Could wall street do any worse than it is doing now with obama as president?

Question

Could wall street do any worse than it is doing now with obama as president?

Answer 1

lets hope not, b/c its pretty bad now.  tba

Answer 2

it is doing bad because he is leading in the polls.  This is wall street after all.  They do not wait for results, they bet on them.  The better he does in the polls, the worse it is going to get.  The only good thing for him is that he can blame it on Bush, because it will happen when he is president.

Answer 3

it's going to get worse regardless of who's president.. it's a heavy sinking ship we're on, and it's going to take a few years of good policy change to get the ship righted

Answer 4

yes it could

Market is still well above pre 9/11 numbers

Answer 5

If they feel like his tax policy would further hurt business yes. But keep in mind, some of his other policies (like foreign policy in wanting to end the war) may be viewed favorably by wall street.

Answer 6

If Obama brings back fiscal responsibility to this country then we will see a turn around. If it's more tax & spend Liberalism, then we will continue to see a drop.

Although I thouroughly enjoyed my $1200 stimulus check; I don't think it's right that my children's children's children will have to pay it back.

I feel something wet dripping on my head...is that the trickle?

Answer 7

Usually with a new President the market does improve,

However, we never had a President that have been as Liberal as Obama, Jimmy Carter was bad, but not that bad.

Although with Carter we ended up with inflation, higher interest rates, and a very slow economy

Obama want to raise taxes, which will be on ALL citizens, not just the rich.  He wants to tax the oil companies,  He wants to nationalize the health care industry,  He wants to increase the size of government along with providing more social services all of which will have a disastrous on our economy.

Under Obama programs, the economy will get worse, with taxes increase the money will flow from out of the economy, all of which will cause the stock to have a major fall out.

Answer 8

What?

All the supply side tax cuts for the rich should have us BOOMING by now, right? That is what they told us.

Supply side has had the same result as last time under Reagan. Go figure.

How is that working out for us?

Feeling trickled on yet?

Historically stocks markets do better under Presidents that are Democrats.

Answer 9

All investors work on a " risk/ reward" type system...if I have a chance of making good profits, I will buy into businesses that need money to grow, expand, develop, hire, research, experiment, explore...  BUT... if someone is going to TAX my profits at increased rates.... why should I take a chance on those companies?...why should anyone ?  So, with increased taxes ( FOR WHATEVER HEARTWARMING REASONS )...money dries up...little companies peter out...jobs and development are lost...

Yes....Wall Street can do a LOT worse.