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on Obama re-election
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Stock futures point lower
on Obama re-election

USA Today, by Matt Krantz

Original Article

Posted By:Vastrightwingconspirator, 11/7/2012 12:33:59 AM

NEW YORK — News of President Obama's re-election sent U.S. stock futures lower and weighed on foreign markets, as investors looked past the voting and began to worry about serious financial issues facing the U.S. Congress and countries across the globe. About 11:30 p.m. ET Tuesday, Dow Jones industrial futures were down 51 points, according to Bloomberg; S&P 500 stock index futures were down 7 points and Nasdaq futures were off 8 points. They had been down further earlier in the evening as Obama's re-election looked likely.


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Reply 1 - Posted by: john56, 11/7/2012 12:38:33 AM     (No. 8994795)

Heck, I'm ready to call my broker, tell him to sell it all and send it over in gold bars.

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Reply 2 - Posted by: Mr. Hanky, 11/7/2012 12:44:45 AM     (No. 8994814)

Well, duh!

Let's see...

No budget in 3 years.
Zero fiscal restraint.
Credit downgrades.
and on and on...

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Reply 3 - Posted by: texaspast, 11/7/2012 12:44:59 AM     (No. 8994816)

OOOOhh, you ain't seen NOTHIN' yet! The sell-off will be of Biblical proportions!

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Reply 4 - Posted by: Safari Man, 11/7/2012 12:45:37 AM     (No. 8994818)

I was gonna buy a new car.
I was gonna buy a new house.
I was gonna start taking many risks with my investments.

None of that is going to happen.

I don't know what I am going to do, but I am expecting the worst becuase that is what is headed our way.

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Reply 5 - Posted by: dragonlearner, 11/7/2012 12:47:44 AM     (No. 8994821)

Boy, did Ayn Rand predict this or what?

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Reply 6 - Posted by: AnnG, 11/7/2012 12:50:24 AM     (No. 8994825)

I'm making some changes to my stock, sell, sell, sell..

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Reply 7 - Posted by: geoguy, 11/7/2012 12:51:55 AM     (No. 8994830)

Sorry, I posted this on another article, but should we cash out our retirement funds and "hide' the money? Pay taxes this year figuring confiscatory taxation to steal the wealth of the producers is coming.

And Zippy and the rest of the Marxists KNOW that people like me (us) didn't work hard and sacrificed our whole adult life, we were just lucky or stole it from others.

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Reply 8 - Posted by: awen, 11/7/2012 1:02:04 AM     (No. 8994849)

If I didn't have my faith, I would be very close to despair. I work very hard for a privately owned company, and I have managed to get a little ahead. However, being in the service industry, many of our deals currently in the hopper will go south as businesses shrink and the economy grows even worse.

I am one who always looks for the silver lining, but I cannot see one in this situation.

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Reply 9 - Posted by: Muggins, 11/7/2012 1:18:27 AM     (No. 8994872)

How much deeper in debt will Obama drag down the U.S. economy with, by the end of his 2nd term? It will be at a higher rate than a mere $2 trillion per year deficit that he averaged in his first term. You have to remember that the Democrats stay in office by paying benefits to their constituents. That's how they stay in office. They aren't about to lower spending. If you talk to any Democrat, they'll say with a straight face that Govt. should spend 50% of the GDP, or more. So, spending will rise. But you also have to factor in the response to the recession next year. The Democrats will tout increased spending for hiring more bureaucrats on the state and local levels, funded by the fed...and call that job creation. So, we're doomed for yearly deficits on average of between 2 and 3 Trillion USD per year, which will put the U.S. in debt to the tune of $25 trillion by 2016.

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Reply 10 - Posted by: steveW, 11/7/2012 1:19:42 AM     (No. 8994875)

Going Galt - the only choice left for sentient Americans.

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Reply 11 - Posted by: planetgeo, 11/7/2012 1:28:13 AM     (No. 8994889)

Unbelievable. I look at these fools boogying as they wait for Obama's speech and I'm incredulous that they have no idea what they have wrought on this country, and soon on themselves.

I see massive business failures. I see unemployment skyrocketing. I see bank failures. I see breadlines. I see riots. And eventually, I see bloodshed.

All of this celebration is an idiots' ball prior to the apocalypse.

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Reply 12 - Posted by: ConservativeYankee, 11/7/2012 1:38:26 AM     (No. 8994914)

I wished four years away for this election, and I don't believe I can survive the next four years of this. There is no silver lining or ray of hope here; we and our children and grandchildren are screwed, and this nation will be destroyed.

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Reply 13 - Posted by: garyhope, 11/7/2012 1:41:51 AM     (No. 8994926)

Ya think?

The Dis-United States of America just became a third world country.

Or worse.

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Reply 14 - Posted by: j9zig2009, 11/7/2012 2:15:34 AM     (No. 8994983)

Bye bye Miss American Pie, drove my Chevy to the levy but the levy was dry... Just wait til those fools who voted for him and plan to retire with a fat union pension or even a marginal 401K realize that DUH it's invested in the stock market.

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Reply 15 - Posted by: neenbean, 11/7/2012 2:18:59 AM     (No. 8994990)

...even Allen West lost tonight...

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Reply 16 - Posted by: Charactercounts, 11/7/2012 2:21:59 AM     (No. 8994993)

#14, the stock market? Isn't that where those rich One percenters make their evil fortunes? All those teachers and cops and bus drivers and street cleaners, you mean they have to worry about the stock market?

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Reply 17 - Posted by: Shucky, 11/7/2012 2:36:50 AM     (No. 8995006)

all bets are off now, and frankly, obama is the symptom. the suffering has to be far more widespread, as it was in the soviet union, before they realize how much their decisions are causing their own harm. things will have to get worse, and with this election, it is guaranteed, unless congress does everything legally possible to stop him.

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Reply 18 - Posted by: Muggins, 11/7/2012 2:50:37 AM     (No. 8995025)

The Dems will raise taxes, but big businesses will go overseas, and small business will transition their employees from full time to part timers, to avoid the Obama care penalty. The Dems can raise the taxes as much as they want to, they won't increase revenues with American workers earning less, inflation going wild, and corporations saying toodle-oo. The only bright side to this disaster is that Israel now knows it's on it's own against the Iranians, and will have to strike, soon.

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Reply 19 - Posted by: philemon1967, 11/7/2012 3:22:36 AM     (No. 8995066)

What if Obama success today is part of the reason why America will have no say in the coming Armageddon? He'll have the equivalent unenviable role of today's Judas Iscariot selling Israel out. He'll not get to enjoy his 30 pieces of silver for very long.

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Reply 20 - Posted by: hammondb3, 11/7/2012 3:26:31 AM     (No. 8995068)

Stocks will go up as the dollar is crushed through endless quantitative easing.

What the Obamabots do not realize is that this is effectively a tax on the poor that pays the rich.

The price of all commodities will rise. Gasoline and food all go higher. Those on fixed incomes who own property will get hit with an additional hit on taxes.

The looters are now in control, but the ones in the middle are the ones who will get the shaft.

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Reply 21 - Posted by: navybrat, 11/7/2012 3:40:02 AM     (No. 8995080)

I plan to buy as little as possible. I will only spend for necessities. I will especially avoid spending money in blue states. No trips to Fla. Gas can go up to $6 per gallon, I will be home.

I have not had cable or been to a movie in years. I do not support Hollywood at all. With prices of food and other goods increasing I may not be the only one. Will the know-it-all celebs enjoy four more Obama years.

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Reply 22 - Posted by: Mr. Know-It-All, 11/7/2012 8:34:06 AM     (No. 8995527)

I am scheduled to meet with my financial adviser next week. I will be asking advice as to what investments I should move everything into. You know, things like gold.

The market will not like this. All those evil 1 percenters will now be looking to move their assets to foreign accounts and other safe havens and unproductive tax shelters. Investment capital will dry up big time.

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Reply 23 - Posted by: curious1, 11/7/2012 8:51:37 AM     (No. 8995612)

Now you know why Zippy's campaign didn't share the money with down ticket races - billions spent over the last four years to generate the fake registrations and votes - and why the polls were skewed at D+9 and D+11, when nowhere near that many of their faithful followers showed up - and why they kicked pubbie poll watchers out whenever possible - stuff the fake votes in the box and you don't need your followers to be enthusiastic or show up to vote; you vote for them.

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Reply 24 - Posted by: civilservant, 11/7/2012 9:00:51 AM     (No. 8995660)

I hope the market crashes.
I hope the market gets so bad, people are living on the streets.
I hope the Nor'easter that hits the Northeast today is DEVASTATING.

I am hanging the black flag.

USA 1776-2012 R. I. P.

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Reply 25 - Posted by: dman, 11/7/2012 10:02:49 AM     (No. 8995904)

I second that emotion, #24 (that was a great song, wasn't it?). However, we must be like those in Valley Forge who soldiered on, as hopeless as things seemed. It's for our country. It's for freedom. It's for our children and grandchildren.

We must start a new political party, free of the corruption that infects both the Democratic and Republican parties. A party the genuinely represents the working middle-class. We must build it an make it grow in an admittedly hostile environment. We must. We have no choice. We have no other purpose. We're Americans.

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