2016 Postmortem

unhappycamper

(60,364 posts) Tue Nov 6, 2012, 09:29 AM Nov 2012

Wall Street overwhelmingly backs Romney

http://money.cnn.com/2012/11/06/investing/stocks-election-obama-romney/index.html?iid=Lead

Investing experts surveyed by CNNMoney think stocks will do better for the next few years if Mitt Romney defeats Barack Obama in the presidential election.

Wall Street overwhelmingly backs Romney
By Hibah Yousuf @CNNMoneyInvest November 6, 2012: 12:35 AM ET

NEW YORK (CNNMoney) -- President Obama and Mitt Romney may be in a dead heat as Americans head to the polls on Election Day, but the former Massachusetts governor is an overwhelming favorite of Wall Street.

Twelve out of 18 investment strategists and money managers surveyed by CNNMoney said the stock market would perform better with Romney in the White House than during a second Obama term.

As the country struggles with tepid economic growth, stubbornly high unemployment, more than $16 trillion in national debt, a looming debt ceiling and the fiscal cliff, "Romney offers the potential for a more bipartisan, pro-growth set of fiscal policy initiatives, which ultimately would be better for the stock market," said Phil Orlando, chief equity market strategist at Federated Investors.

11 replies

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Highlight:

Wall Street overwhelmingly backs Romney (Original Post) unhappycamper Nov 2012 OP

Because the stock market doubling in four years just isn't enough? Seriously? Dem2TheCore Nov 2012 #1

Not entirely true. mucifer Nov 2012 #2

I Don't Believe This For One Second..... global1 Nov 2012 #3

stock market always think they do better under Republicans when reality is different... smorkingapple Nov 2012 #4

Yep. The greedy caveman instinct is that democrats will try to regulate the market... MatthewStLouis Nov 2012 #10

Because these idiots can't remember back 4 years. okwmember Nov 2012 #5

And MAIN Street is Backing Obama BlueDemKev Nov 2012 #6

Isn't a portion of investment managers income taxed at a lower rate through some loop hole? zebe83 Nov 2012 #7

welll the market is doing great this morning with a predicted Obama win. faithfulcitizen Nov 2012 #8

Wrong, watch the bull market the next few years. I'm putting my 401 k back in it. JackN415 Nov 2012 #9

Nonsense. They just want to fleece the sheep BootinUp Nov 2012 #11

Dem2TheCore

(220 posts)

1. Because the stock market doubling in four years just isn't enough? Seriously?

Reply to unhappycamper (Original post)

Tue Nov 6, 2012, 09:32 AM

Nov 2012

mucifer

(23,550 posts)

2. Not entirely true.

Reply to unhappycamper (Original post)

Tue Nov 6, 2012, 09:36 AM

Nov 2012

Forbes magazine, The Economist magazine, Bloomberg all endorsed President Obama.

global1

(25,253 posts)

3. I Don't Believe This For One Second.....

Reply to unhappycamper (Original post)

Tue Nov 6, 2012, 09:37 AM

Nov 2012

if Rmoney wins - he will plunge us back into a recession and possibly push us into a depression this time as he embraces the policies of the previous Bush Administration. I already talked with my financial adviser to pull my money out of stock funds and put it into cash funds so that I can at least protect my earnings to date and not be wiped out. I did that just before Bushco put us in the dumper. It was timed just right and I didn't take the hit like many others did.

I have confidence in PBO that the economy will continue to pick up steam and the stock market will thrive under his administration in a second term.

I'm curious at to what others here are thinking about this.

smorkingapple

(827 posts)

4. stock market always think they do better under Republicans when reality is different...

Reply to unhappycamper (Original post)

Tue Nov 6, 2012, 09:44 AM

Nov 2012

MatthewStLouis

(904 posts)

10. Yep. The greedy caveman instinct is that democrats will try to regulate the market...

Reply to smorkingapple (Reply #4)

Tue Nov 6, 2012, 10:17 AM

Nov 2012

The reality is that a well-regulated market is the most stable and the safest to invest in. Of course, some want a wild west, deregulated market with more chances for screwing people over and rigging the system; little guys, small investors, and the economy at large be damned!

Why, oh why, do people think greedy rich guys are on their side?!