Posted on 11/07/2006 7:23:35 AM PST by rightinthemiddle
Wall Street Rises Ahead of Congressional Election Results
NEW YORK (AP) -- Wall Street extended its advance in early trading Tuesday as investors awaited the outcome of congressional elections that could tip the balance of power in Washington to the Democrats.
The election could strip power from Republicans in the House of Representatives for the first time since 1994. Stocks often rally after elections as Wall Street bets change will lead to a more business-friendly environment; the theory on the Street is that a split in power in Washington will create legislative gridlock, slowing down regulatory change.
(Excerpt) Read more at biz.yahoo.com ...
AAHH....but they got you to READ THIS!!!!
The dollar way down today also as it predicts Dem. inflationary/budget busting policies to come. The stock mkt. could just be rallying off the end of the uncertainty of the election. The bonds and the dollar are giving the true negative reaction to the feared Dem gains.
Heck, I'm rooting for gridlock. I'd prefer Republican gridlock, but I'll take any kind I can get.
The current RINOs are spending my money faster than the Dems ever dreamed of. Somebody has to get a grip. If it is finally a Bush Veto Pen that causes gridlock, then so be it. The RINO spenders earned every bit of this.
"..will lead to a more business-friendly environment.."
That is what is so sad about our national thinking. What is good for business may not be good for America. What good is it to become wealthy only to lose it all when socialism, communism or Islam takes over? We never learn, do we?
Amen
..........omg......lol......"Friendly," my ass.
We are seeing the absolute low point of modern, mainstream jounalism.
Democrats: Business-friendly.
BULLSCAT!"
AMEN The Democrat politicians have never been business friendly.
I have been a bookkeeper all my life, and most of the useless forms and "government surveys" have been initiated under the Dems.
The Republicans know what a drain it is on a business to have so many forms, surveys, and the following fees to contend with.
The media is all wrong on this assessment, IMO.
I think the Wall Street people are thinking NO CHANGES- Bush and Co still in charge on Wednesday.
You may be right!
Especially love the rise in minimum wage. That always helps the bottom line...........NOT NOT NOT NOT NOT"
How many reporters or "news" anchors ever tell the truth about the raises in UNION contracts whenever the minimum wage goes up even a penny???
Any raise in minimum wage is NOT good for the economy.
I have seen the results in Kalifornia when a minimum wage was required, and the first thing the mom & pop businesses do is figure out how they can lay off at least one person or drop a number of employees back to minimum hours instead of paying them for 40 hours a week. Especially when they work at a place that has some business hours which are busier than others. I have even seen split shifts in places like coffee shops and cleaning establishments. The busiest hours at the cleaners is early morning and after work. Not always a reason for a 40 hours person.
Yep, investors want nothing more then higher taxes.
Don't the Dems accuse the WSJ of being conservative??....I swear I've heard Chuck Schummer make statements to that effect...
And the sheeple think the dems are their saviors. How pathetic.
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