No I didn't. I said the threat of his tax policies-along with the BUSH bailouts-are the accentuating force. The primary reason for global weakness is global credit contraction. I was shorting ES way before I ever thought Barrack Obama would be President. Would the market have IMPLODED the past 8 weeks if his election or a big Democrat pick up in Congress not been likely-of course not. To Oki: Certainly the market would rather see a Torie Parliament but Cameron isn't going to confuse anyone for Calvin Coolidge.
I very strongly disagree with this assumption. The only switch in thinking I heard /read about is when we're out of financial crisis mode, we'll go to "deep recession" earnings ,multiples, valuation mode. Nobody talked about Obama, The generic democratic candidate has a 20 point lead on the generic republican candidate since at least 2007. To blame any part of this crisis on Obama is to inflict significant damage on efficient market theory. Trend was clear, effect was discounted, long time ago
So I guess I should send you a pm so you can defend me against oktiri the next time he tells me to mind my own business...
By that logic, would the international markets that are also "imploding" doing so because Obama will likely be elected US President?
No that's why I'm a genius millionaire and you're not. To say A is a better Presidential hopeful than B is not to say A should then be a superior running mate with B.
Actually, no. To the extent that the US relies on diplomacy and the cooperation of of other nations in effecting strong diplomacy and other concerted efforts in dealing with problematic countries, the opinions of other countries, and those who inhabit them, matter.
good pt T-dog and as far as non US having a stake in the outcome of our election...its a "global" small world after all......
Are you dense? How many times must I say this: The U.S. the U.K. and Japan are ALL leaning socialist at the same time. Obama is merely part of a GLOBAL trend toward leftist governments. Since the U.S. is historically the LEAST socialistic developed economy then YES global markets look upon Obama's popularity in the U.S. as a harbinger of expansion by left wing governments.