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

[Hendrix]

Let me get this straight. The republicans are for less regulation and less business taxes and the democrats are for more regulation and more taxes, yet Wall Street wants democrats in power so that they can slow down regulatory change with gridlock (i.e., Wall Street does not want less regulation). Boy that makes a lot of sense--not.

[debg]

Last week+ the market lost 6 days in a row when the pollsters showed Dems winning.

Over the weekend, Republicans moved up.
What d'ya know, the market went to over a 100 points.

[Rodm]

DOW at 12,175 up 71.07 NAS at 2,398 up 23

Major Rally because the Dems have shot themselves in the foot with Jon Carry. Put some ice on it!

[showme_the_Glory]

Bring on more unions. Business loves unions.

[RogerWilko]

I would think that the markets SURGING yesterday and today should DEFINITELY help Republicans! The surge should remind people that if they want the markets to remain on their current courses, they may not want to mess with the current situation.

Couldn't have asked for a better time than have 2 back-to-back days that have pushed the markets to a NEW record high for the DOW, 6 year high for the Nasdaq, and almost a 6 year high for the S&P (if we get a few more points) if the markets hold!

That's what I'm talkin' bout!

[rightinthemiddle]

Yes, but we can count on the media to spin it into something good for Liberals.

The MSM is our number one enemy. Until the MSM is fair, our country is at risk. Sad, but true.

[Beagle8U]

What I think is going on with the markets....

Someone leaked the RAT internal polling and it shows that there will be NO change of power in Congress!

[Gulf War One]

Plus they're thrilled with Sarbanes-Oxley.

Nor can they wait to pay their fair share of the coming global warming taxes.

Finally, businesses want to see us get back to treating terrorism, in the nuclear age, as a law enforcement problem again, just like when the Towers fell down so close to them.

Oh yeah, AP. You nailed another one. Good reporting.

[100-Fold_Return]

If DIMS WIN THE HOUSING BUBBLE WILL NOT BURST AND ILLEGALS WILL RACE BACK TO MEJICO!

America will return back to normal. /H. S.

[headsonpikes]

Let me get this straight. The republicans are for less regulation and less business taxes and the democrats are for more regulation and more taxes, yet Wall Street wants democrats in power so that they can slow down regulatory change with gridlock (i.e., Wall Street does not want less regulation). Boy that makes a lot of sense--not.

Well, the pubbies certainly claim to be deregulators, but traders recognize that the republicans, uh, 'exaggerate' about deregulation so they settle for gridlock, hoping that each party will stifle the other's perverse notions.

More economic morons of either party in government will be good for inflationary expansion of M3, in any event, which is good for the materials sector, particularly gold. Place your market bets accordingly.

[justiceseeker93]

It works both ways: the market surge helps Republicans but even more so, the Republican momentum helps the markets.

This theory about a Dem Congress causing regulatory gridlock which is good for the market has been part of the MSM financial coverage for the last several months. It's not a new card they're playing here.

[prov1813man]

Market forecasts its wishes and based on this moment's indicators. This indicates belief that our side will hold most likely and not be "wiped out" for sure.

AP = Always Propaganda

[laurav]

Yes, I'm not sure why the AP is reading this in the market's movements the last few days. Given that the Democrats have more or less committed to raising the dividend tax back up to pre-Bush levels if they win, any stock that's got an attractive dividend should be becoming a lot less attractive if the Democrats are poised to win. I would think that would be a more pronounced effect than some vague hope in future gridlock reducing the deficit and hence lowering interest rates.

[Digger]

Just look at the source. Total BS

[justiceseeker93]

You might be surprised at how many 'Rats, many of them former Clintonistas, sit on the Boards of Directors of Fortune 500 companies.

So it could be that some Wall Street people got knowledge of internal Dem polling showing that the GOP was likely to retain control of Congress, and that triggered the bullishness of the last two days.

Just a thought.

[rightinthemiddle]

It's a reach, but a nice one.

[lexington minuteman 1775]

Oh yeah the Democrats are friendly. About as friendly as the Black Widow spider is before she has sex with the male of the species and then shazam. He is no longer needed. I mean if the Dems take over and Federal taxes at least double as the Bush cuts end in 2010 people will have less spendable income. The AP needs to stop being a shill for the Democratic party.Like that will happen.

[justiceseeker93]

I'm not sure why the AP is reading this in the market's movements the last few days.

It's not just the last few days. I've heard this "regulatory gridlock" bunk from the MSM several times in the last few months.

[BradyLS]

Democrats: Business-friendly.

BULLSCAT!

Democrats: Business-friendly. Fat-Cat friendly more like.

[GOPJ]

If the market was going down, the AP would come up with a way to spin it for the dims... The AP is so busy kissing dem butt, that they're blinded...