Let’s be honest here.
We may or may not have found the market’s bottom . The market did have a slight net gain last week. And so far, the government has portrayed itself as a viable guarantor to skittish markets (i.e., pessimism and market forces haven’t punctured through the bailout floodwall).
The market is driven by future outlook. And that outlook comes with 10% lead over McCain.
Stocks tumbled at the open on Wednesday as mounting concern that the global economy is hurtling toward recession, diminishing investors’ appetite for risk and sending world markets lower.
Uncertainty about the profit outlook weighed on sentiment despite more signs that the costs for banks to borrow from each other continued to fall.
Yes, the (phantom?) credit crisis may be easing. And there are a few bright spots in earnings. But the markets seem unconvinced that a ‘spread the wealth’ Obama administration would be able to beat back a severe recession or even nurture economic growth.
No related posts.
when I play with the Google I get search results like “war economy vs peacetime economy”. I swear that came up!
Which Clinton? The “oops, I taxed too much” first term Clinton or the second term Clinton that was dragged to the table to cut welfare and capital capital gains and then enjoyed an absolute gangbuster economy?
What part of Obama’s tax plan peels back welfare dependency or reduces the capital gains tax rate? I can’t find it.
Since we’re being honest and unscientific here, some findings while playing with the Google Finance charts:
S&P 500 Index under Clinton = +207%
S&P 500 Index under Bush thus far = – 32%
Whose tax plan looks very similar to Clinton’s? Obama’s.
Politico thinking along the same lines