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  • U.S. Stocks Rise as Voters Head for Presidential Election

    From bloomberg.com

    U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a second straight day, as American voters go to the polls to pick a president. Boeing Co. (BA) and United Technologies Corp. (UTX) added at least 2.2 percent to pace gains among the biggest companies. Computer Sciences Corp. (CSC), the manager of networks for NASA, surged 15 percent as a cost-cutting program helped boost its profit forecast. Express Scripts (ESRX) Holding Co., the largest U.S. pharmacy benefits manager, plunged 13 percent after saying analysts’ profit estimates for 2013 were “overly aggressive.” The S&P 500 rose 1 percent ... (full story)

Uh, the election day had been known for years now. Does this mean tomorrow there will be a major selloff? Is the market driven by a bunch of first graders? What a joke.
nop.If obama wins(i think its pretty sure he is goin to win thats why gold goes up.) it will rise higher and higher..usdx will fall
Quoting Subdude
Uh, the election day had been known for years now. Does this mean tomorrow there will be a major selloff? Is the market driven by a bunch of first graders? What a joke.
Early to bed, early to rise, keeps you healthy, wealthy and wise.
does anybody really believe that obama was not going to be given two terms ?

oh i'm sorry, should have said "elected" for two terms.

i dont care if every man/woman in america votes for romney, obama will serve another term.
obama is heading... good for gold...
check out oil. lookslike a good short op. not trading it here
Google Bickers and Berry model. They are two professors at the University of Colorado that created a election prediction model and have been 100% accurate since 1980. They are predicting a Romney win and not as close as most would think.
Yeah, and 7-11 has their own indicator which has been pretty accurate in the last two elections. Why don't you google that.
Quoting Subdude
Yeah, and 7-11 has their own indicator which has been pretty accurate in the last two elections. Why don't you google that.
LOL. That was pretty clever, did you come up with that yourself???I posted that not because I agree with them or want that outcome, but it was pretty interesting to find their accuracy. They were pointed out to me by someone I know who is a curency analyst on Wall Street for one of the big banks. She is not always right herself but it tells me that whether these guys are legit or not people on Wall Street are watching them. Whether I agree with them or not there may be some validity to it.
Well, did you google it? It is real, as in I didn't make that up.

Ultimately though, no matter who wins, the effect on FX market will be smoothed out in medium term, regardless of what kneejerk reaction you will observe in the next couple of days. One thing to keep in mind though is that if Romney were to win, he will not do anything about the the Fed (unlike what he's promising). It just won't happen - just look at Obama's economic team when he took office. The were all old timer WS carryovers, not exactly matching the "hope and change", right? However, what would happen in a long term is that Romney's presidency would be a disaster for the U.S. deficit and credit ratings.
Yes I just did...and although its not quite as scientific, you are right it is an indicator! LOL
As far as FX is concerned I think if Obama wins there will be little movement until the end of the year when the fiscal cliff suff comes into the forefront. If Romney wins, I think we will see more movement because a Romney win is not and can not be priced in until it actually happens. I do however agree with you on the fact that Romney will back off on some of his big talk. The one thing to remember is that Obama was hadcuffed somewhat with republicans having the majority seats (240 vs. 190) in the House. If Romney wins and the House seating will remain somewhat the same he will be able to get more things passed possibly helping to boost the USD.
I hate to say this but I told you so.
Quoting Subdude
I hate to say this but I told you so.
Wise Guy. I made money over night but I am still not happy w the outcome.
Quoting Subdude
I hate to say this but I told you so.
I have no problem with you saying that. I only posted that for discussion and i thought it was interesting that Wall Street traders were looking at that. In hindsight it was probably more wishful thinking than anything else. Romney was clearly Wall Streets choice and they made that point evident this morning with the 2% drop. But like you said, that will correct itself somewhat...although i could see a steady bearish tone on the USD atleast through the end of the fiscal year.
So i guess the real question is...did 7-11 get it right?! LOL
Quoting dorianxavier
I have no problem with you saying that. I only posted that for discussion and i thought it was interesting that Wall Street traders were looking at that. In hindsight it was probably more wishful thinking than anything else. Romney was clearly Wall Streets choice and they made that point evident this morning with the 2% drop. But like you said, that will correct itself somewhat...although i could see a steady bearish tone on the USD atleast through the end of the fiscal year.
I am a trader. That's what I do. But the election was more than that. I am an anti-socialist to the core and hate to see my country being usurped by Obama the Socialist and the new rise of the welfare block of voters...as Romney correctly identified as the 47% freeloaders. The stock market is in for an enormous down move taking the Eur with it. But the Eur won't need much coaxing. Socialist Europe is just waiting to implode. It won't need much of a push.
Well, let's see - 303 vs 206? Sounds pretty darn close to their 60/40 split in blue vs red mugs.
The stock market was in for a correction no matter who would have won - that had already started prior to the election. And all this socialism vs capitalism crap has no relevance here anyway - the market has had no problem rallying for the last 2.5 years, regardless of what you think of the pres. Europe is another matter altogether though...
Quoting Subdude
The stock market was in for a correction no matter who would have won - that had already started prior to the election. And all this socialism vs capitalism crap has no relevance here anyway - the market has had no problem rallying for the last 2.5 years, regardless of what you think of the pres. Europe is another matter altogether though...
What the heck is the matter w you? The US market rallied for 2 1/2 years solely due to the Fed printing money when Congress refused to give Obama any more TARP money. The Fed has issued 3 trillion in new money...that money went directly to WS and the big banks.
That's simply untrue. I don't recall the dem-dominated Congress ever refusing any additional TARP disbursements. This is because the entire TARP program was always limited to 700B, and I might add, was signed into law NOT by Obama, but by GWB.

And - the Fed was going to begin QE in March of 2009 anyway, TARP or not, Obama/Bush/Romney/McCain/whatever.
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