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

Discussion in 'Blazers OT Forum' started by blazerboy30, Nov 7, 2012.

  1. blazerboy30

    blazerboy30 Well-Known Member

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    Down over 2% and dropping.
     
  2. Eastoff

    Eastoff I admit it, I own a Meyers Jersey

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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:
     
  3. EL PRESIDENTE

    EL PRESIDENTE They/them

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    pretty surprised as in the short term this means more QE.
     
  4. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    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
     
    Last edited: Nov 7, 2012
  5. maxiep

    maxiep RIP Dr. Jack

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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.
     
  6. EL PRESIDENTE

    EL PRESIDENTE They/them

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    there has not been any recovery. its nothing more than market manipulation through QE and low interest rates.
     
  7. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    Mark my words... We will see 1000-2000 point drops in a few months.

     
  8. BlazerWookee

    BlazerWookee UNTILT THE DAMN PINWHEEL!

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    Where should I move my piddly little 401K?
     
  9. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    Healthcare
     
  10. maxiep

    maxiep RIP Dr. Jack

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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.
     
  11. blazerboy30

    blazerboy30 Well-Known Member

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    I thought the same. I closed my short positions yesterday thinking the market would like the non-stop money printing of the Ds.
     
  12. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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  13. MARIS61

    MARIS61 Real American

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    So now you're admitting Obama saved Wall Street?
     
  14. Haakzilla

    Haakzilla Well-Known Member

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    ...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.
     
  15. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    Dow down another 55 points, NASDAQ down 22.54; Gold at 1,726.60.
     
  16. magnifier661

    magnifier661 B-A-N-A-N-A-S!

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    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.
     
  17. blazerboy30

    blazerboy30 Well-Known Member

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    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.
     
  18. EL PRESIDENTE

    EL PRESIDENTE They/them

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    But I thought mcdonalds just had their first quarterly loss?

    {Poasted via palm pilot}
     
  19. julius

    julius Global Moderator Staff Member Global Moderator

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    Oh for the love of god, are you guys going to keep this tin foil hat shit up for the next 4 years?
     
  20. Fez Forthright

    Fez Forthright スーパーバッド Zero Cool

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    I don't mind this at all.

    It's great entertainment.
     

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