2006-11-09 10:28:10 · 19 answers · asked by General P 2 in Politics & Government ➔ Politics
Another theory:
"The losing session [today], which was also influenced by rising oil prices and a drop in consumer confidence, was to be expected after the rally that lifted the Dow Jones industrials to a new closing high Wednesday. Investors had driven stocks broadly higher this week on optimism that Democrats taking control of Congress would cause political gridlock that would be favorable to businesses".
2006-11-09 10:38:34 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Seems like the country was in pretty good shape when the Democrats were last in control, not to mention General George Washington was a Democrat, though that was before parties were created so calling Democrats commies is ludicrous. Not to mention It was the Kennedy's that averted war with the Soviet Union when most of the rest of the government wanted it. Sounds a little hypocritical yes.
2006-11-09 18:38:15 · answer #2 · answered by ? 2 · 0⤊ 2⤋
They were pretty quick to take credit for the 20pt gain yesterday. So let's give them credit for today's moves....Market dropped even though the trade deficit numbers were far better than expected. The US dollar was down big pushing oil and gold to sky rocket.....hum Is Wall Street worried abput min wage increase causing inflation causing the fed to raise interest rates slowing the economy and causing all those with ARM's to lose their homes....anyone scared at ALL??? Damned if we do damned if we don't.
There is no real solid link to what the Street thinks....
2006-11-09 18:40:24 · answer #3 · answered by mymadsky 6 · 1⤊ 0⤋
The dow was down 73-- big deal. A market fart. What likely drove it down is a fallacy. Consumer sentiment dropped but is still relativelyhigh-- that has something to do with it to. And oil when up bit.
The market has been looking for an excuse to go lower given the ride up this week. Its been generally up.
Get a life.
2006-11-09 18:36:11 · answer #4 · answered by dapixelator 6 · 0⤊ 1⤋
With the Republicans out of Congress the business people realize the end of big business getting their way is coming to an end.
Congress is no longer the best government money can buy.
The Axis of evil is broken, and Rumsfeld is the first casualty.
2006-11-09 18:36:57 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Just like the election of a bunch of commie Republicans caused the 1929 crash.
Get a life.
2006-11-09 18:31:44 · answer #6 · answered by iwasnotanazipolka 7 · 2⤊ 3⤋
No.
The democrats were in power in the house and senate for 40 years. The republicans rode in on their proverbial white horse 12 years ago to fix corruption, cut government spending, cut taxes, eliminate special interest control over our government, and whining that the democrats had been in power too long. What we got was 12 years of corruption, 12 years of special interests buying and selling republican congressmen and women like there was a flea market going on, and when they got a republican president the order of the day was to cut taxes on the wealthy, spend the treasury into bankruptcy, (borrow money from chinese banks so we don't have any more leverage with the chinese or they call our debts into play), cut government spending (except of course for the military and government contracts in Iraq), wipe out any vestige of environmentalism, take away basic rights, spy on US citizens, setup secret prisons, torture prisoners of war, award contracts to friendlys without any bidding, encouraging the hatred of other religions, attack sovereign nations with moronic claims of wmd's or connections to al queda which don't exist.
After only 6 years of total republicanism we have a nuclear iran, and a nuclear north korea, republican representatives who are pedophiles, who are quitting under campaign fund scrutiny and who have so much special interest money that they never have to work again. I think things can't possibly be worse under the democrats
2006-11-09 18:33:45 · answer #7 · answered by Ice 6 · 0⤊ 3⤋
What I can't see is why people can't see that it really doesn't matter who gets elected until we start demanding that our elected officials go back to following the constitution neither party will do it.
2006-11-09 18:50:29 · answer #8 · answered by Ethan M 5 · 0⤊ 0⤋
Just wait until January when the count down of the first 100 hrs start.
2006-11-09 18:35:28 · answer #9 · answered by Huevos Rancheros 6 · 0⤊ 1⤋
Because many investors, such as my self, see a more economic liberal government, especially the legislation, which controlls taxes, as something that will hurt the economy and cause inflation, I do think it hurt the market. I sold a few, simply because of my own fear of an economic downturn
2006-11-09 18:32:41 · answer #10 · answered by Anonymous · 4⤊ 3⤋