Skip to comments.Wall Street Prepares Clients for Obama Victory
Posted on 09/30/2012 6:22:58 PM PDT by Bigtigermike
As President Barack Obama widened his lead over Mitt Romney in polls this month, traders at hedge funds and investment firms began shooting emails to clients with a similar theme: It's time to start preparing for an Obama victory.
What many in the market worry about isn't that high earners may pay more in taxes if Obama is re-elected. It's gridlock in Washington come January, when more than $600 billion in spending cuts and tax hikes could kick in just as the country smacks into its borrowing limit again.
There is reason to expect a deal. If Obama wins, the Republican fight to make him a one-term president will be lost. With the elections over, there will be little reason or room for political posturing. House Republicans could finally decide to be more cooperative.
(Excerpt) Read more at m.cnbc.com ...
How in the hell could Obama be “widening his lead”
Who are they polling?
What goups suddenly find they are more happy with him and why?
THIS IS BULL$HIT
But what if Romney wins???????
Steve Forbes said this morning that he thought Romney was still going to win. A lot of them of raking in the bucks over the QE Infinity.
With the elections over, there will be little reason or room for political posturing. House Republicans could finally decide to be more cooperative.
So if Romney wins, democrats will finally decide to be
I don’t think so.
Every soldier that dies gives Obam another 1%.
Every dead ambassador and burned out embassy gives Obama another 5%.
Every unemployed person gives Obama another 2%.
Every closed factory gives Obama another 3%.
He cannot lose, he can do no wrong, when he does not answer a question he answers the question.
He is the Magic Man.
I’ve never seen anything like it, but this is the world we now live in, I cannot recognize it at all, and I hate it from the very core of my soul.
Obama is very well connected on wall street. If he can get those people who won’t vote for him to stay home on election day then it improves his chances.
These hedge fund creatures only read the NYT and WSJ and maybe WP ... I believe their view of the world is very restricted.
Republican leaders in D.C are Democrat-lite....the bent in Washington D.C. is Democrat-lite < Establishment < liberal < Far left < Socialists. There is no such thing as so called democrats cooperating with conservative principles
CNBC is a joke out side of Kudlow.
They are quoting the one Hedge Fund run by the Dems which is Blackstone .
More AXELROD ASTROTURF !!
Preparing is not the same as expecting. It would be wise for every investor to be prepared for the carnage about to happen if this socialist egomaniac is given another term.
I know they don't teach much in "Journolist" school these days, but is it possible that the author forgot about the 2014 midterms? The opposition party typically picks up seats in the midterms during a 2nd term Presidency, and given that we're likely still going to be in a recession, I'd expect a reelected Barry to take another "shellacking".
The GOP will have even more incentive to hold their ground in a 2nd Obama term (God forbid!).
Message to Wall St. fatcats:
Beware the Silent Majority.
Another Ass.Press 0-bootlicking, Romney hit piece.
Among the biggest lies the media always gives is the idea that Democratic voters represent the common individual, when the reality is, the Democratic Party has the majority of the most wealthy Americans backing them, in fact, it’s accurate to say that their support comes from both extremes of wealth, the wealthiest and the poorest who actually bother to vote. This puts the GOP close to the middle when it comes to the wealth of their backers.
Second, Wall Street, and the banking industry, has a history of being overwhelmingly Democratic. In fact, look up various major banks like Bank of America on opensecrets.org, and take a look at how they contributed to political campaigns in 2008 and 2010. I wasn’t surprised when I saw the results, much less the recorded fact.
I’m sure most of the big traders use MSNBC as source to base their plans and trades.
Do the letters FU mean anything NBC?