you are wrong about president's approval ratings going hand and hand with the market do your research and you will find that Reagan, Clinton, and now Obama approval ratings were at very high marks as the market moved up, the only exception was Bush at the start of the war his approval rating was higher, but the market went down. I've been a trader for 8 years and my network of trader are all 8 or more years full-time traders and we all know confidence comes for the top down regardless of party affiliation, sad thing is most long position traders believed that socialist talk coming from chat rooms like this, and didn't jump in and make real money. you can all ways tell the pro from the wantbe just look at what they are thinking. "its all about the money" not the politics.
If health care passes will the market go up or down?
- Thread starter bat1
- Start date
So if confidence comes from the top down, than how do you explain the less than 50% approval from Gallup and this bull market?
The reality is that this market is bloating because of monetary policy, not because of presidential politics. Exactly where has there been any legislative or policy success under Obama, and I don't mean on merits, I mean politically? Exactly what confidence are you referring to?
My take on this is simple, if you want to play the market with regards to the affects of policies made in Washington, then you better be playing for the long term. This bill is bad for our economy and I would bet against it in the market. But day traders and short term, leveraged traders will sit here and tell you they made money. Time to read "Fooled By Randomness".
In the end the macro fundamentals will come home to roost, and this equities bubble in the making will pop once again. In the short term as has been said, the market will find any BS rational for its behavior.
to be right about the Gallup polls CNN and MSNBC showed polls with Obama over 68% to 54% in the last 6 to 4 months. You must watch Fix news.
I and my fellow traders (8 of us) feel great going long in our long term accounts, which if you are a long term investor you would know that the market was in bad shape years back. Reagan and Clinton turned greed into gluttony. I'm sure you know the saying "pigs go to market and hogs get slaughtered."
I have two 401k accounts, and I pulled my money out of the market the minute the banks started looking like hogs going to the slaughter house (not really happy that Obama saved those hogs). Not very smart on my part; my fellow traders went short in all their accounts.
What really is confidence in the market?
Doing research (fundamentals, calling company, asking around) or checking to see that the company has a product that is and will be in high demand in the future?
My confidence is believing in myself and that this country is changing from gluttony back to just greed.
Insurance companies kill people period!
A Harvard research paper states that 122 people die a day because they don't have insurance. This will end soon.
Saturday the senate voted to debate the health care bill and Monday the market was way up. with the Asian market down. hmmmmm
Tell you what, the day the health care bill passes, let's redo this.
As far as your last sentence "wow," really.
The market will always go up and down. Gee, we Dems know that too. You Republicans just like to put scary words to it.
I and my fellow traders (8 of us) feel great going long in our long term accounts, which if you are a long term investor you would know that the market was in bad shape years back. Reagan and Clinton turned greed into gluttony. I'm sure you know the saying "pigs go to market and hogs get slaughtered."
I have two 401k accounts, and I pulled my money out of the market the minute the banks started looking like hogs going to the slaughter house (not really happy that Obama saved those hogs). Not very smart on my part; my fellow traders went short in all their accounts.
What really is confidence in the market?
Doing research (fundamentals, calling company, asking around) or checking to see that the company has a product that is and will be in high demand in the future?
My confidence is believing in myself and that this country is changing from gluttony back to just greed.
Insurance companies kill people period!
A Harvard research paper states that 122 people die a day because they don't have insurance. This will end soon.
Saturday the senate voted to debate the health care bill and Monday the market was way up. with the Asian market down. hmmmmm
Tell you what, the day the health care bill passes, let's redo this.
As far as your last sentence "wow," really.
The market will always go up and down. Gee, we Dems know that too. You Republicans just like to put scary words to it.
LOL.. Get a clue.
Gallup: http://www.gallup.com/poll/politics.aspx
Rassmussen: http://www.rasmussenreports.com/pub...ministration/daily_presidential_tracking_poll
Try again another time with facts.
guess again
http://themoderatevoice.com/50469/g...l-rating-slips-nine-points-and-sets-a-record/
like I said just the facts
you can go to fix news and hear the pinheads say its below 20 and the great white hope on the radio (can't speak his name)say its lower
in the end, president Obama is the man and the wind is about to change for the good of all of man kind
IMO
http://themoderatevoice.com/50469/g...l-rating-slips-nine-points-and-sets-a-record/
like I said just the facts
you can go to fix news and hear the pinheads say its below 20 and the great white hope on the radio (can't speak his name)say its lower
in the end, president Obama is the man and the wind is about to change for the good of all of man kind
IMO