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Source:
Jeff Matthews: GOP Midterm Victory Will Lift “Wet Blanket” Off Economy, Stocks
Aaron Task
Yahoo Tech Ticker, Aug 05, 2010
http://finance.yahoo.com/tech-ticker/jeff-matthews-gop-midterm-victory-will-lift-”wet-blanket”-off-economy-stocks-535298.html
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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August 10th, 2010 at 11:05 am
I want what he’s smoking! November will be around the time the market starts to drop most likely from sovereign debt. Thinking that we have even the most remote possibility of beginning to address the debt problem is like closing your eyes, clicking your heels three times and thinking you’ll be in Kansas before the morning!
August 10th, 2010 at 12:57 pm
Someone needs to dhow that idiot the NFIB survey today, uh small business IS NOT hiring Jeff because they have NO CUSTOMERS.
As for the election in November and his anticipated republican gains does he think health care will be repealed with a small house majority or does he he 60 republicans senators? What an idiot.
August 10th, 2010 at 2:14 pm
So if the market goes up between now and the spring it will be due to Republican electoral successes.
Unless of course it drops, which will obviously be due to the Democrats.
August 10th, 2010 at 3:31 pm
Prior to 2008……….I’d believe this.
I’m on Mr. Miagi’s side on this one………….”walk on right side of road – safe, walk on left side of road – safe, walk in middle of road – get squished, just like grape”
Both sides will be jockeying for ’12 as soon as the congress is sworn in. I also see a potential where both parties are stakeholders in collapse – as long as they can blame it on the other party. Plus, no one will want to do anything drastic or creative – any solution will be a product of group think and political correctness.
I think congress will make it worse.
August 10th, 2010 at 3:44 pm
“GOP Midterm Victory Will Lift “Wet Blanket” Off Economy, Stocks”
I had some bacon and eggs this morning. Eggs came from the hens, the old fashioned way.
But the bacon…it flew through my kitchen window, sliced by Odin himself from his Golden Pig, who, as everyone knows, flies at will.
PS to PETA and bleeding hearts: The Golden Pig is a godly creature, hence it doesn’t feel any pain, is immortal and regenerate his body instantly.
August 10th, 2010 at 5:12 pm
p.s.
Given today’s fed statement….perhaps the Fed will attempt to be apolitical as possible. This is Bernanke’s hedge. Didn’t think about that initially……..but, it could prove potent for maybe a month or so.
Media says watch the balance sheet……as, the zen master says…….”we’ll see”
I would expect the Fed to chill this post election. Just to check which way the winds are blowing.
That said……..In this scenario, we would see new highs in stocks. Financials look nice here. Put a stop below the last low on BAC. Not much risk in that.