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

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.

 

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?

 

They are in denial and haven't hit bottom yet.

 

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.

 

How long have you been reading this forum?

 

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.

 

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.

 

It's not a matter of crying so much as it's a matter of consumer/investor confidence. Huge, huge difference.

 

This all goes back to the TARP which was a Bush program. They should have let the big banks fail....they've created such a bigger mess now.

 

Are you going to offer more than just the "We Won" bullshit that the current President has made popular?

I hope you're living in a shack within a year.

 

This.

 

Yep.


Bush and Obama both supported TARP, and Obama even took more money from the program instead of asking for it to repaid after he became President.

Two liberals.

 

they'll just have a few delay tactics and a makeshift solution with 1 minute on the clock. people will cheer, but then they have to deal with it again in 6 months. Stagflation baby.

 

The question is whether or not Obama can continue to punt for four more years. Layoffs are already occurring at the corporate level.

Can we actually address the real issues at this point?