I dont think Wall Streets care who runs the white-house really its just the defense, agriculutre, healthcare that really fear democrats really. The other industries feel now the democrats will them alone makes it easier to grow the company. I figure its a two-edge sword here some industries like democrats and others not too much.
2006-11-12 17:13:00 · 6 answers · asked by ram456456 5 in Politics & Government ➔ Politics
I read a story that there as many Republican as Democratic stockbrokers.
Wall Street's biggest care is about money. If they see a better opportunity, they will take it.
2006-11-13 00:50:07 · answer #1 · answered by Villain 6 · 0⤊ 0⤋
There was an initial downturn the morning after the election in the stockmarket. But is now suggested that the democrats will not immediately raise taxes and make drastic cuts to defense for the next two years as it may make them unpopular before they can get a democrat president. The current tax cut runs until 2010, and it is believed that it will not be renewed, so in effect, raising taxes on everybody. There are already articles on the internet about shifting assets and preparing for higher taxes. So it is a concern, but not an immediate one.
2006-11-13 01:30:44 · answer #2 · answered by Barry 3 · 0⤊ 0⤋
All the proof you needed was found on Wednesday. After the Democrats crushed the Republicans, the Dow Jones hit a record high. Clearly having the Dems back in power wasn't causing a panic on Wall Street.
2006-11-13 01:30:52 · answer #3 · answered by truth be told 3 · 1⤊ 0⤋
It doesn't appear they care one way or the others
2006-11-13 01:28:02 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Wow....enlightening. Ever held a thought for more than a second or two? Try again.
2006-11-13 01:23:30 · answer #5 · answered by Anonymous · 0⤊ 1⤋
http://www.eriposte.com/economy/other/demovsrep.htm
2006-11-13 01:27:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋