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?
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.
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.
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.
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.
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.
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).
SOUTH ORANGE, N.J. -- The victim of a vicious knockout attack in New Jersey is speaking out for the first time. He was cold-cocked, and hit not just with a fist, but with a glove with hard plastic knuckles. Two of the four attackers are still on the run. "All of a sudden, I was trying to watch my back and these two came around front and punches my face," the victim said. The 36-year-old restaurant worker does not want his name or face on television, and who could blame him? He still has headaches from a concussion and six
Sears stock plummeted Wednesday as news came out that Edward Lampert, its stubborn billionaire chairman and CEO, had to surrender majority control of the 120-year-old big box retailer when investors in Lampert’s hedge fund pulled money out. With no end in sight for Lampert’s quixotic turnaround efforts, it’s time to question whether there’s any way to save Sears as long as he remains in charge. (Snip) Lampert began at Sears with the ill-fated $12 billion merger with Kmart in 2005. Sales have declined for 27 straight quarters and the company’s stock is down over 70% from its high in 2007.
The Internal Revenue Service (IRS) has no system in place to prevent fraud when individuals apply for tax credits under Obamacare, according to the Treasury Inspector General for Tax Administration (TIGTA). The IG said in an audit released Tuesday that the IRS has no plan to manage, monitor, or mitigate fraud risk when processing premium tax credits available under the Affordable Care Act (ACA). “The ACA Program has not yet completed a fraud mitigation strategy,” the audit found. “It is important for the IRS to thoroughly consider fraud threats and risks that could impact new ACA systems.” Politico reports: The
Around 100,000 Americans successfully signed up for health insurance in November through the troubled federal online marketplace, HealthCare.gov, a person familiar with the preliminary data confirmed to ABC News. The figure reflects a surge in enrollment as software and hardware fixes to the site were made over the course of the month. In October, only 26,000 people could successfully enroll in Obamacare plans, according to the Department of Health and Human Services. "We´ve been working 24/7 to make improvements, and more consumers are successfully shopping online and enrolling in a health plan each week," Health and Human Services Secretary
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For many Ann Arborites, Thanksgiving is a day devoted to giving thanks, spending time with family, eating turkey and watching the Detroit Lions. This year, retail giants want that to change. (Snip) The early openings change the game for retail giants looking to boost profits through aggressive holiday sales. It also means millions of retail employees in the U.S. are working on the holiday, and it poses the question to consumers: Is a bargain on a 70-inch television or an Apple iPad worth ditching Thanksgiving dinner? “You couldn’t pay me to stand in a line in the cold on Thanksgiving
Macy´s Inc and a slew of other U.S. retailers are opening on Thanksgiving for the first time ever in a bare-knuckled brawl for a bigger slice of overall holiday sales. But it might not be so easy to lure most Americans from their turkey and football - particularly if the weather is foul. Department store rivals Kohl´s Corp and J.C. Penney Co Inc led a string of Thanksgiving opening announcements after Macy´s said it would open its U.S. stores on the popular holiday, ending a 155-year tradition. Sales trends, survey results and an online "Save Thanksgiving" backlash suggest that shoppers
A veteran Washington adviser who has worked for four Presidents on both sides of the political aisle said that the stunning Government Accountability Report report that found President Barack Obama has not had a one-on-one meeting with Health and Human Services Secretary Kathleen Sebelius since the passage of Obamacare over three years ago is an indictment of the entire White House operation and shows that the Obama administration has bordered on "malfeasance." "I have no doubt the White House is right, that Secretary Sebelius was in several group meetings with the president about health care," Gergen caveated, "but the whole
President Barack Obama’s Facebook page on Saturday posted a message honoring the dead from Pearl Harbor—accompanied by a picture of Obama descending the stairs next to the Pearl Harbor Memorial. The picture barely fits the name of the Arizona Memorial so it can frame Obama in the foreground. The post´s statement reads: Today, with solemn pride and reverence, let us remember those who fought and died at Pearl Harbor, acknowledge everyone who carried their legacy forward, and reaffirm our commitment to upholding the ideals for which they served. President Obama The Obama Administration´s current shipbuilding plan shrinks the size of
Just how much do many Hollywood liberals hate conservatives? In an interview with Playboy, Ben Affleck said, "When I watch a guy [on film] I know is a big Republican, part of me thinks, I probably wouldn’t like this person if I met him": PLAYBOY: You developed a political profile campaigning for presidential candidates Al Gore, John Kerry and Barack Obama. How did that come about? AFFLECK: I grew up in a house with a mother who was a teacher and a Freedom Rider—very left-wing Democrats living in a heterogeneous working-class neighborhood. I picked up a lot of those values there, and I
MSNBC host Melissa Harris-Perry opened her program over the weekend with a commentary about the Affordable Care Act’s colloquial moniker: “Obamacare.” She said that the word was originally created as a “derogatory term,” designed by white men as a way to delegitimize President Barack Obama and his achievement. However, she said that the term will soon be synonymous with all of Obama’s accomplishments and she urged her audience to use the term with pride. “I want to talk today about a controversial word. It’s a word that has been with us for years, and like it or not, it’s indelibly
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
Prime Minister Benjamin Netanyahu made a last minute decision not to participate in a memorial service for the late South African President Nelson Mandela, despite having notified the South African government that he would attend the event. The decision was made in light of the high transportation costs resulting from the short notice of the trip and the security required for the prime minister in Johannesburg. The Prime Minister’s Office found that the trip would have cost roughly 7 million shekels ($2.4 million) – 2.8 million shekels for chartering a private El Al plane and a further 3.2 million shekels for
President Obama, former president George W. Bush and their wives departed Washington Monday morning on Air Force One on their way to a memorial service in South Africa for Nelson Mandela. The president and first lady Michelle Obama are being accompanied by Mr. Bush, former first lady Laura Bush and former Secretary of State Hillary Rodham Clinton on the flight to Johannesburg. A four-hour memorial service will be held on Tuesday for South Africa’s first black president. Mr. Mandela, the anti-apartheid revolutionary, died on Thursday at age 95. Former President Bill Clinton and daughter Chelsea are traveling separately to South Africa. Former President