Dec
8
Stevie Do asked:
How far will the stock market be allowed to drop after Obama gets elected ? It won’t be long until the inauguration . Will it stabilize ?
AUGUSTINE
How far will the stock market be allowed to drop after Obama gets elected ? It won’t be long until the inauguration . Will it stabilize ?
AUGUSTINE
Comments
6 Responses to “How much will the stock market be allowed to fall Nov 5th ?”
I’m not republican or democratic I **** vetoing but I am a person who **** when people say this will happen when this person gets in for each side.
To answer your question the stock market can fall as far as there is stocks. Some companies don’t have stocks they never split it up like that so there not affected.
Who cares about the stock market. Didn’t we learn our lesson in the roaring 20’s? Are you afraid you won’t be able to shop at Abercrombie anymore?
If McCain gets elected it will stabilize soon and start gaining again. If Obama gets elected who knows… the market right now is already figuring he will get elected, hence the large drop off this monthy as soon as the polls started showing him pulling away with it in early October.
Nobody wants to pay those horrible oppressive tax rates he wants to impose on capital gains. It will be a LONG time before the market recovers if he gets into office.
Can’t you see what the Republicans have done to us under Bush?
How is that supply side economics and tax cuts for the rich doing for you?
We are booming right? Just like promised?
Like the promise of deregulating energy that gave us Enron would lower energy costs? Energy costs come down for ya? Cheney’s Halliburton got rich off of us though, then moved to Dubai.
Like privatizing health care like they did in 2001 they said would reduce medical costs and thus cover more people because of the “efficiency of the free market”?? How is that going? Doubled the cost? How about that?
Like the deregulation of the airlines? How are they doing?
Like the deregulation of the Banking industry and “free market self regulation” was going to make credit much easier?
What world are you detractors living in?
The Republicans have taken us to the cleaners after picking our pockets.
Do you have any idea of the amount they debt they have put on each and every one of us that is getting much worse right now?
Do you LIKE war? They do.
Feeling trickled on yet?
VOTE OBAMA unless you like the economy in the toilet and the rich getting all your money.
The worst thing for the market would be McSame getting elected.
Neither party will likely ruin the economy, so there isnt really much reason to think that obama will be much worse than McCain. Also, most of the result of an Obama victory is already “priced in.”
I didn’t want to preach, but some people have really been saying some misguided things in response to youe question, and somebody should set them straight. To be forthcoming, am a conservative. However, I agree that we need some very specific types of new regulation. We need to make sure that mortgage brokers keep a part of the mortgages they sell to wall street. We also need to make sure that wall street banks keep a certain part of their money in a cash reserve. Shareholders and regulators also need know if a bank has $1 billion in treasury bonds, but entered into derivative contracts to swap all of those safe interest payments for the interest payments of somebody else’s sub-prime mortgages. We also need to have rules that make sure that people can actually afford to pay their mortgages before banks can lend them money. None of this type of regulation will slow the economy one bit, just like the speed limit doesn’t slow trafic anymore than the increased number of car crashes would if we had no speed limit.
That being said, let get afew things straight. Increased regulation could have thrown a wet blanket on this runaway fire, but let’s be clear how the fire got started in the first place. Liberals in the congress and the Clinton administration pressured banks, directly and throught the Federal Reserve) to lend more and more money to more and more people, who had less and less abliity to pay them back. For example, Chase Bank got in hot water with the Federal Reserve and the Justice Department for not lending to unqualified borrowers in the late 90s, simply because a higher proportion of unqualified applicants (compared to qualified ones) happened to be black or hispanic or happened to live in poor neighborhoods. So instead of turning these people away, Chase and all the other banks simply eliminated credit and income standards and charged high interest rates to such people instead. This, of course, only increased the likelyhood these people would default on their mortgages.
Fannie Mae and Freddie Mac? they invented, popularized and insured mortgage-backed securities and they only failed because they began buying and insuring the sub-prime mortgages that wall street had been forced to buy. They did this to open up the market for these sub-prime mortgages so that more money could be lent to hitherto unqualified borrowers. Of course, this led to more risk taking, as Fannie Mae and Freddie Mac took on some of the risk wall street was to unwilling to take on directly.
Deregulation? Most of the banking deregulation pushed in the 90s by conservatives had to do with allowing conmercial banks and investment banks to merge with one another. It had nothing to do directly with mortgages.
In fact, the Bush administration, John McCain, and certain other republicans with a backbone were the only ones pushing for more regulation of Fannie Mae and Freddie Mac. Democrats like Barak Obama, Hillary Clinton, Harry Reed, Nancy Pilosi, and Barney Frenk opposed this proposed regulation because it would reduce lending to the poor and to minorities, and blatently insinuated that the rebublicans were being uncompassionate racists.
Corporate greed? Yes, there was corporate greed, and shortsightedness too. That’s where it ended up. The banks were making tons of money lending at high interest rates to people who they would never have been willing to lend money to before, and they made a lot of money doing it. All of those who objected that “this can’t last” were quickly reminded that the banks had a federally-imposed obligation to make such loans.
In short, this whole thing got started because of massive government interference in the private sector, it was not because of “republican deregulation,” which was done under the Clinton adnimistration, by the way.
Usually after new elections stocks start trending up , so whomever wins will push stocks up, however i strongly recommend obama for a better economy