Stocks Rise As Investors Await Elections (AP Says Market Rooting for Dims)

AP/Yahoo! ^ | Tuesday November 7, 10:07 am ET | By Joe Bel Bruno, AP Business Writer

[rightinthemiddle]

Wall Street Rises Ahead of Congressional Election Results

NEW YORK (AP) -- Wall Street extended its advance in early trading Tuesday as investors awaited the outcome of congressional elections that could tip the balance of power in Washington to the Democrats.

The election could strip power from Republicans in the House of Representatives for the first time since 1994. Stocks often rally after elections as Wall Street bets change will lead to a more business-friendly environment; the theory on the Street is that a split in power in Washington will create legislative gridlock, slowing down regulatory change.

[rightinthemiddle]

Democrats: Business-friendly.

BULLSCAT!

[mlbford2]

The markets could be rooting for a gridlock. Plausible.

[Lowell]

They must be smoking crack again the the back offices.
I'm hoping they know somthing we don't.

[Mr. Mojo]

Stocks often rally after elections as Wall Street bets change will lead to a more business-friendly environment

lol.....higher taxes and greater regulation = more business friendly?

[rightinthemiddle]

Gridlock is not going to make the tax cuts permanent.

[freeperfromnj]

Man, do they have it backwards. Anyway, I thought the stock market had nothing to do with the economy.

[meowmeow]

What a load of crap. Yeah - Democrats, a businessman's best friend.

[jrooney]

Typical liberal understanding, wrong. AP is a bunch of ignorant, can't get your facts straight idiots. The stock market will go flat if donks win because they want to raise taxes on businesses. Stocks do not soar when taxes are raised.

[OldFriend]

LOL...sure the markets will love lawsuits against big oil, pharmaceutical companies, and big business in general. Always good for 401Ks, and stocks in general.

Especially love the rise in minimum wage. That always helps the bottom line...........NOT NOT NOT NOT NOT

[LC HOGHEAD]

the Democ rap NEOCOMMUNISTS will raise taxes, expand regulations and pass more loony envirowacko laws. GOOD FOR BUSINESS???

[mykpfsu]

If the dems get too much the stocks will go down. if its gridlock then the buisness enviroment doesn't change hence they would remain on an upward trend.

[rightinthemiddle]

And, the stock market doesn't do anything for Democrats, cuz only rich Republicans own stocks.

[Rodm]

More AP smoke'n dope.

Dems are bad, bad for business. Just ask MicroSoft after Janet El Reno got done with them.

[AmericaUnited]

AP Says Market Rooting for Dims

Businesses all across the country are just praying/hoping/rooting for higher taxes, more regulations, more stupid lawsuits from trial lawyers, more OSHA nazis crawling around their plants... /extreme sarcasm

[Thane_Banquo]

I think market is saying either GOP retains control, or Dems win a narrow than expected House majority. I work in the financial business. It is heavily GOP, and human biases do affect investment decisions, whether they should or not. That said, the stock market is, IMO, very inefficient.

[rightinthemiddle]

ping

[DJ Taylor]

..."Wall Street bets change will lead to a more business-friendly environment..."

Tax cuts repealed and minimum wages raised will lead to a more business-friendly environment?

And I trust these guys with my money? Now, I'm really depressed.

[bigbob]

But, Democrats are the APs best friend. And vice versa.

[MNJohnnie]

Democrats: Business-friendly. BULLSCAT!

Mega-a-DITTOS!

[Publius6961]

Wall Street extended its advance in early trading Tuesday as investors awaited the outcome of congressional elections that could tip the balance of power in Washington to the Democrats.

I have never had that much admiration or respect for "the market".
But if this is true, those clowns have switched from coke to crack and meth...