International investors 'short' Obama Admin

Discussion in 'Politics' started by B_starinvestor, Nov 5, 2008.

  1. B_starinvestor

    B_starinvestor New Member

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    Take a look around international markets today and you'll see that investors worldwide are selling wildly. Everyone is 'short' on Obama's extreme leftist policy agenda in combination with a House and Senate chock full of crazed liberals.

    Many businesses -- merely seeking survival -- are being pushed outside of the U.S. because of the malicious business taxation that is on the horizon from Obama.

    When you're done celebrating the fact that we are a European country with a glorified preacher as our President, take a look around the block and console your neighbors who will soon be unemployed.

    Hooray to ACORN for force-feeding Democratic votes into every urban precinct in America. What a formidable and respectable role they perform.
     
  2. B_Nick4444

    B_Nick4444 New Member

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    formidable challenges ahead:

    The Dow Jones Industrial Average, which had surged 305 points on Election Day, fell 486.01 points, or 5.1%, to 9139.27. The loss marked the biggest one-day loss for blue chips since Oct. 22 and lowest close since Oct. 29 after a week of relative optimism. The industrials are down 31% for the year.

    With the election settled, traders focused on incoming economic reports, and the data were grim. A precursor to Friday's monthly nonfarm payrolls number issued on Wednesday showed the private sector shed 157,000 jobs last month, with deep declines in goods-producing industries. And the Institute of Supply Management said in a new report that the service sector contracted last month.

    "The markets are getting back to focusing on more traditional economics," said Bill King, chief market strategist at M. Ramsey King Securities in Burr Ridge, Ill. "The textbook says that when you think things are getting worse, you sell stocks, sell the dollar, and buy bonds. That's what we're seeing today."

    but also reflects some portfolio adjustment:

    Veteran investors said Wednesday's decline also bore some of the hallmarks of recent waves of forced selling in which hedge funds and other big players raise cash to cover anticipated withdrawals by clients. Carl Icahn told investors he is putting $250 million into Icahn Capital's hedge funds ahead of an anticipated wave of redemptions before the end of the year.
    Even relatively strong performers in the hedge fund world have recently seen cash-starved investors withdraw funds. Blue Mountain Capital Management, which is down only 2.4% this year compared with an average 20% loss across all funds, has seen its investors line up to withdraw at least 25% of the fund's assets by February, the Wall Street Journal reported this week.
    Some analysts think that the widespread cash-out is overdone and that stocks won't move substantially higher until some of those funds return to the market.

    the true measure, in terms of what investors think of our outlook, would be the bets being placed on the dollar:

    The dollar weakened against the Japanese yen but managed gains against the euro and British pound. The U.S. Dollar Index, which measures the greenback's value against a basket of six overseas denominations, was flat.

    Today's Markets - WSJ.com
     
    #2 B_Nick4444, Nov 5, 2008
    Last edited: Nov 5, 2008
  3. dreamer20

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    According to the BBC news this morning no such "investors worldwide selling wildy" occurred. What I do see is your usual disinformation and anti-liberal propaganda.:rolleyes:

    Asian stocks up on Obama victory

    BBC NEWS | Business | Asian stocks up on Obama victory
     
  4. sargon20

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    I see. So last April the Dow was north of 14000. What does it say about the Bush Administration? If you're going to stick the Dow to Obama, you have to stick it to Bush too. Down 500 compared to down 5000.
     
    #4 sargon20, Nov 5, 2008
    Last edited: Nov 5, 2008
  5. midlifebear

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    Ah, there is starinvestor, pushing lies as usual. According to Clarín and La Nación (and even the Buenos Aires Herald, English language icon of the conversative ultra right) there has been no short selling in the news that Obama is now President Elect. The Mercosur counrtries are working out how to control inflation (they are having banner years, economically) and figuring out how to manage their social expenditures, continuing to ensure that retired folks don´t go starving or homeless and the úber rich are caught and forced to pay their fair share of taxes.

    By the way, we also get the BBC (in Enlgish) as well as CNN (in Spanish) and the business news on those cable channels was quite dull.

    By the way, in all fairness I should fess up that I am what starinvestor would characterize as an international investor and I´m doing just fine. However, with regard to my holdings in the USA it´s still pretty damn hard to turn a buck in the leftover Republican borrow-and-spend economy. One hopes this will change in about 4 years. Obama has a world of hurt to manage when he takes office. I do not envy the guy. But as a rabid capitalist I´d rather have Obama than curioius George leading the country. Those of you who do not live outside the USA have NO IDEA how relieved the rest of the world is today, knowing that the Grand old White Men Party will no longer be in charge.
     
    #5 midlifebear, Nov 5, 2008
    Last edited: Nov 5, 2008
  6. lucky8

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    Well of course, most people knew this would happen, it happend when Clinton was elected too. It doesn't mean much though, being that 300-500 point swings have become the norm ever since Paulson came on the air and scared the shit out of everybody...and American markets are really the ones that reacted negatively...this reaction is nothing new or unexpected and is nothing in comparison to the reaction from Paulson's and Bush's speeches about our economy that initially sparked this trend of massive swings in the first place...
     
  7. mindseye

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    Welcome back, starinvestor. Let me taste your tears of unfathomable sadness. ;)


    Deutsche Presse-Agentur writes (source):

    Looks like there was some bad economic news that came out today; only in fantasyland would investors all pull out en masse in November because of a guy who won't even take office for another 10 weeks.
     
  8. sargon20

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    Most conservatives do live in a fantasy land. Global warming...not real. Evolution...not real. We can starve the poor into becoming rich and being poor is their fault. Cutting funding will make government shrink. Tax cuts will actually increase government revenue. Abstinence only education works. We can bomb our way to safety. The list is endless. Endless.
     
  9. B_starinvestor

    B_starinvestor New Member

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    Yes, the worldly "Magellan" of LPSG.....Midlife....poisoning every word in liberal spin.

    First of all, the Mercosur economies are not having a banner year.
    Argentina
    Economist.com | Country Briefings: Argentina

    Brazil
    Latin America's economies | Bad bets | The Economist

    Secondly, of course your liberal circle is applauding Obama's victory and our conversion into a European country. However, the international business community isn't real thrilled. Running out of Iraq screaming with our hands in the air will create security issues and unrest as well.

    It may make sense for this admin to put its tax proposal on the back burner until we climb out of this recession.
     
  10. B_Nick4444

    B_Nick4444 New Member

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  11. B_starinvestor

    B_starinvestor New Member

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    Aw, we shouldn't worry about these things, Nick. Obama will just meet Medvedev for coffee and straighten the whole thing out.
     
  12. B_Nick4444

    B_Nick4444 New Member

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    I wonder what the colour of the sky is in that world?
     
  13. dreamer20

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    President Obama will meet Medvedev someday hopefully, just as Bush met with Putin and Reagan with Gorbachev.:cool:
     
  14. mindseye

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    Translation: "Calling him a socialist didn't work; maybe we'll go back to flip-flopper."

    More people voted for Obama than for any presidential candidate in history: he won a majority of the popular vote, a majority of states, and twice as many electoral votes as his opponent. He blew the roof off the margin that your buddies at the Heritage Foundation consider a "mandate".

    Starinvestor won zero states, zero electors, maybe a write-in vote from his mom. I assure you that President-elect Obama will give your advice all the consideration due it.
     
  15. sargon20

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    I think Bush had a mandate with bin Laden to see who could destroy America. Bush is clearly ahead.
     
  16. D_Davy_Downspout

    D_Davy_Downspout Account Disabled

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    Yes, Obama is MAGIC. The very mention of him winning the presidency will drive markets down. And if they go back up? Certainly not due to him. They will continue down forever, until they reach 0.

    The market was a paragon of stability in the past month, not volatile at all.
     
  17. B_starinvestor

    B_starinvestor New Member

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    Precisely due to the reasons listed above.
     
  18. D_Davy_Downspout

    D_Davy_Downspout Account Disabled

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    Because of ACORN? Because of "ultra-leftist" policies? LOL, you have no idea what the fuck you are talking about. Seriously, you're not an investor, what are you, 12?

    The best part is that you think ACORN was engaged in vote fraud, which is pretty impossible.
     
  19. D_Davy_Downspout

    D_Davy_Downspout Account Disabled

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    So Starinvestor, why exactly are Warren Buffet, Paul Volcker, and the rest of Obama's economic advisors pushing an insanely liberal policies?
     
  20. B_starinvestor

    B_starinvestor New Member

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    Funny. Great attack, though.

    My point was that the market has been pricing in an Obama win for several weeks. His lead in the polls has been reflected in falling stock prices. Unless your TV is permanently stuck on MSNBC, just flip over to CNBC for a few minutes and you'll get the same explanation.

    Look, if you think ACORN's activities are admirable, that's great. I simply don't. It didn't affect the stock market, but it did affect the election.
     
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