If Obama loses, the economy is SCREWED.
This is in response to Richie’s last post regarding an economic turn around. While I agree that the market has stabilized somewhat, I think that stability is based on the hope of a turnaround should Obama win this years election. Be warned, should obama lose, the postivie sentiment or at least guarded optimism wil evaporate and I can very easily see the dow reaching 5000 within two weeks of the election.
Right now with an increase in unemployment, decreased consumer spending, decreased ad buying, falling housing prices, and poor consumer sentiment, there is very little to provide confidence Wall Street other than the hope of change. Given post debate analysis, Barack Obama has sold to both Mainstreet and Wallstreet that lhe is the instrument of that change. Moreso, CNBC reports that folks who move in financial circles have already be sold on the idea that Obama will win, and operating accordingly.
If the american voter doesn’t deliver those expectations, the bubble which is build on nothing more than hope will pop. We will, once again, see the economy for what it really is, and stocks will tumble on yet another piece of bad news.
So let’s all hope for an Obama victory and at least give America something to dream about. In bad times, dreams are what keep us from losing all hope.
So get out and vote! And if you care about the well being of this country…
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Are you for real? Says:
