Before Dems even take charge, the stock market soared to a new all time High. Why is America so optimistic?
2006-11-08 08:30:56 · 20 answers · asked by elisioloyd 2 in Politics & Government ➔ Politics
The majority won the election.
The majority are Democrats.
Democrats are happy.
Happy people spend money!
Spending money makes the market go up.
2006-11-08 08:35:01 · answer #1 · answered by Anonymous · 1⤊ 4⤋
I wouldn't use the term "soar" to describe the less than 20 point increase on today's DOW. The term flat market is much more appropriate. Historically, a divided congress (house/senate) allows for great gains in the market. Right now the market is still being fueled by the genius tactics of the Bush administration that allowed for recent all time highs.Two years from now the effect of the dem changes will be seen. (If there are any changes).
2006-11-08 09:03:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The Dow is up 19.77 points and and the Nasdaq is up 9.07.
You call that "SOARS" ?? LOL!
The Dow actually had LOST points until around 2pm when it gained suddenly.
According to the AP:
"The Dow Jones industrials reaching another record close as investors grew more confident that a huge victory by Democrats in congressional elections would result in gridlock and keep lawmakers out of the way of business interests."
WAll Street isn't happy about Dems. It's happy that there will be less interference in business!
2006-11-08 08:38:25 · answer #3 · answered by C = JD 5 · 0⤊ 0⤋
Eh, you can't be sure that is the reason why.
This morning my finance news headlines read: "Stocks fall on election results". This afternoon the same site posted "Stocks rise on election results". No kidding.
I do think people want to be optimistic in the face of change. The big question is: Is the evil that you don't know any better than the evil you know?
2006-11-08 08:38:01 · answer #4 · answered by Trust no 1 3 · 1⤊ 0⤋
It wasn't precisely a loan. The Fed revealed the charges because of the fact the Europeans can't monetize for some imprecise reason. in reality, what the fed has completed is deflate the greenback with a view to kick the Europeans can down the line. what's ironic with this conundrum is the symbolism.What I recommend is the $ image. the two Parallel lines dealing with the S characterize our usa, "u . s .", which replaced into based by and massive via Europeans who prefer to flee Europe's insanity. Now, our symbolism is utilized by way human beings to assist people who it replaced into working from. The Fed bought us out before. So, even this comes as no ask your self. Fvkin' jerks. What a tragic and unsightly perversion.
2016-10-21 12:07:54 · answer #5 · answered by ? 4 · 0⤊ 0⤋
It soared? Dow up 20, S&P up 9, and NASDAQ up 3.
Looks pretty flat to me.
But I think business generally looks favorable on gridlock, because more legislation ends up hurting business, rather than helping.
To goodfell_az: Democrats are happy people? Sure wouldn't know it from reading Yahoo answers. Most of them are filled with anger. Even in victory, most are petty and spiteful.
2006-11-08 08:35:37 · answer #6 · answered by Uncle Pennybags 7 · 4⤊ 0⤋
The current markets in defense have slowed and profits leveled off .
So now the market need to head in a new direction .
We will invest in business that promote hgh risk loans at 12% intrest and profit of the increased wages and sink some money in the rental realestate market that dropped 15% in value in a year and raise rents now that the minimum wage is going to rise .
Democrat republican does not matter .
we have figured out how to stick it to the poor no matter what anyone does .
2006-11-08 08:41:08 · answer #7 · answered by playtoofast 6 · 0⤊ 2⤋
It's not. What Wall Street realizes is that the next 2 years are going to mean is a whole lot of nothing, which means no new major legislation will pass that will screw up the economy.
2006-11-08 08:33:39 · answer #8 · answered by TheOnlyBeldin 7 · 5⤊ 0⤋
The official reason given by most people on Wall Street is they forsee legislative gridlock in Washington, resulting in no "anti-business" laws being passed.
2006-11-08 08:32:55 · answer #9 · answered by SatanicYoda 3 · 4⤊ 1⤋
Is today the first time you noticed it? It has been going up for several months. There have many many "all time high" records set.
2006-11-08 08:35:15 · answer #10 · answered by Anonymous · 2⤊ 1⤋
Because they are stocking up for the nuclear winter that is going to follow
2006-11-08 08:33:14 · answer #11 · answered by Anonymous · 5⤊ 1⤋