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Market recap: Stocks retreated from early gains after Pres. Obama repeated his insistence that...

Market recap: Stocks retreated from early gains after Pres. Obama repeated his insistence that the rich pay more to cut the federal deficit, although no one can tell if it is just posturing before fiscal cliff talks begin next week. Banks rose on reports that Basel III rules will be delayed. Crude oil climbed 1.2% to $86.07; 10-year Treasury yields fell to 1.613%. NYSE gainers and losers finished nearly even.
Comments (6)
  • Lakeaffect
    , contributor
    Comments (978) | Send Message
     
    He is not posturing. Obama believes he has his mandate. I say Boehner should stand aside and let the President have free rein. If he makes a mess of things, then the people will sweep the Republicans into Congress in 2014. If he's right, then we'll be better off.

     

    Just give him his wishes, but demand specific outcomes, both quantitative and timeliness, so the outcomes can be measured and communicated to the electorate.

     

    If Boehner and the Republicans continue to play foil to the President's wishes, they will only find themselves back in the minority come 2014. Then the President's going to do what he wants anyway.

     

    A true statesman would be willing to sacrifice his career, if that is what it takes, in order to get voters to understand why they have been fighting tooth and nail against this President's policies.
    9 Nov 2012, 06:32 PM Reply Like
  • Joefla
    , contributor
    Comment (1) | Send Message
     
    51%/49% is not a clear mandate. We are still as divided as before the election
    12 Nov 2012, 08:07 AM Reply Like
  • Geoffrey Harris
    , contributor
    Comments (850) | Send Message
     
    Tax rates were higher under Clinton and higher still under Eisenhower. How is that consistent with the strength in the economy demonstrated in the 50's and 90's? Also the debt ceiling standoff in late July and early August was largely responsible for the crash in the markets in August. For the past 4 years the Republicans have obstructed the executive branch and sought to bring down the President. They were not succesful in that. Now they are continuing on that same path. People are aware that they are mean-spirited and vicious and deluded. So are you Lake. You just lost on Tuesday. Deal with it.
    9 Nov 2012, 11:41 PM Reply Like
  • Bill L.
    , contributor
    Comments (682) | Send Message
     
    This week's sentiment update: http://bit.ly/QvqCYa

     

    -Bill L.
    10 Nov 2012, 01:01 AM Reply Like
  • Petelovesamy
    , contributor
    Comments (178) | Send Message
     
    SP's 2.35% drop vs Dow's 1.9% drop.............This "selling" is for real !?!?!?
    10 Nov 2012, 11:40 AM Reply Like
  • Bill L.
    , contributor
    Comments (682) | Send Message
     
    If it shows up on you're P&L, it's real.
    10 Nov 2012, 12:31 PM Reply Like
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