The stock markets aren't happy with the election results.

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OH GOD! Here I thought the stock market was rigged for Obama, and now this news?! They were conning the democrats!!! :MARIS61:
 
pretty surprised as in the short term this means more QE.
 
http://apiexchange.com/index_main.php?id=8&idz=236


Overall, the economic impact of these tax increases will be felt by the very investors who help promote long-term economic growth. In 2007, taxpayers with incomes greater than $200,000 reported 47 percent of all interest income, 60 percent of all dividends and an amazing 84 percent of all capital gains.

THE COMING TAX INCREASES - A COMPARISON

Conventional Short-Term: Current: 35.0%, January 2013: 43.4%
Conventional Long-Term: Current: 15.0%, January 2013: 23.8%
AMT Short-Term: Current: 28.0%, January 2013: 31.8%
AMT Long-Term: Current: 15.0%, January 2013: 23.8%

This is why
 
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It's just the beginning. What we've seen over the past few years has been the recovery. With these new taxes and regulations, we'll enter a new recession.
 
there has not been any recovery. its nothing more than market manipulation through QE and low interest rates.
 
Mark my words... We will see 1000-2000 point drops in a few months.

Kanjorski was asked if by CNBC’s “Power Lunch” co-host Tyler Mathisen if financial regulation relied too much on regulators themselves and not the power of law, which Congress has the authority to enact. Kanjorski said he would have preferred a tougher bill. However, call it political expediency, especially as financial regulation legislation has an uncertain fate, but Kanjorski warned if Congress didn’t pass financial regulation – the Dow would drop 1,000-2,000 points.
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BlazerWookee said:
Where should I move my piddly little 401K?
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Wook, I wish I knew. We're all trying to chase returns, and they're getting slimmer and slimmer. What you have is perhaps all you'll have. Inflation will eat away the rest.
 
...historically first trading day after election is a down day (73%). Like the devil says, if you liked it $20 a share, then you're gonna love it at $17. Next stop fiscal cliff, which is now going to kill the market since no Romney = no extensions. Look to buy options after it pulls out next week.
 
Dow down another 55 points, NASDAQ down 22.54; Gold at 1,726.60.
 
Still dropping....

Dow down 84.48, NASDAQ 25.84 and Gold up 1.5% since yesterday.

It's funny seeing the analysts yesterday believing this is just an emotional trend and things will turn around the next day. Doesn't look like things are turning around. The only way things will turn around is if Obama pulls a Clinton and keeps the taxes the same. Stimulate investing and the economy will stimulate with it.
 
I pulled everything out of the market before the election, except for my company stock options. I'm glad I did.

I wonder how far this thing will drop. QE3 produced almost no results, so I don't know how much more Obama / Ben's reckless spending will accomplish. If the QE stops producing, this thing could get ugly.
 
But I thought mcdonalds just had their first quarterly loss?

{Poasted via palm pilot}
 
Oh for the love of god, are you guys going to keep this tin foil hat shit up for the next 4 years?
 
julius said:
Oh for the love of god, are you guys going to keep this tin foil hat shit up for the next 4 years?
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There's a perception amongst the so-called 1% that we're gonna be in a heap of feces for the next four years under Obama. To get a clearer picture of that, see my Beer & Taxes thread.
 
julius said:
Oh for the love of god, are you guys going to keep this tin foil hat shit up for the next 4 years?
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Why is the DJIA down over 300 points the last two days? Is it because people who invest are feeling great about the near future of the economy?
 
ABM said:
There's a perception amongst the so-called 1% that we're gonna be in a heap of feces for the next four years under Obama. To get a clearer picture of that, see my Beer & Taxes thread.
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If you can't see the impending iceberg that is the end of QE + having to raise interest rates + historic amounts of debt + lack of productivity in this country and its eventual affect on the economy, that's on you.
 
PapaG said:
Why is the DJIA down over 300 points the last two days? Is it because people who invest are feeling great about the near future of the economy?
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yeah, because those 2 days are obviously a sign of things to come and not just the normal ups and downs of the DJIA.

And it's NEVER dropped a bunch over a short period of time or gone up a bunch in an equally short amount of time.
 
ABM said:
There's a perception amongst the so-called 1% that we're gonna be in a heap of feces for the next four years under Obama. To get a clearer picture of that, see my Beer & Taxes thread.
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you mean there are people who are upset that their way didn't win and actually think they'll be financially better off if they take their ball home and cry like a baby.
 
julius said:
you mean there are people who are upset that their way didn't win and actually think they'll be financially better off if they take their ball home and cry like a baby.
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A few of us have said this will happen whether Romney or Obama is elected (impending doom). The recovery is false, pretty soon the invisible hand will smack the shit out of the US economy. Unless they enact a hyper agressive tax and austerity measures, they're never going to undo the damage that was done with this debt and the inflation to come.

this stock shit is insignificant in the big scope, the markets are still being stimulated by the infusions of QE. All it really is is market manipulation to make a quick buck right now. Final money grab before the collapse. Like I said, you have about 3 years to protect your assets before we all take it in the ass.
 
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I hate to break it to you myopians, but things are going to have to crash. We can't keep pumping printed money into the economy and pretend that inflation is not going to happen.

I realize that the election was about Big Bird and Binders, and about how Romney is evil at Bain Capital, but there were very real issues that needed to be addressed, and I hope Obama actually means it when he says he's going to address the massive debts and deficits that he has played a large role in accumulating.

I doubt it, though. The endgame is to have the government control our economy, and as we see in Greece and Italy, that's a stupid approach.

We have a moocher majority at this point. That's reality. I actually hope the GOP does agree to raise taxes on everybody, just so the crash can come sooner. The Bush cuts for everybody expire on 1/1/13, and I think that everybody deserves to have their taxes raised. A family making $50k is going to be hit for an additional $3k/year in federal taxes.

Bring it on, and let's let people living over their means feel the pain.
 
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