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	Name:	water_watcher -
	Subject:	Wall Street...
	Date:	11/6/2008 2:46:58 PM

If you follow CNBC, the sell off goes beyond the bank crisis. It accerated in October as it looked more like a BO win do to the tax policies. Then as the polls tightened the market rallied 14% on hopes McCain could pull it off.

The sell off yesterday was the largest in percent and points the day following a presidential election ever. Today looks like further continuation of that. It is worse in certain sectors that they feel are unfavorable under BO ... like coal, drilling compaines, etc.

The other fear is what the economy will look like under a very liberal president and an all democratic congress.

Some of us spoke of this fear. It has been on Wall Street and until BO comes out and says he is leaving the Bush tax cuts in place until 2010 when they are set to expire and gives some indication of being more to the center, things are going to get worse .... very worse.

If BO goes with his plan to raise taxes and redistribute wealth and tax businesses more .... we are in for Great Depression #2. That is exactly what caused it back then and it will be what causes it again. Get ready for 25% unemployment.

The sad part is, I am not sure BO does not want that .... it would feed to his socialist point of view where more people look to the government for help and he can control and redistribute the wealth.

Other messages in this thread:

View Entire Thread

Wall Street... - AUCATZ - 11/6/2008 11:08:26 AM

Wall Street... - Talullahhound - 11/6/2008 11:16:56 AM

Wall Street... - Council Roc Doc - 11/6/2008 2:26:43 PM

Wall Street... - water_watcher - 11/6/2008 2:46:58 PM

Wall Street... - 1DERWHY - 11/6/2008 5:30:58 PM

You are Delusional - Talullahhound - 11/7/2008 9:34:29 AM

wrong - water_watcher - 11/7/2008 9:43:13 AM

You are Wrong - Talullahhound - 11/7/2008 11:53:00 AM

You are Wrong - Council Roc Doc - 11/7/2008 12:19:46 PM

You are Wrong - Talullahhound - 11/7/2008 3:00:17 PM

Thats right!! - 1DERWHY - 11/7/2008 11:02:54 AM

Okay - Talullahhound - 11/7/2008 3:01:46 PM

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