One has to look very hard for a benefit of the democrat victories.
"fears that a Democrat victory"
Where were these reports before the election??? Watch how the MSM plays WOW we didn't know how bad things were gonna get... Same with the Stay at home Conservatives... If we only knew how bad it would have been we would have been out in force... sorry too late I have become the epitomy of cynasim
Can you blame them? The inmates have just seized control of the asylum.
The democrats want to raise minimum wage, so there goes the tax breaks the businesses used to build and hire. There's gong to be lay offs and downsizing coming. That'll also reduce the tax revenue going to Washington.
The Republicans gave us a record low unemployment rate, but the democrats are going to screw it up. Without social dependents, the democrats have no base.
The whole world is realizing their turn in an orange
jumpsuit in front of Al-jezera Video cameras is not far off!
And why wouldn't the world financial markets be rattled by the results of Tuesday?? It's all very unnerving!
Nancee
The dow is down less than 20 at this moment and would have been down today regardless of the election results. Markets are not in shock over dems win and not rejoicing republican losses.
Time to go long the Swiss Franc (FXF) and GLD.
Incoming Democrats will go on the record that they are going to be Business friendly, that they wont enact draconian laws, yadda yadda, that they will do things to help the economy, yadda yadda, and the financial markets will recover, but the Liberals in the party will have a sh*tfit.
I just finished selling most of our remaining mutual funds. The market drop in May was an early warning of this.
Fortunately, we had sell orders on our ETF's and only lost 8% of the ytd increases.
A month ago I weeded out most of our mutual funds which hadn't rebounded from the May losses versus a few that had done well.
I just got off of our Fidelity accounts and have sold most of the remaining funds. We are now in money markets and CDS for most of our IRA's with a handful of Mutual Funds which did okay during the Clinton Bubble Bursting recession and post 9/11. Those few remaining funds will monitored on a daily basis and they show big slides downward.
Below is a link to a thread that I posted earlier this morning:
http://www.freerepublic.com/focus/f-news/1734724/posts
U.S. stock futures down as Democrats take control
marketwatch.com ^ | 11/08/2006 | staff
Posted on 11/08/2006 6:03:17 AM PST by Grampa Dave
U.S. stock futures down as Democrats take control
LONDON (MarketWatch) -- U.S. stock market futures fell on Wednesday as Wall Street expressed disappointment that Democrats took control of the House of Representatives for the first time in 12 years, and the possibility that they would control the Senate as well. S&P 500 futures fell 5.10 points at 1,383.90 and Nasdaq 100 futures shed 6.75 points at 1,745.00. Dow industrial futures slumped 25 points to 12,163. On Tuesday, U.S. stocks rose for the second straight day. The Dow industrials rose 51 points, the Nasdaq Composite rose 9.9 points and the S&P 500 rose 3.1 points. See full story.
Markets weren't as bullish on Wednesday. Though markets had largely expected the Democrats to take control of the House, the Democrats weren't widely expected to take over the Senate. The Democrats could take control if they win in Montana and Virginia, two races that still haven't been declared.
"The Democrats are known to be less business friendly than the Republicans and there will be less decision making coming out of the U.S. government for the next two years. It's that simple," said Geoff Langham, head of trading for CMC Markets in London."
Excerpt go to link for full article:
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B6DD76413%2DAF8E%2D4DB5%2DAE19%2D42165DB8760B%7D&siteid=bigcharts&dist=news
We have seen the last of a 12,000 Dow.
Give it a year (or less).
Things will get worse.