I wonder what the stock market will do tomorrow

[themadscientist]

I plan on pulling all my money out of high yield stuff and sticking it all in bonds after a week or so. His policies are going to drive the markets into the tank and make sure this recession gets worse.

[audtatious]

Stock markets will probably go up with the promise of free money from dumb people getting more handouts

[USsil80]

i agree... it is going to gett better for a bit.. but once he gets his policys in place that he wants TANK TANK TANK...

[ishkabibble]

The market is forward-looking, not present-looking. The time to pull your money out of equities was a year ago.

I bet the market rallies tomorrow, as it hates uncertainty. I'm still looking for this bear market rally to end with another huge crash at some point, then I'll get back in.

[audtatious]

I would not be surprised if the market "all of a sudden" got unblocked.

[szh]

I would not be surprised if the market "all of a sudden" got unblocked.

No kidding ...

I said this last week, by the way:

The problem was caused by the Democrats in Congress in the first place.

Let's talk conspiracy theory: I think this whole economic farce was caused by a left-wing media conspiracy to try to get Obama elected due to fear-mongering.

If Obama does get elected, I predict: next week, CNN and/or one of the other media outlets will have some convenient snippet of news after the election. Showing that the economy has turned for the better, and some bank or the other will break the logjam and get the credit flowing again.

And, if in office, Obama will try to take the convenient credit and the Dems in Congress and the Senate will try to pass even more restrictive laws to do more theft!

Z

[Cold_Zero]

Maybe it will go up, so my stocks can perform well and then I can be categorized as 'rich' by the next administration.

[themadscientist]

Put all you money in tire guages. Hot hot!

[smockers83]

The market has already priced an Obama victory into the market as he's been ahead in the polls for so long with a decisive margin. People who are in the game pulled out awhile ago due to the capital gains tax proposal. People who are only now asking about it are asking at the wrong time. The market will most likely only go up with some level of certainty put into the market. If you're worried about capital gains taxes, your best bet is to ride the market until 2010 as it recovers or hold out for long term.

[gwoods]

I set up my sell order in Scottrade tonight, as soon as Visa hits $90 it will be gone and then I will bury my money in my backyard LOL

I think you are 100% right, we have 2 weeks of crazy gains and then a even bigger loss then before. Obama has ZERO influence on the stock market.

We have to fix the housing market before the stock market will see any long term gains.

My idea is government 60-80 year mortgages, you may never own your house but at least you won't loose it? I have a 15 year and I pay as much extra as I can every month

[audtatious]

I just refi'd at 15 years (only because we could get lower rates on a 15yr than a 10yr so we are dumping an additional 1/3rd on each payment instead) and I only have the car payment (which is usually paid via my expense report anyway). So, we are looking into ETF investments because the market will go up at some point. Investments into energy research and such should go quite well with the push for clean energy and the like. I just have to figure out the best way not to have all my profits taxed.

[smockers83]

My idea is government 60-80 year mortgages, you may never own your house but at least you won't loose it?

Oh really, 60-80 years? Do you know how much interest you'll be paying? On a 30 year mortgage, with the interest you pay on it your house basically has to quadruple in value in order to be worth what you actually paid for it.

People can have 60-80 year mortgages, they just go and refinance all the time into another 30.

[ishkabibble]

Again, which does not factor in inflation and the opportunity cost of investing that money elsewhere.

Or, if it is an investment property, the liability of being sued for the equity in the property.

Now to find out which businesses Obama has ties to, as they will go up in the next 4 years (a la Halliburton).

[smockers83]

Well, I guess we were pretty wrong. The market is focusing on a lot of other, more relevant economic data.

[OriginalWheelman]

Crash

http://news.bbc.co.uk/2/hi/business/7712052.stm

[ishkabibble]

Sweet. I hope it keeps going down. Cheap stocks FTW.

[LongBeachCoupe]

Investing is about the long term... Short-term stock investing is just going to the horse track in a suit...

Aud knows whats up... ETFs.. diversification...

Close your eyes and ride the wave... things go in cycles remember!

The crash is caused by peoples emotions controlling their investments.. not because "value" was lost.

[ishkabibble]

Investing is about the long term... Short-term stock investing is just going to the horse track in a suit...

Aud knows whats up... ETFs.. diversification...

I guess it depends on your definition of long term. The Nikkei is now at the same point as it was in the 1980s. Buying and blindly holding indexes doesn't always work.

The crash is caused by peoples emotions controlling their investments.. not because "value" was lost.

There is an emotional component to the market, but value certainly is being lost. Just ask Iceland.