[Gideon7]

Wall Street is waiting until November 2012. If Obama gets re-elected, THEN you will see panic.

You mean like this?

 

[SatinDoll]

That graph would be really, REALLY depressing if it wasn’t so obviously an opportunity.

[justiceseeker93]

True, the general stock market anticipates political trends.

The high on the Dow, BTW, in 2007, was more like 14,600. It's currently something like 12,000.

Contrary to popular opinion, however, Wall Street brokerages and banks have more connections to the Democrats and contributed more to their campaigns in 2008 than they did to Republicans. In exchange, they got quite a number of senior appointments to the Obama Administration.

In the current debt debate, they have a vested interest in raising the debt ceiling so that they can buy and sell more Treasury bonds, regardless of their ratings. So they play along with the Democrat and media scare tactics.