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Curtis108 Wrote: Nov 19, 2012 12:39 PM
It started dropping in early October.....
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mturn115 Wrote: Nov 19, 2012 1:28 PM
Oct 5 Dow hit high of 13661, Nov 16 Dow hit low of 12471, so you're right. But for the next month after Oct 5, the Dow dropped to 13112 at the close of the Election Day market. To say that was due to Obama winning is premature, as the polls were close and no one was predicting who would win,due to the closeness of the polls. Certainly after he was re-elected the market went down. I'm just concerned about being accurate, as the Dems and mainstream media will jump on any inaccuracy to denigrate the whole story and/or the author of that story.
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Illbay Wrote: Nov 19, 2012 12:03 PM
You're kidding, right?
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AliveInHim Wrote: Nov 19, 2012 11:52 AM
The exact number makes no difference to our investments. It's a cr@p sandwich any way you care to slice it.
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Everyone knows by the now there is a fiscal cliff looming and everyone knows President Obama wants to raise taxes on "millionaires and billionaires," which is actually anyone making more than $250,000 per year. With the recent talk from Obama, saying there is no way he will budge on a tax increase for the country's "rich," corporations are naturally pulling back their investments and cutting workers.
U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.
Half of the nation's 40 biggest publicly...
Surprise: U.S. Corporations Pulling Back Investments