Stock Market

[BIGTEX]

It usually goes up after you find out who won. What happened? Everything should be great. Why is everyone pulling all their money out? Are they scared of a capitol gains tax increase.

 

[knabe]

It usually goes up after you find out who won. What happened? Everything should be great. Why is everyone pulling all their money out? Are they scared of a capitol gains tax increase.

government control of 401?

maybe people just need cash, maybe stock trading as a business model with the lions share of profits going to the people who got bailed out is losing it's popularity.


hmm, what's the most you spent some money on lately other than normal bills?

 

[ZNT]

The stock market has been in a downward trend.  Obama's win was already figured into the figures due to his lead ahead of the election.  The last couple of days have been a continuation of the recent fall.  Obama can't be blamed for this any more than any other single person can be blamed for the already hammered market(s). 

Anybody involved in the markets know the old saying "Buy the rumor, sell the fact."  This is the same reason why the market usually goes down after the Fed lowers interest rates.  They have already calculated in the lowering of interest rates.  Once it happens, it's on to new news, as in after the election, all attention turned back to the huge increase in long term jobless claims and poor earnings.

 

[aj]

I think there is a world of hurt coming down on rich people(small business). It will turn out to be around 70,000$ and above.

 

[SouthWest]

If this would have happened last week, the media would have it in every headline to use against McCain.  Now that he is out of the picture, its just being swept under the rug.  Which breed of dog Obama picks for the White House is making more headlines.  The stock market does not believe in Obama's economic plan.  There is no substance.  They don't believe in the direction it will take us.  In order to establish investor confidence, the Dems. are pushing for him to start naming his cabinet.  He started yesterday by naming his chief of staff.  By naming his staff maybe the investors will start to believe in him.

 

[knabe]

rahm emmanuel  board of freddie mac ginnie mae.  such confidence.  did nothing.

 

[SouthWest]

I agree Knabe.  Change, Change, Change.  A new direction to take the country.  So lets start off by naming previous Clinton staff member.  Career politician for "Change" I guess.

 

[cattlejunky]

Did you hear about Liberman.  I guess the dems are after him because of remarks he made about Obama at the RNC.  He may lose his position of being in charge of some commitees.

Yes lets worry about the dog!

The nightly news, morning news, and Oprah are banned in our house! 

 

[kanshow]

Oprah should be first in line to get her wealth redistributed.  I bet she'll be one happy camper when that happens. 

 

[BIGTEX]

The nightly news, morning news, and Oprah are banned in our house! 
[/quote]


I have these bans as well. I really have quit watching the news at all.

 

[JbarL]

It usually goes up after you find out who won. What happened? Everything should be great. Why is everyone pulling all their money out? Are they scared of a capitol gains tax increase.

government control of 401?

who gets the "penalty" monies for early withdrawl??.....  the company or the gov?...or do they split it?    jbarl

 

[Show Dad]

JbarL - You might loose some matching funds on non-vested funds from the company but the government will get the penalty for the early withdrawal.

Friday the stock market was up in the face of bad data from retailers and release of the unemployment figures. Though it seems odd it is actually the free market working (reacting) which instills confidence in investors. It show that as our economy fixes itself (even before the government bailout money starts flowing) inflation will be in check.

With all that said if Obama starts appointing big spenders (coupled with a big spending congress) a tail spin will be just around the corner.

What is needed at the Federal and State levels of government is the building of a business environment (infrastructure) that will allow the private sector to create jobs (some might call that wealth creation). But it will probably take awhile before the politicians wake up to this fact. Raising sales taxes or income taxes just to fund more of the same government spending (CA & NY) just shows that they are still sleep walking.

 

[AAOK]

rahm emmanuel  board of freddie mac ginnie mae.  such confidence.  did nothing.

The "reddest" state in the nation (Oklahoma) is pretty happy with the appointment of Emmanuel.  He has partnered several times with our Jr. Rep. Dan Boren (Dem), and has proved to be an ally to the Oil and Natural Gas industries.  FYI:  Oklahoma further solidified our standing as the “reddest” state in the nation by giving McCain his highest statewide vote total, percentage-wise. ... Incidently, our voter registration is 80/20 Dem. to Rep.