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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

Posted on 11/07/2006 7:23:35 AM PST by 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.

(Excerpt) Read more at biz.yahoo.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: bias; election; election2006; elections
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Democrats: Business-friendly.

BULLSCAT!

1 posted on 11/07/2006 7:23:37 AM PST by rightinthemiddle
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To: rightinthemiddle

The markets could be rooting for a gridlock. Plausible.


2 posted on 11/07/2006 7:24:59 AM PST by mlbford2 (If you are going to make a hole, make it a big one.)
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To: rightinthemiddle

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


3 posted on 11/07/2006 7:25:49 AM PST by Lowell (The voice from beyond the far right edge!)
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To: rightinthemiddle
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?

4 posted on 11/07/2006 7:25:58 AM PST by Mr. Mojo
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To: mlbford2


Gridlock is not going to make the tax cuts permanent.


5 posted on 11/07/2006 7:26:37 AM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: rightinthemiddle

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


6 posted on 11/07/2006 7:26:57 AM PST by freeperfromnj
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To: rightinthemiddle

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


7 posted on 11/07/2006 7:27:07 AM PST by meowmeow (In Loving Memory of Our Dear Viking Kitty (1987-2006))
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To: rightinthemiddle

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.


8 posted on 11/07/2006 7:27:20 AM PST by jrooney ( Hold your cards close.)
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To: rightinthemiddle
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

9 posted on 11/07/2006 7:27:50 AM PST by OldFriend (Vote For the Sake of All the People in the World Who Never Get to Vote)
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To: rightinthemiddle

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


10 posted on 11/07/2006 7:28:09 AM PST by LC HOGHEAD (Leftist neocommunists want war to happen as if on TV. A beginning and an end-- all in one shot)
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To: rightinthemiddle

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.


11 posted on 11/07/2006 7:28:24 AM PST by mykpfsu
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To: freeperfromnj

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


12 posted on 11/07/2006 7:28:31 AM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: rightinthemiddle
More AP smoke'n dope.

Dems are bad, bad for business. Just ask MicroSoft after Janet El Reno got done with them.
13 posted on 11/07/2006 7:29:40 AM PST by Rodm (Seest thou a man diligent in his business? He shall stand before kings)
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To: rightinthemiddle
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

14 posted on 11/07/2006 7:30:05 AM PST by AmericaUnited
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To: rightinthemiddle

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.


15 posted on 11/07/2006 7:30:49 AM PST by Thane_Banquo ("Give a man a fish, make him a Democrat. Teach a man to fish, make him a Republican.")
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To: MNJohnnie

ping


16 posted on 11/07/2006 7:32:14 AM PST by rightinthemiddle (Without the Media, the Left and Islamofacists are Nothing.)
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To: rightinthemiddle
..."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.

17 posted on 11/07/2006 7:32:17 AM PST by DJ Taylor (Once again our country is at war, and once again the Democrats have sided with our enemy.)
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To: meowmeow

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


18 posted on 11/07/2006 7:33:52 AM PST by bigbob (2)
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To: rightinthemiddle
Democrats: Business-friendly. BULLSCAT!

Mega-a-DITTOS!

19 posted on 11/07/2006 7:35:07 AM PST by MNJohnnie (The Democrat Party: Hard on Taxpayers, Soft on Terrorism!)
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To: rightinthemiddle
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...

20 posted on 11/07/2006 7:35:27 AM PST by Publius6961 (MSM: Israelis are killed by rockets; Lebanese are killed by Israelis.)
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