Stock Exchange reaction....

  Grey Goo 10:40 06 Nov 08
Locked

...to the election win of the Democratic candidate for the Presidency of the USA, seems to be a large Raspberry.

  canarieslover 10:53 06 Nov 08

Yes, I had noticed, and the election of Obama was expected to stabilize the markets. Good job McCain didn't get in then.

  GANDALF <|:-)> 11:22 06 Nov 08

The economic problems that existed prior to the election are huge and nothing has changed. It will take a lot more than a new President and newbie fervour to change the economy.
Obama is rightly on a high at the moment and so is a good proportion of The States but when the joy recedes and reality strikes home (bills and debts)the come down to earth will be hard. He is going to be under immense pressure from all sides to sort out the economic mess and to sort out the colour divide (real or perceived) but he cannot stop imports or jobs going to the Far East so kick-starting the economy is virtually impossible.
The States is on a 'we have a new saviour' high at the moment but soon they will realise that they will have to deal with the same problems onl;y the pilot has changed.
For once the stock markets are being realistic as are the prices within the markets....people have got badly burnt and learned a valuable lesson about finance.

G.

  Grey Goo 11:31 06 Nov 08

Or perhaps they are not looking forward to a dose of Socialist taxation to pay for all the reforms.

  Pineman100 18:34 06 Nov 08

I quite agree. It's also a fact that the markets always tend to discount events before the event itself arrives. So by the time Obama actually won, they had already turned their attention elsewhere.

  Forum Editor 18:37 06 Nov 08

of GANDALF <|:-)>'s post.

The markets know what lies ahead, and it isn't wine and roses all the way. Obama's election means little as far as the financial markets are concerned - he's done nothing, and will do nothing for some time.

  laurie53 19:51 06 Nov 08

"Forum Editor -

I endorse every word

of GANDALF <|:-)>'s post."

Now that's something you don't see every day!

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