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Wall Street didn't like the results

Discussion in 'Politics, Elections & Legislation' started by Bucko43, Nov 7, 2012.

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  1. Bucko43

    Bucko43 Well-Known Member

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    Check out Wall Street right now. It's in the tank.
     
  2. Steve W

    Steve W Well-Known Member

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    Wonder why? Does people realize an incompetent CEO is bad for business and economy?

    Or they really want to re-distribute wealth like Karl Marx ?
     
  3. Stl Flyn

    Stl Flyn Well-Known Member

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    You have to look farther into the reasoning besides rhetoric. The futures market really fell this morning, when the basically European Central Bank Chairman brought up the fact that financial issues have been brought back up in the European Union. Adding to the fall of the markets.
     
  4. Setterman

    Setterman Well-Known Member

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    Convenient that it was brought up 1 day after our election. Everyone knows the euro economy will be felt here, and hard. Not good.
     
  5. pretzel

    pretzel TS Member

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    My Give-a-flipper went down along with the markets.
     
  6. Stl Flyn

    Stl Flyn Well-Known Member

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    It looks like it did not like what Boehner had to say either.
     
  7. Setterman

    Setterman Well-Known Member

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    Flyn, What did Boehner say?
     
  8. likes-to-shoot

    likes-to-shoot Well-Known Member

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    The European market was expected to go in the tank if Obama won. Some of their top analyst had been predicting that outcome for a while now. They have been expressing fears of a global recession because of our lack of getting our finances in order.

    Its almost certain that we will go over the fiscal cliff and go into a deeper recession if not a depression.
     
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