Two years after the Democrats do away with the dividend and capital gains tax cuts.
The ironic thing is that many who vote Democrat are too dumb to realize that their pension-plans are in the stock market.
And Democrats still hate the stock market.
2006-11-07 23:49:32
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answer #1
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answered by Anonymous
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"collapse", like it did under the Bush Administration and a Republican-controlled House?
Look, if the world was as simple as you think it is, then I'd be making a fortune on Wall Street.
The fact is, just because the Dow has risen to new heights in recent weeks is NOT the sum total of how strong the American economy is.
I don't mean to insult your intelligence, should you have any background in economics, but the fact is a change in power (be it the White House or Congress) towards a more balanced position, is usually healthy for America.
And the fact is the economy has not been doing well under Republican control.
The Dow is a simple indicator of some of the top stocks.
It is not indicative of the housing market, import/export deficits, job gains/loss and a host of other "real" economic measurements.
Now, I do not have a crystal ball and I will not predict that last nights victory means better times for America.
Nothing turns on a dime and to assume so is just plain ignorant.
There are so many issues needing attention in this country.
Maybe the new balance of power will force our president to live up to his long-forgotten credo: "I'm a uniter, not a divider".
It's time America got united again.
2006-11-07 23:56:06
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answer #2
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answered by docscholl 6
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The stock markets do well under both political parties. What they don't like is uncertainty. Once things have been resolved, everything will be fine.
Also, people need to get rid of the idea that a great stock market means average Americans are doing well, too. That may hold true of wealthy Americans who can afford to buy and sell stock, but most Americans don't.
For them, housing prices and sales, wages and salaries, health insurance costs and inflation are more key than how well the stock market is doing.
2006-11-07 23:49:34
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answer #3
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answered by Shelley 3
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The markets aren't nervous because the Dems are in control (love saying that); they are nervous because of the potential split between the House and the Senate. The market will settle when the final count is in, and both houses belong to one party.
2006-11-07 23:47:35
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answer #4
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answered by just browsin 6
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Those indexes fell by less than 1 percent each.
That is pretty typical volatility. Its not a collapse. Markets process information very quickly. I expect the US market will open slightly down this morning but it won't be nearly as dramatic as you think.
2006-11-07 23:52:50
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answer #5
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answered by Jeffrey C 3
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the finished give way will happen on Nov 5th if the yankee all of us is stupid sufficient to choose obama. common his pole numbers bypass up, the marketplace is going extra down. it relatively is not a accident. Your 401K is on it relatively is thank you to turning out to be a factor 4 oh one kay! If McCain wins then i might anticipate in 3 to 4 years your little nest egg would be back to it relatively is previous length. you will possibly maximum suitable throw those crooked Democrats out that engineered the housing marketplace meltdown too. Barney Frank, Chris Dodd. the worldwide markets all be counted on the U.S. to maintain the economic gadget buzzing over right here. They too understand that if obama gets interior the worldwide economic gadget will give way. usa First! no longer final. McCain/Palin '08
2016-10-15 12:44:04
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answer #6
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answered by ? 4
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It's in an uphill this morning!
The feelings of euphoria and uptimism to see the end of the war are percolating
2006-11-07 23:49:19
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answer #7
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answered by Anonymous
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Certainly not before the end of the year, perhaps not until the end of George's term
2006-11-07 23:47:23
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answer #8
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answered by Anonymous
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about 5 seconds. 5..4..3......
2006-11-07 23:48:23
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answer #9
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answered by ajromero50lp 1
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What time is it now?
2006-11-07 23:46:52
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answer #10
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answered by Isis 7
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