Gothamist: Post-Election Stock Futures Down

NannyState

Wed, 05 Nov 2008 20:13:46 -0500

^ Then why did they rise 300+ points on Tuesday ahead of what every poll said would be an Obama victory? They bought into a change scenario and sold out from a Cisco 'dire warning' and profit-taking scenario. Don't read politics into Wall Street. These guys price this stuff in early and are focused right now on the '09 second quarter earnings projections.

NYCSniper

Wed, 05 Nov 2008 16:07:29 -0500

Love the reporting on this. Phrases like 'Wall Street holds off on celebrating" "coming back to reality" "looking at the hard times ahead". If this were a rally it'd be "Obama Election Spurs Rally!!!" So why can't we call a spade a spade? The market is SCARED SHITLESS of what an Obama presidency will mean for business (big and small).

soopaman

Wed, 05 Nov 2008 14:10:33 -0500

US futures are down....and the liberals rally

NannyState

Wed, 05 Nov 2008 13:08:08 -0500

And obviously Detroit's problems go far deeper than just the auto industry. But it is a pity that at a time when the big three are building the best, most reliable cars they ever have, people are not buying them. If only they had listened to the Democrats telling them to improve fuel economy...

Toby von Meistersinger

Wed, 05 Nov 2008 12:05:29 -0500

Volvo is owned by Ford, which is right now trading down at $2.15 a share.

Politburo

Wed, 05 Nov 2008 11:25:16 -0500

BMW has a plant in SC, and Mercedes has a plant in Alabama. Volvo has no US plants, to my knowledge.

Rocknrope

Wed, 05 Nov 2008 11:00:53 -0500

Maybe if people in the blue states didn't buy so many BMWs, Mercedes, and Volvos things would be a little better for Detroit. Nothing irritates like people that whine about the trade deficit while adding to it. Maybe if American automakers at least tried to achieve the same quality that imports have had for the last 20 years....

EastRiver

Wed, 05 Nov 2008 10:50:26 -0500

Unemployment in Detroit is already at 8.9% if that figure becomes a national one, get ready for round two of the financial crisis. Maybe if people in the blue states didn't buy so many BMWs, Mercedes, and Volvos things would be a little better for Detroit. Nothing irritates like people that whine about the trade deficit while adding to it.

Toby von Meistersinger

Wed, 05 Nov 2008 10:41:33 -0500

I am selling "Don't Blame Me I Voted for McCain" buttons and bumper stickers (thanks to McCain for choosing Optima a a font). Hopefully, I'll make a mint which I'll then use to buy gold.

NannyState

Wed, 05 Nov 2008 10:29:34 -0500

Wall Street has plenty of bad news to worry about and for them, anything they think Obama might do is the least of it. They had a bear rally but it can't hold. The key is employment. Unemployment in Detroit is already at 8.9% if that figure becomes a national one, get ready for round two of the financial crisis.

Rocknrope

Wed, 05 Nov 2008 10:28:14 -0500

'fally' 50 bucks says this douchebag trademarked that dumbass word some time in the last two weeks, like Riley did with 'three-peat.'

NYCSniper

Wed, 05 Nov 2008 09:33:55 -0500

"Investors are wondering about President-elect Obama's economic policies" Just wondering? I think O has made his plans for business pretty clear, and it ain't pretty.