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  Topic: Stock market has tumbled since
Obama reelection. Are investors angry?
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Stock market has tumbled since
Obama reelection. Are investors angry?

Christian Science Monitor, by Ron Scherer

Original Article

Posted By:NorthernDog, 11/9/2012 8:16:44 PM

New York - Investors thought the election might answer some political questions. If that’s the case, Wall Street traders did not seem to like the answers. Tuesday's election reaffirmed all the elements that led to gridlock during the past two years – reelecting President Obama and leaving the balance of power in Congress unchanged. In response, Standard & Poor’s 500 stock index has fallen 3.4 percent. Stock markets tried to rally Friday, but the effort had little energy with the Dow Jones Industrial Average closing up about 4 points for the day and down 3.2 percent since the election.

Comments:
Why risk your money investing when you will be punished with heavy tax increases for making a wise choice?

      


Post Reply  

Reply 1 - Posted by: lylacat, 11/9/2012 8:30:22 PM     (No. 9003927)

Investors are angry, but more than that they are scared of this administration. 0bama is printing 85 Billion Dollars each and every month, a Trillion Dollars a year. Money that is in the market is being decimated by their reckless spending and printing of dollars. The money the investor will get out of the market when they sell is worth so much less than the dollars they invested. There is a moronic arrogance and ignorance about this administration; the market is acting accordingly. Like Oliver Stone has just informed all of us, 0bama is a pretty scary dude. Actually, many of us are terrified, Ollie.

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Reply 2 - Posted by: johnwayne, 11/9/2012 8:41:13 PM     (No. 9003947)

Hey, not to worry, Harry Reid said that he wants to raise the debt ceiling 2.4 trillion. Then we can borrow more money from China and that money can then be put into the stock market.
/s

Quantitative Easing, ad infinitum.

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Reply 3 - Posted by: Not your typical New Yorker, 11/9/2012 8:42:04 PM     (No. 9003952)

Not angry....scared.

Follow the money, the stock market operates in the future not the present.

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Reply 4 - Posted by: kanphil, 11/9/2012 8:43:17 PM     (No. 9003954)

We were angry before the election. We are boiling over mad, now.

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Reply 5 - Posted by: Calvinesq, 11/9/2012 8:49:26 PM     (No. 9003966)

Not angry, maybe scared, but usually rational.

Capital is flowing from us to Asia. It comes back when the market thinks its profitable. When not, it goes to where the growth is.

Let's face it real growth in the economy here is not rationally expected now that the "people" have spoken.

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Reply 6 - Posted by: jond, 11/9/2012 9:00:26 PM     (No. 9003991)

The "anger" thing is completely misplaced. #5 nails it.

The value of US money and US assets is reasonably projected to decrease given the current political reality.

When he was nominated, Obama made about $1T in equity evaporate. Could that be happening again?

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Reply 7 - Posted by: stablemoney, 11/9/2012 9:53:03 PM     (No. 9004085)

Investors held out hope that Obama would be gone. Now they know we have a disaster.

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Reply 8 - Posted by: nevernaught, 11/9/2012 9:54:29 PM     (No. 9004087)

Just being realistic.

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Reply 9 - Posted by: woofwoofwoof, 11/9/2012 10:09:08 PM     (No. 9004109)

Scared.

Of Obama, of Bernanke, Europe, China, ... the thing is, US business does not feel in charge of their own fate, and so are paralyzed.

Also objectively, if the economy looks weak and no change in sight, and the fiscal cliff a looming disaster, then I sure *hope* a rational investor is scared!

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Reply 10 - Posted by: reddfroge, 11/9/2012 10:22:59 PM     (No. 9004127)

thanks, Obama voters, you have sealed the end of a free America...just wait until 2014 when Obamacare fully kicks in....then ask your parents and grandparents how they are doing.

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Reply 11 - Posted by: philemon1967, 11/9/2012 10:26:54 PM     (No. 9004134)

I'm a foreign investor and I pulled all my funds from the US market because while a president can't really make economy prosper, he can stifle it by hamstringing it with excessive regulations & kill free enterprise with corrupt nepotism. Barack Mugabe has to go before a cent of my money goes back to the US.

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Reply 12 - Posted by: philemon1967, 11/9/2012 10:31:53 PM     (No. 9004140)

I´m a foreign investor and I pulled all my funds from the US market because while a president can´t really make economy prosper, he can stifle it by hamstringing it with excessive regulations & kill free enterprise with corrupt nepotism. Barack Mugabe has to go before a cent of my money goes back to the US.

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Reply 13 - Posted by: Pros7767, 11/9/2012 10:44:21 PM     (No. 9004162)

I sympathize with those who have been laid off since the election. It will only get worse.

No offense to the investors but my husband works three jobs and I worked for 27 years. We live in the Northeast, get taxed as millionaires ( over 250,000 barely). In the meantime, those my husband works with are collecting all kinds of government benefits. We´ve had enough.

Maybe someday soon, those collecting the benefits will realize there is not enough money to go around.

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Reply 14 - Posted by: greg1a, 11/9/2012 11:20:24 PM     (No. 9004223)

Just the beginning. The Great Depression II is right around the corner and when the "gimmies" aren´t getting anymore "free stuff", the riots will start. OMG, the Obamaphones won´t work no mo´.

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Reply 15 - Posted by: Blackeagle, 11/9/2012 11:30:04 PM     (No. 9004244)

Investors are still in shock from Black Tuesday. Maybe next week they´ll get angry. And then depressed.

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Reply 16 - Posted by: Charactercounts, 11/10/2012 4:08:40 AM     (No. 9004424)

They are scared, and are redirecting their funds.

I believe that some of the recent improvements in the market and the economy were because people thought Romney was going to win the election, and Obama´s dreadful policies would be ended. Now that it´s obvious Obama stays, and is not even hindered by the need to be win votes, I believe things will get worse, fast.

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Reply 17 - Posted by: country boy, 11/10/2012 4:14:36 AM     (No. 9004429)

I´m with #16.

25% correction minimum. And possibly will go all the way down and retest 2009 lows.

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Reply 18 - Posted by: Pinchem, 11/10/2012 4:28:14 AM     (No. 9004435)

Even worse. Has everyone seen the four articles describing the businesses that are closing or laying off a lot of workers in order to avoid Obamacare and those looming tax increases?

Watch the unemployment rate skyrocket.

Many thanks to the low IQ´d "gimmie gimmie gimmie" Liberal Democrats.


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Reply 19 - Posted by: Brittany, 11/10/2012 9:36:51 AM     (No. 9004864)

Wall Street has been playing games with the funds that Bernacke has been plowing into the market and devaluing our money. I guess that they thought it would never end. The fake rise in the market has concealed how bad our economy has become. Now the results are showing up in the big business layoffs and the playboys in the market are facing reality (after their actions brought 4 more years of destruction with nowhere to go but deeper into the recession that a rational market would have shown never ended).

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