Repubs have biggest gain since before WWII...

[BlinkingDuck]

@Marley23

I did not insult you. I pointed out a mistake you made. Now take your complaints to the appropriate forum if you want to continue.

Really…hmmmm…so if I said your logic teacher was an idiot…that is not an insult?

Interesting.

[BlinkingDuck]

@Marley23

1948 is before WWII? By any chance was your history teacher named Bluto?

Oh crap Marley…I COMPLETELY missed the reference. For shame as I love that movie.

That was actually quite good and I now don’t take it as an insult. I take back what I have posted in this and the other thread and apologise.

[G-SE]

@Marley23

The market is down by a tiny bit. It’s basically flat right now. And we’ve known for a long time that the Republicans were very likely to win the House but that they weren’t likely to get the Senate, so investors have been trading on that information for weeks or months. The results became official last night but there were not any huge surprises in terms of the overall composition of the government. It wouldn’t make sense to expect a huge response.

^ This.

Actually, for an interesting look at some graphs, the stock market has been been on a pretty steady increase since 9/1/2010, just around the exact same time that polls started showing a majority of Republicans in the House.

Stocks (do 3 month snapshot):

Quote | Fox Business

House Polls:
http://www.realclearpolitics.com/epolls/2010/house/2010_elections_house_map.html

[Bricker]

@BlinkingDuck

…and the stock market is down.

OBVIOUSLY the markets hate the idea of Republicans having such a gain.

Dow’s up 15, so’s the S&P. NASDAQ is even.

[Jas09]

Oh Noes! Now it’s down again! Vote for the Dems!

[Meatros]

@smiling_bandit

I’m sure at some point you must have noticed that a great many of us believe the bailouts are counter-productive. We do. They’ve never really worked, and the kind of money that it supposedly requires according to people like Paul Krugman is simply not going to happen. And if such a “real bailout” that Krugman is sure will work ever does faill, it would be a complete fiscal catastrophe which would destroy America’s debt market.

We could look at GM, which should have been left to die. Aside from some gimicky and grossly dishonest “repayments”, we’ve basically blown a huge lot of money for the Democrats to get UAW votes. A company isn’t worth saving. The assets wouldn’t simply vanish.

TARP, which I disliked but tolerated, is at least likely to only cost 50 billion or so instead of the 150 billion it could have.

Perhaps I should not have said ‘warranted’. What I meant was if the economy takes a dive then I think that the government will issue another stimulus, regardless of whether it helps or not. I also think that while the Reps might balk, they will ultimately cooperate.

In short, I’m not arguing for the effectiveness of the stimulus (or bailouts, actually).

If the Reps balk, the stock market will tank as a result.

[Bricker]

@Jas09

Oh Noes! Now it’s down again! Vote for the Dems!

This is exhausting.

[Shodan]

Now they’re all three up.

No doubt this is due to investors realizing that Dems still control two of the branches of the federal government.

Regards,
Shodan

[BrainGlutton]

@BlinkingDuck

…and the stock market is down.

OBVIOUSLY the markets hate the idea of Republicans having such a gain.

It’s ain’t just on Wall Street, either.

PARIS — As Republicans prepare to assert new authority in the U.S. Congress following the midterm elections Tuesday, the United States’ allies overseas are concerned that the political upheaval in Washington may pose fresh challenges to the global economy.

Despite pledges to curb government spending and the huge U.S. budget deficit, Republicans are expected to address anxiety over unemployment and flagging growth by pushing hardest for an extension of the Bush-era income tax cuts for everyone, including the rich — a move that would add to the deficit and, by extension, further weaken the U.S. dollar.

“The rest of the world, including Asia, is looking at the United States and seeing no real effective policy measures in bringing the economy back on track,” said Bart Van Ark, the chief economist at the Conference Board, which measures U.S. economic indicators. “That is making the U.S. lose its legitimacy in the global economic community as a leader in terms of providing solutions.”

Maintaining taxes at their current relatively low rates could help lift consumer spending in the United States, while a cheaper dollar would make U.S. exports more competitive. But analysts said those fixes would be only temporary and were unlikely to reverse America’s waning economic might at a time when emerging markets have eclipsed industrial nations as the key drivers of the global economy.

[SteveG1]

@Marley23

1948 is before WWII? By any chance was your history teacher named Bluto?

You mean when the Germans bombed Pearl Harbor?

[SteveG1]

@emacknight

Can we assume that businesses will start hiring today? Now that the threat of sudden tax increase are gone?

And all the jobs that went overseas will return to our shores. And trickle down economics will work once again. And rainbow farting unicorns will fly over the land spreading happiness and cookies. :rolleyes:

[Captain_Amazing]

@Marley23

1948 is before WWII? By any chance was your history teacher named Bluto?

The Democrats had the gain of 75 seats in 1948. This is the biggest Republican gain since 1938, which is before WWII.

[Squink]

@Shodan

Now they’re all three up.

No doubt this is due to investors realizing that Dems still control two of the branches of the federal government.

Executive and judicial?
Last I checked, legislative was split.

[Drunky_Smurf]

@SteveG1

And rainbow farting unicorns will fly over the land spreading happiness and cookies. :rolleyes:

I knew the repubs getting the house back was a good thing.

[pulykamell]

@villa

The market prices things in based on expectations. If they felt that it was likely the GOP would take the Senate as well, and they felt that a GOP House & Senate was better for the economy (two disputable ideas), then yesterday’s results would lead to a falling market.

Yeah, a Republican win has already been priced into the market. There’s no reason to expect the market to move up or down based on expected news–that should already be factored into the pricing.

[Shodan]

@Squink

Executive and judicial?
Last I checked, legislative was split.

All three elected, if you please.

The “all three are up” reference was the Dow Jones, S&P 500, and NASDAQ, in case that wasn’t clear.

Regards,
Shodan

[Marley23]

@Captain_Amazing

The Democrats had the gain of 75 seats in 1948. This is the biggest Republican gain since 1938, which is before WWII.

And that would explain what BlinkingDuck was saying. :smack:

[BlinkingDuck]

@Marley23

And that would explain what BlinkingDuck was saying. :smack:

Naw…twas NBC…whether right or wrong

[John_Mace]

What a stupid OP. Things played out exactly as the consensus predicted. Anyone who has the most primitive inkling of how markets work knows that you buy the rumor and sell the news. The results were already factored in.

[BlinkingDuck]

@John_Mace

What a stupid OP. Things played out exactly as the consensus predicted. Anyone who has the most primitive inkling of how markets work knows that you buy the rumor and sell the news. The results were already factored in.

The markets predicted a move so large…the largest swing since 1938.

Damn! Them markets be SMART!

What would have happened then if the Repubs would have just had a ‘normal’ gain…you know what was predicted by many? The market would be WAY down then!

Mace, your faith in markets is…well…maybe a bit stupid.