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.

[snarkpup]

Once their guy is projected the winner, the media will need to make him look good; so I expect them to go into hyperdrive talking up the economy. When Clinton was elected, this process started on the local all-news station about 8:00 PM election eve. This replaced their Bush-era format that included hourly "homeless reports".

If the public hears nothing but "Happy days are here again", they will respond; and the "news" will eventually become a self-fulfilling prophesy. This should provide some fumes to keep the economy running for a while--until the full effects of socialism kick in.

[realcleanguy]

Mine is still worth a half million. Will consider either a state like Alaska, or most likely the other way, Costa Rica. Either way, i will work with my rep from Fidelity in the morning, look at moving the rest of it over into European investments. I was trying to hold out. I will move the other half million out of the US tomorrow. No reason to keep it here for BO to find a way to take it

[BlazingArizona]

Should I buy gold?

Not right now because we're still i the depressionary phase of unwinding the credit bubble. But all those bailouts mean inflation in the future, which willl be good for gold as soon as the economy starts moving again. Watch the money supply and exchange rate changes carefully.

[Schatze]

take the money and run before BO steals it

Yeah, that applies to 401k's, too -- the dimocrats are talking about merging people's 401k funds with Socialist Security. Looks like it's time to put the money under the mattress.

[blondee123]

I'm selling all my stock, I'll be damned if this MARXIST/MUSLIM/SATAN is going to get 40% of my dividends or stock or interest on anything! My cd's & savings will also be liquidated!

Newsmax has been predicting a stock market crash, watch it! No sense in keeping the stock, he'll tax it to oblivian!

[realcleanguy]

Nah, just move it out of the US. Obamanation is going to collapse this country, just move the money out. If the Fascists are going to take this country, I say leave them with nothing

[blondee123]

DIVIDEND TAX MCCAIN 15% (no change) OBAMA 39.6% - (How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama becomes president. The experts predict that 'Higher tax rates on dividends and capital gains would crash the stock market, yet do absolutely nothing to cut the deficit.')

[realcleanguy]

Exactly. i intend on investing all of my IRA money in Europe by COB tomorrow, Just a little over a million. Not much left after I took a beating. But, I will not give any to Obamanation. Not one dime. Screw him and his Fascists

[Schatze]

Obamanation is going to collapse this country

Yep. A biblical phrase (regarding the voting public) comes to mind: Forgive them, father, for they know not what they do.

[logician2u]

A risk-averse investor would no doubt slough off your suggestion as the sour-grapes partisan jibe it would appear to be.

Serious investors have learned (sometimes the hard way) not to let their political emotions interfere with sound investing principles:

Why It's Risky to Mix Politics and Investing

[olrtex]

Sell on the rumor, buy on the news (when the rumor and news are about something bad). The bad economic news of Obama is already factored into the market. Just look how much it has dropped over the past year. With any and all uncertainty about Obama’s election gone, businesses and investors can start working on how to cope. Look for the market to soar over the next six months to a year.

Yes, Marxism is, and will be bad, but it will take the Marxists more than four years to kill the American economy. And if the Republican Senators can get and keep a little intelligence and backbone (a bit “if,” I realize), then the Marxist march can be slowed a great deal.

[virgil]

I’m going to quietly start taking my money out of the bank and hiding it here and there. I think it would be prudent.

[uscabjd]

Hope you are right, I’m been buying. Good luck to you.

[uscabjd]

Hope you are right, I’m been buying. Good luck to you.

[fortunecookie]

Yeah, futures down. Shocker. Check this: DOW Futures, -324.00.

[Salvation]

I’m thinking that the market will fall 500-600 points tomorrow. Maybe even more.

Anyone?

[Aliska]

I'd be careful about my money because Obama is going to try to plug all the loopholes. I read elsewhere that they are already looking at Swiss bank accounts.

A person I once sorta respected was going to vote for Obama, thought the rich should be taxed, I argued that people would just try to hide their money, and the person claimed that they weren't going to be able to hide it from Obama. FWIW.

If you hoard cash, it could become worthless if the dollar deflates or (possibly a conspiracy, don't buy everything I read, haven't followed it closely), switch to the can't think of it, new North American currency.

I wouldn't put anything in a bank vault but keeping money at home is dangerous. You might want to look at a government employee credit union or several and spread your money around those. Or not. Do your homework.

Plus I wouldn't broadcast too much on the internet my plans. I believe people on a very large scale will begin converting their assets, those who have any and can, so that will reflect in the market. My situation is different as I don't have much one way or another.

This won't all necessarily be because of Obama's tax raises, because it is possible we ain't seen nothin' yet.

Just because Soros and some of those guys, and there are probably some on our side, they don't control everything yet.

[rdl6989]

Thanks.

[mhx]

Get it out now. The tax increase will be retroactive to January 1, 2008 of course.

[Little Pig]

So, the Dow was down 486 points today. Granted, some of that was non-election issues (or at least, that’s how the MSM portrayed it), but I can’t help but think that at least some of it was that smaller investors didn’t really expect that BHO would win (and maybe some of the bigger ones too), and now that he has, they realize that their investments are more at risk than if McCain had won.