Business Insider
A “Romney rally” this morning on Wall Street?
A couple other quick points:
It’s pretty well accepted dogma on Wall Street that Romney would be better for stocks.
Also, stocks got a bit of a lift last night right after the Romney victory.
The Romney win was the #1 talking point on morning analyst notes today.
Bottom line: Quite plausible.
Blowback
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OT: CNN: “Does Big Bird need to be on welfare?”
ouch
faraway on October 4, 2012 at 11:01 AM
NO, NO.
America wants more debt, more taxes, more regulation, more government waste, more ‘investment in green energy,’ more ‘infrastructure investment,’ more ‘investment in education,’ etc. And wants to have their paychecks shrink even more (to the extent that they still get one) in order to support the Obamacrats’ grand designs.
Good Lt on October 4, 2012 at 11:02 AM
Watch the stocks on Nov. 7. You ain’t seen nothing yet.
Spannerhead on October 4, 2012 at 11:11 AM
Keep it up Romney. My retirement savings are on life support.
fogw on October 4, 2012 at 11:12 AM
Must explain it, the employment numbers and factory orders did not make it happen.
astonerii on October 4, 2012 at 11:14 AM
Not a Romney Rally…..Yet.
reddevil on October 4, 2012 at 11:15 AM
Sounds good, but don’t rally too much before November 6. I do have the feeling that if Romney wins, the economy will see at least a modest rebound(beyond the normal holiday season hiring bump) before he’s even inaugurated. Assuming of course Obama and Congress deal with Taxmageddon.
Doughboy on October 4, 2012 at 11:16 AM
And the price of oil.
Wade on October 4, 2012 at 11:19 AM
HAHAHAHAHAHAHA!
Oh, my. That was a good one.
Good Lt on October 4, 2012 at 11:21 AM
The free market is speculating that it will do better with a pro-free market President?
THIS IS SHOCKING NEWS!
VinceOfDoom on October 4, 2012 at 11:21 AM
Does anybody remember what happened in the markets the day after Obama won the election in 2008? If I recall, the Dow fell something like 4-500 points.
Right Mover on October 4, 2012 at 11:25 AM
Don’t recall the exact number, but I sure do remember it fell like a lead balloon. My father commented that the business world apparently knew something that John Q. Voter didn’t.
MelonCollie on October 4, 2012 at 11:30 AM
As Mayor Menino would say, “We’re having a Womney Wally.”
Wigglesworth on October 4, 2012 at 11:39 AM
I don’t think the stock market will perform as well under Romney because the excessive monetary stimulus has to be reversed at some point. The dollar will be stabilized with better fiscal policies too! Right now the market is on a sugar high.
Wigglesworth on October 4, 2012 at 11:42 AM
Interesting. I read a post at Breitbart a few days ago that says financial market behaviors are an economic indicator of what will happen six-months down the road and the markets seem to be preparing for a better business environment in a Romney presidency.
stukinIL4now on October 4, 2012 at 12:49 PM