Market Currents
It's tough to find any market pros to go on the record, says a fired-up Gary Kaminsky, but what...
-
Thursday, November 15, 2012, 1:05 PM ETIt's tough to find any market pros to go on the record, says a fired-up Gary Kaminsky, but what they're telling clients is the election was bad news for stocks. The bull market from the 2009 lows was about stocks priced for Armageddon meeting massive central bank stimulus, he says, but that dynamic is played out, leaving the markets to deal with the reality of a weak economy and questionable leadership in D.C.
Other date
Latest Articles
This news story has 28 comments:
Politics in general may not have an effect on stocks, however when your leaders are threatening:
*never ending higher taxes
*punishing businesses
*expanding the welfare/ entitlements, etc
You have people looking at what they have, what they have earned, what they have built and say to themselves:
"No, I am not going to let some millionaire criminal overlords in Washington take away what I have worked for so they can keep buying votes by handing out food stamps, free cell phones, disability income, unemployment benefits for 500 weeks, etc."
We also dodged a bullet of runaway defense spending with the Obama election and may actually have a better chance to balance the budget. The Romney balance by growth credo was alot of wishful thinking.
I always hope for the best but always include a plan for the worst.
The problem with most Americans: they are only good at the "hope" part.
I do not have a problem with the truly wealthy paying some more in taxes. However it never really works out that way. Washington cares about one thing in the end: Washington.
These multi-millionaire congress people do not really want to see higher taxes. They want every cent they have. No. They may talk a good game but in the end, the rich want to stay rich. In the end, the same people who always end up paying will pay: The middle class.
Always will.
Obamacare was just the start of this government control. More and more is going to come. Now that he knows he has 4 more years, the destruction of America he seeks will come to pass. The only thing we can hope for is strength in the Republican party and for even ones in the Democrats to come to their senses about the actual goal this guy has planned for us.
If you want to see how this can play out go to http://bit.ly/NatKWI, I saw it last night and is a real eye opener.
Please don't respond to this blog with statements that Obama is good for this country. You will never convince me.
Obamacare and the end to the Bush tax cuts will put a drag on the economy. Increasing taxes will pull money out of the free market. Growth with spending restraint was the only way to go.
(Europe as well as D.C.)
so market will go up - soon I think - since it is badly oversold right now
Bankruptcy, personal or fiscal, is stroke two of the bankster's two-stroke engine. Stroke one.......pump out as much fractionated debt as possible, getting fat on the fees, then Stroke two...........buy back, for pennies on the dollar, all that human misery.
During the past decade we have seen plenty of malaise as derived from political action, to wit: the 2006 financial crash which followed the housing crash - all caused by governmental regulations and incentives; current economic conditions, all caused by governmental meddling. It goes on ad-infinitum, and the source is always the same - poor governance influenced by political theory that is flawed.
Obama. He did not end the war in Iraq, he moved it back to Afghanistan and then moved in on Libya. I have to ask why? Why did he support the rebels in Libya against Gaddafi, yet no support for the rebels in Syria. Far more people are being killed by Asaad than Gaddafi. Why? Oil maybe?
Government spending? Let's see. He has taken the deficit from $10 Trillion to $16 Trillion in 4 years. It would have been more, however he had Benanke lower interest rates. What happens when rates rise to combat inflation and they will. He won't be able to afford the interest, let alone all his spending plans. Duh, ya think?
"Printing $ will only increase inflation and destroy the value of the US$"
Makes it obvious you really have no idea at all whatsoever is really going in the Fed.
"He did not end the war in Iraq, he moved it back to Afghanistan."
True, he moved it where it shoulda been, killed Bin Laden, all while reducing the exposure of US troops and assets.
"then moved in on Libya. I have to ask why? "
Because we killed French, Italian and other ally troops in Iraq.The nature of military alliances is that they are two way streets.
"yet no support for the rebels in Syria."
You may have missed the change in US foreign policy, but we no longer fight for Democracy and all that's good in the world. We fight to support national interests. There are none in Syria.
"Government spending? Let's see."
He saved the economy and for that matter the world, from a complete collapse.
"What happens when rates rise to combat inflation and they will."
Of course interest rates will rise. Eventually.