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Obama gana la reelección
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Boriquesazo- Contributor
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Re: Obama gana la reelección
por Charlie319 Miér Nov 07, 2012 9:01 am
Comienza la era del "Best Revenge" President...
Charlie319- Admin
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Re: Obama gana la reelección
por Charlie319 Miér Nov 07, 2012 2:44 pm
Y la bolsa se tambalea, hay motines en Grecia. Este es el comienzo del segundo y ultimo acto de la administracion de Obama
Dow down more than 300 points as post-election fiscal reality hits Wall Street
11/07/2012 12:52 PM
By Beth Healy, Globe Staff
The Dow Jones Industrial Average dove more than 300 points Wednesday following President Obama’s re-election, as investors absorbed the reality that same political players in Washington, D.C., now must address the nation’s so-called fiscal cliff, which looms at year’s end.
“You’ve got pretty much the same recipe as before -- a Democratic president and House Republicans,’’ said Nigel Gault, chief US economist for IHS Global Insight in Lexington. “If Obama says, ‘I insist on there being a tax increase for high-income Americans,’ and you have Congress saying, ‘No tax increases,’ you hit the cliff.”
The Dow was down 300 points, or 2.3 percent, to 12,945.40 at midday, after falling as much as 369 points earlier. It was on track to have its worst day of the year, with financial and energy stocks particularly hard hit.
Bernard R. Horn Jr., president and portfolio manager of Polaris Capital Management, a Boston investment firm, said that between the coming threat of higher taxes and budget cuts, as well as ongoing financial troubles in Europe, there was little in the near term to calm financial markets.
“We spent huge amounts of money and incalculable amounts of human capital” on the election, Horn said. “And after that whole process, we basically get that same gridlock government. And everybody’s hoping things will somehow change.”
The question is whether the negative narrative can change in the weeks ahead, Gault said. On Tuesday, stocks rose by triple digits on optimism about an end to political uncertainty as the presidential campaign concluded. Only one factor the day after had changed enough to possibly help end Washington gridlock, analysts said -- the fact that Obama is staying for another four years.
“We’ve had the election, the power has not moved in [Republicans’] favor. And decisions will have to be taken,’’ IHS’s Gault said.
Beth Healy can be reached at bhealy@globe.com.
Dow down more than 300 points as post-election fiscal reality hits Wall Street
11/07/2012 12:52 PM
By Beth Healy, Globe Staff
The Dow Jones Industrial Average dove more than 300 points Wednesday following President Obama’s re-election, as investors absorbed the reality that same political players in Washington, D.C., now must address the nation’s so-called fiscal cliff, which looms at year’s end.
“You’ve got pretty much the same recipe as before -- a Democratic president and House Republicans,’’ said Nigel Gault, chief US economist for IHS Global Insight in Lexington. “If Obama says, ‘I insist on there being a tax increase for high-income Americans,’ and you have Congress saying, ‘No tax increases,’ you hit the cliff.”
The Dow was down 300 points, or 2.3 percent, to 12,945.40 at midday, after falling as much as 369 points earlier. It was on track to have its worst day of the year, with financial and energy stocks particularly hard hit.
Bernard R. Horn Jr., president and portfolio manager of Polaris Capital Management, a Boston investment firm, said that between the coming threat of higher taxes and budget cuts, as well as ongoing financial troubles in Europe, there was little in the near term to calm financial markets.
“We spent huge amounts of money and incalculable amounts of human capital” on the election, Horn said. “And after that whole process, we basically get that same gridlock government. And everybody’s hoping things will somehow change.”
The question is whether the negative narrative can change in the weeks ahead, Gault said. On Tuesday, stocks rose by triple digits on optimism about an end to political uncertainty as the presidential campaign concluded. Only one factor the day after had changed enough to possibly help end Washington gridlock, analysts said -- the fact that Obama is staying for another four years.
“We’ve had the election, the power has not moved in [Republicans’] favor. And decisions will have to be taken,’’ IHS’s Gault said.
Beth Healy can be reached at bhealy@globe.com.
Charlie319- Admin
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