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302 Comments
- doctechnical, on 11/05/2008, -10/+89Liquor. Booze always does well during depressions.
- cle2105, on 11/05/2008, -8/+58Most of them, because he is entering office at a dip in the market
- Filter, on 11/05/2008, -48/+90None, 'cause their all gonna get taxed out of business.
- inactive, on 11/05/2008, -15/+50More taxes = fewer jobs. A lesson about to be learned by many.
- wenomspitta, on 11/06/2008, -1/+28Am I the only one who remembered that Chappelle skit where they gave out the reparations?
- DealCracker, on 11/06/2008, -5/+31This article discussed three sectors; Healthcare, Infrastructure, Alternative Energy.
Healthcare - I don't see a lot of soaring here. Obama's plan emphasizes cost control and semi-socialization of the health care system. This is likely to put addition pressure on the bottom line of these companies. In all likelihood, business will decline for many companies in this sector. What healthcare stock has ever done well in a country with Socialized Medicine?
Infrastructure - A favorite buzz word of the Democrats. But besides a few pork barrel projects here and there no increase in infrastructure spending has ever been realized. The author picked Vulcan Materials, a sand and gravel company. Not sure that's the type of stock that will "soar" under any circumstances. But since this and many other stocks in this sector are heavily tied to the construction industry, a healthy economy will be required. Increased business taxes and Federal regulations are likely to smother any hopes of recovery in this sector.
Alternative Energy - Although this has been a dud for investors so far, I think that there probably will be some winners in this sector. The author picked the Archer Daniels Midland company. Are you kidding me? ADM is a giant conglomerate in the agri-food business with a shady history. No I wouldn't be loading up on ADM stock. However, companies like Nanosolar (which is currently private) could truly soar. - ieee, on 11/06/2008, -7/+27Guns. Seriously. The paranoid gun nuts believe that Obama with a Democratic majority in the house and senate will move to take their guns away from them. They are probably planning to stock up as soon as they get their hands on some cash.
That is, if they can get some cash. The Bush administration socialized the banks after Republican deregulation trashed the economy. - Narcism, on 11/06/2008, -4/+24People like to laugh sometimes.
- no2gates, on 11/06/2008, -6/+25Kleenex
- thcobbs, on 11/06/2008, -8/+27Lol... look at the stock market for the last two days. Everyone is pulling their money out as fast as possible because they know they'll get their cap gains taxed at 30-40% higher for the next four years.
And remember, everyone making 150k or more will end up being wealthy... by Biden's definition anyway. - Red_Eye, on 11/06/2008, -3/+18Foreign ones
- twiztidsinz, on 11/06/2008, -2/+17Because something like that is such an over the top of a stereotype that people with a sense of humor can laugh about it. http://i34.tinypic.com/2iux02g.jpg
- GiggleStick, on 11/06/2008, -2/+16Any thing you tax will reduce the quantity of it. That's why they lower tax to encourage behaviour, such as home ownership. You increase sales tax, sales go down. You increase business tax, business goes down. It's the simplest relationship there is.
Even when Obama was called on the fact that his tax increases would likely actually reduce the revenues to the Treasury, he said it didn't matter because it was the principal of the thing. Success must be punished.
Remember, Obama told Joe the Plumber, "It's not that I want to punish your success...". He's not denying that he is punishing success, he just denies that it is his underlying motive. I think he lying about it, but either way, it will hurt all of us. And like all pain suffered by the US, it affects the poor and minorities most. - ouzome, on 11/06/2008, -4/+18ha, because Obama can use twitter tech stocks will be OK?
Love your intellect long time. - scoottie, on 11/06/2008, -17/+31well the market is down 500 points since he was elected.
- BullHunter, on 11/05/2008, -61/+75Agriculture. Watermelons will go through the roof!
- inactive, on 11/06/2008, -5/+18"More taxes = fewer jobs. A lesson about to be learned by many."
Exactly. In my business, if my taxes go up I increase my fees and fire staff. - mikbunn, on 11/06/2008, -3/+16Not really. The watermelon thing is probably the single dumbest and most harmless stereotype in history.
HA you people like delicious fruit! I GOT YOU GOOD YOU *****! - sancho320, on 11/06/2008, -2/+15I was thinking Kraft, they make the Kool Aid.
But seriously, c'mon, time to stop, no more.
grape soda - inactive, on 11/05/2008, -7/+17Think "inflation." All this spending won't come cheap for future generations...
- inactive, on 11/06/2008, -3/+13This article is complete *****... I love it when people try to predict the market like this though, it's good for a laugh.
- AmusedToDeath, on 11/06/2008, -6/+16I know you guys are still on a high from Obama's win, and I don't mean to be a buzzkill, but I haven't heard anything come out of this guy's mouth that suggests he will have any idea of how to bring us out of this recession/depression. I would have said the same for McCain if he had won. The fact is, we're gonna have to go through some severe pain before we see the other side of this no matter what. This is not going to be another Bill Clinton-like presidency. Our problems are MUCH deeper rooted than they were when he took office, and it's going to be a MUCH bumpier ride than the 80s/90s. I think the Democratic party is setting itself up for massive fail, because when all these new voters thet voted for "change" don't get see an immediate turnaround in the economy come middle of next year, they will turn on Obama like a pack of hungry wolves. Most people have a very short political memory, and it'll be all his fault this time next year.
So no, there won't be any soaring stocks anytime soon. - inactive, on 11/06/2008, -2/+12Hmm... my guess is:
Goldman Sachs, Microsoft Corp., Google Inc., JPMorgan Chase & Co, Citigroup Inc, National Amusements Inc., Time Warner, Sidley Austin LLP, Skadden, Arps et al Wilmerhale LLP, UBS AG, Morgan Stanley, IBM Corp.
http://www.opensecrets.org/pres08/contrib.php?cycl ... - inactive, on 11/05/2008, -4/+14Democrats win? I fear a tax & spend welfare state.
Republicans win? I fear a borrow & spend warfare state.
As you can see, feshmania is right, the common fear is THE SPENDING, so the MSM & "major" parties don't want to discuss it because they know they've been irresponsible as hell for decades. And after his anticapitalist vote on the bailout, did ANYONE think McCain would spend less than Bush? And if so, can i interest that person in an opportunity involving either a bridge in NYC or a giant piece of south Florida real estate? - salinemist, on 11/06/2008, -1/+10Conservatives believe taxes are a necessary evil that should fund the essential functions of government, and do should do so in a manner that treats all Americans equally and creates the smallest amount of drag possible on economic growth.
Obama believes taxes are a tool of social "justice".
Liberals will never get it, but if you just set the Corporate Income Tax rate at 10%, and the Personal Income Tax rate at 10% for all income over $30k we'd have an economic boom of monstrous proportions and the Federal Government would shortly have more cash than it knew what to do with.
No one realizes that RIGHT NOW Federal Tax Receipts are at the highest level ever, both in terms of raw dollars and as a percentage of GDP. - cloudcity, on 11/06/2008, -1/+10I'm not paranoid, or a gun nut. I don't even own a gun, but I plan on purchasing one soon. I don't want a handgun until somebody tells me I can't have one.
- MrErr, on 11/06/2008, -0/+9I think it is too early to be making predictions but considering the stock market a great time to buy.
- inactive, on 11/06/2008, -4/+13Well how else are we gonna fund all the new government entitlement programs and the way Dems love to just throw money at problems?
- inactive, on 11/06/2008, -4/+12Obama has the greatest point drop EVER since becoming president-elect.
EVER! - blacktriangle, on 11/06/2008, -1/+9He did this in Illinois, why couldnt he do this in all 50?
- jbmcb, on 11/06/2008, -1/+9My family runs a small store. Fifteen years ago they used to hire an extra 15-20 in seasonal staff. Now, thanks to higher taxes and increased minimum wage, they hire, maybe, two extra people. It's the same situation for all the other small retailers we know - higher taxes and minimum wage correlate directly to lower employment.
- OwdenBowden, on 11/06/2008, -8/+16I am in the Financial Sector and I can tell you that there is not one stock on this list that will do well. Mater of fact most of our markets will not due well. The Obama presidency will be a pox on the financial and business sectors. Business fears him, his vision and the heavy taxation that he plans to levy. I think our only hope is for the United States of America to either Legalize or decriminalize Marijuana. At over a 300 Billion dollar industry - it is the only thing people will be purchasing - to forget all the change that then now have in their pockets and nothing else to Believe in.
- feshmania, on 11/05/2008, -14/+22I'm pretty sick of this whole song and dance...a liberal is elected and conservatives whine "we're going to be taxed into poverty", a conservative wins and you hear "the rich are just going to get richer" it's so nonsensical to say these things because the rich get rich no matter what and taxes have never been what broke people's backs, poor spending choices have
- Elohir, on 11/06/2008, -2/+10Yeah, which is strange considering how incredibly stable it's been recently.
- subliminalurge, on 11/06/2008, -0/+8Oh yeah, that's some solid reasoning.
Do yourself a favor, don't put money in the stock market.
We're headed into an inevitable and pretty severe recession. Tech, especially consumer tech, is going to be one of the first things to suffer. - Altotus, on 11/06/2008, -1/+9Maybe, but probably not. The tax increases we are talking about are pretty small, comparatively, and most businesses have a nominal tax rate far lower than the basic statutory rate. In the USA, just over 70% of businesses pay no taxes at all. One of the reasons that politicians screw with corporate taxes so much is that minor changes have little real effect (overall, obviously there are some businesses that are low-margin and pay close to the statutory rate where it's a big deal), it's mostly a political exercise.
Actually, the biggest problem isn't so much taxation (and futzing with it) so much as spending. Democrats seem to spend with cash-on-hand, whereas Republicans tend to spend on credit -- but both parties spend ridiculously (presumably the Republican's recent history of outspending the Democrats is traceable to the overall trend of accepting ludicrous debt loads). Neither party is particularly interested in paying down the debt, the balanced budget ammendment, etc.
If anything's going to sink a business today, inflation, energy costs, inaccessibility of credit, and devaluation of the dollar are the dominant forces. A 10% increase in tax would pale compared to 50% increases in costs overall. - lyzz, on 11/06/2008, -1/+9The President doesn't have as much sway on the market as people seem to believe. When it comes to the markets, The Fed rules.
- inactive, on 11/06/2008, -2/+9I bought so much ammo in the last 2 weeks a shelf collapsed in my closet. Just sayin.
- inactive, on 11/06/2008, -0/+7that ***** is actually real, rofl
- inactive, on 11/06/2008, -0/+7check out http://www.vicefund.com/
- geoffg, on 11/06/2008, -0/+7Going on 800.
- deema1, on 11/06/2008, -3/+10You also do not understand the stock market. It's a FORWARD-looking animal. It's not the policies of now it's the policies of what will be. Whatever side of the debate you fall under, his basic economic policies are not favorable for the market as a whole but, then again, markets work in business cycles anyway.
- awtripp, on 11/06/2008, -2/+9Which is weird, considering he hasn't made any policy decisions as commander in chief yet. If there's an "Obama Effect" on the stock market it's ***** *****, because it's based on what MIGHT happen or what people want you to think WILL happen. The standing of non-futures should not be impacted by this kind of *****, but it is...
- jbmcb, on 11/06/2008, -0/+6Find out which companies are linked to the people he puts in his cabinet. Invest in those. Seemed to work for Bush, at least.
- cle2105, on 11/06/2008, -0/+6Jesus was already brown, he's from palestine
- Balanced, on 11/06/2008, -2/+8Actually...
- gregcotten, on 11/06/2008, -7/+13It's not $250,000 anymore. They lowered the bar even more because they realized they wouldn't be getting enough money to cut the welfare checks. Who's the "Stupid *****" now? That's cute.
- inactive, on 11/06/2008, -0/+6Ar-15. It does everything.
- enki25, on 11/06/2008, -3/+9Considering the stock market faced its single largest point drop in history under the fascist (Bush), I have my doubts that we will see any positive movement until he is out of the White House. People don't trust retards, it doesn't matter how much you mouth breathers defend him.
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