jude]

Is the filbuster rule set in stone or can be changed to 50 votes like the republicans try to do over the judges?

[DanielRedfoot]

Absolutely Correct-

As Ann Coulter so perfectly put it, when asked id she would leave the country if Obama is elected, she said “No I won’t leave, but my money will…”

And I’m on the same page.

[petercooper]

Exactly- the skies have cleared. What depression? What recession?

[perfect_rovian_storm]

The rule is set in stone.

The rule that Republicans wanted to change involved only the filibustering of judicial nominees, which is something that we should start doing immediately. The Dems won’t hesitate to do the nuclear option, but it’s always good to hammer home that point to our idiot pubbies.

[Hound of the Baskervilles]

To: Little Pig

I don’t think there’ll be a negative impact. In fact, the losses we have had is because of the direction we were headed. The market will be very happy tomorrow because they will know where they stand and what they have to deal with. The market doesn’t like uncertainty and now that uncertainty doesn’t exist anymore. Look for it to go up a lot.
8888888888888888888

Ditto.

[perfect_rovian_storm]

Me too...when McCain won our nomination, I started the process of moving my company offshore.

[dr_lew]

The market assumed an Obama win already. If you’re looking for an Obama down, it will be based on his policy announcements, because he is now as of this moment, President of the United States. Welcome to the world, Obama.

[llevrok]

20h10PST - Asian markets are all up. We’ll see

[spyone]

The market will be up tommorrow.

[familyop]

Election Day in U.S. Buoys Stocks, Bonds After Steepest Drops Since 1970s

Asian Stocks Rise as U.S. Election Results Unfold; BHP, Honda Motor Gain

[Bloomberg titles and links only. Don't post any content from it.]

[jwparkerjr]

re: It’s a little curious that the stock market almost crashed 1 month prior to the election

I have no doubt the ‘crash’ was nothing more than the closing act of plan put in place by the opposition. Face it, they outplayed us in every aspect of the game.

They went after every aspect of an election and made sure they didn't let the rules get in the way.

I would expect the foreign markets to go up, probably way up, since most of the rest of the world really Obama to win and he did. I really don't know what to expect of our markets.

[mhx]

I sold the California property a couple of years ago. Whee.

[BlazingArizona]

The market has already discounted BHO’s victory. No impact.

The market has already discounted all capitalists being marched into Khmer Rouge corrective labor camps. If anything less happens, it's going up.

[garbanzo]

I’m looking towards the end of the week when jobless figures come out.

[Recon by Fire]

I believe it takes a super majority to change it.

I also believe that at one time it was 70 and the Rats changed it to 60, don't quote me on it though.