still_one
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Tue Nov-07-06 10:46 AM
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I have no doubt that wall street thinks the republicans will retain control |
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Let's show them that it isn't the corporations that run the government, BUT THE PEOPLE
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Randomthought
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Tue Nov-07-06 10:48 AM
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1. actually Wall Street is wringing their collective hands |
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I work for an investment firm and it's gloom and doom.
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sui generis
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Tue Nov-07-06 10:48 AM
Response to Reply #1 |
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private equity or advisory?
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still_one
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Tue Nov-07-06 10:50 AM
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7. Not exactly what they are pumping on MSNBC and Bloomberg to some degree |
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Good to hear that they are just as nervous as us though
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sui generis
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Tue Nov-07-06 10:48 AM
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2. let's show the news who reported that crap |
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that it isn't the republicans who run wall street.
I wish we could hang a journalist every time they said something absurd. It would surely bring some integrity back into journalism.
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melm00se
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Tue Nov-07-06 10:48 AM
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do BETTER under democratic administrations?
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still_one
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Tue Nov-07-06 10:52 AM
Response to Reply #3 |
8. historically yes, but the short term thinking is different |
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Edited on Tue Nov-07-06 10:52 AM by still_one
and especially now, the impression is that republicans are better for corporations
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ThomWV
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Tue Nov-07-06 10:49 AM
Response to Original message |
5. Wall Street Will Welcome Sound Government |
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Edited on Tue Nov-07-06 10:51 AM by ThomWV
Sound decisions made by rational men at the national level leads to prosperity and that prosperity means profits.
No one, and certainly not investors, does better when the nation is in chaos. The reason the market has risen lately is because the investing community recognizes that sanity is about to return to Washington.
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Swede
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Tue Nov-07-06 10:50 AM
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6. They did just fine under Clinton. |
still_one
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Tue Nov-07-06 10:53 AM
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9. I agree, but that is NOT what they currently believe |
Burma Jones
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Tue Nov-07-06 10:53 AM
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10. I Disagree....K Street Firms have been hiring Democrats recently |
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The lobbying machine is gearing up to influence a Democratic Majority........
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Nye Bevan
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Tue Nov-07-06 10:54 AM
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11. The market is up on anticipation of gridlock government.... |
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http://www.bloomberg.com/apps/news?pid=20601084&sid=aVjIpVodE3Y4&refer=stocks Nov. 7 (Bloomberg) -- U.S. stocks rose before congressional elections in which Democrats may take control of one or both houses, leading to gridlock that would forestall new regulations and curb government spending.
``The market has probably discounted in the Democrats taking control of the House, Republicans keeping control of the Senate, and in that case they are not likely to have any significant policy changes,'' said James Dunigan, who helps manage $50 billion as chief investment officer at PNC Advisors in Philadelphia. ``Gridlock in these cases is good."
(snip)
Gridlock helped the market in the last decade. The S&P 500 tripled from 1995 until 2000, when President George W. Bush won the presidency and Republicans retained control of the House and Senate.
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still_one
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Tue Nov-07-06 11:04 AM
Response to Reply #11 |
14. The quote you cite has dunigan talking out of both sides of his mouth |
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In one sentence he indicates that there will NOT be any significant policy changes, and in the next, "gridlock is good"
If the Democrats win at least the house, THERE WILL BE CHANGES, if nothing else, it will start investigations, which may very well lead to criminal charges
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NashVegas
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Tue Nov-07-06 10:56 AM
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12. The Dow Has Been Going Up Up Up With Dem-leaning Polls |
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They know how badly the GOP has screwed things up.
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DemocratSinceBirth
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Tue Nov-07-06 10:58 AM
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13. Investors Could Care Less As Long They Are Making Money |
still_one
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Tue Nov-07-06 11:05 AM
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15. Not short term. Read the financial publications |
DemocratSinceBirth
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Tue Nov-07-06 11:06 AM
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16. Because They Probably Don't Like Change... |
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If you research the data you will find the markets perform better under Democratic administrations.
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still_one
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Tue Nov-07-06 11:07 AM
Response to Reply #16 |
17. I agree with everything you are saying |
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