Investors eye the 'cliff' as Obama gains in polls

[ToxMarz]

Wall Street preparing for Obama win.

http://www.cbsnews.com/8301-32778_162-57523184/investors-eye-the-cliff-as-obama-gains-in-polls/

NEW YORK — As President Barack Obama widened his lead over Mitt Romney in polls this month, traders at hedge funds and investment firms began shooting emails to clients with a similar theme: It's time to start preparing for an Obama victory.

What many in the market worry about isn't that high earners may pay more in taxes if Obama wins. They worry that federal spending cuts and tax hikes scheduled for 2013 will kick in on Jan. 1 and start pulling the country into another recession. The higher taxes and lower spending would total $600 billion over one year. They take effect automatically unless Congress and the White House reach a deal before then.

There is reason to expect a deal. If Obama wins, the Republican fight to make him a one-term president will be lost. With the elections over, there will be little reason or room for political posturing. House Republicans could finally decide to be more cooperative.

"They'll be faced with determining whether we get a recession or not," says Jeff Kleintop, chief market strategist at LPL Financial.

[Lex]

1. The Republicans hate Obama far more than they love their country so

of course they don't care if they break things just to show their displeasure at having failed to unseat President Obama.

[Skittles]

2. LOL - republicans will NEVER "cooperate"

the power of the greed old pig party means EVERYTHING to them - they don't give a DAMN about America - f***, that's why they are getting their asses handed to them

[obxhead]

8. You're mostly right.

They hate Obama, they could care less about America.

However, they do care about the bottom line. If nothing happens in the lame duck session with the great tax debate, the stock market crashes again.

The 1% don't want that. They have us exactly where they want us. Over population of labor at rock bottom prices, while the stock market rests at the highest levels its ever been at. They don't want to do anything to change that.

They'll give a tiny bit to maintain the economy exactly where it's at.

[mick063]

3. There is always the French solution

Wall Street better be happy with their potential new taxes. The alternatives could be much worse for them.

Getting in bed with racists and religious nuts isn't helping their cause either.


All they have to do is what Reagan promised us what they would do. Trickle some of that vast wealth down. If they don't, then we will just have to tax it out of them. They failed the "honor code" so now they gotta live by a few rules.

[obxhead]

9. Well said.

We can only fall so far before the real occupy movement starts.

[Thinkingabout]

4. I heard the other day if the Bush tax cuts expire it will loosen Norquist grip.

This sounded reasonable to me, he will not be able to strong arm the oath signets and then maybe we can sit down and reason our way forward.

[Whovian]

5. Chicken Little scenario for WS just to milk it while they can.

[NYC Liberal]

6. "House Republicans could finally decide to be more cooperative"

I'm sorry, but... not gonna happen!

[WillyT]

7. Welcome To DU ToxMarz !!!

Glad ta have ya aboard !!!



& Rec !!!

[B Calm]

10. If Romney did win, I will

take my money out of the market!

[Wellstone ruled]

11. It's going to

be all about legacy and image for the Repuks. You will see posturing for the first couple of weeks in the Lame Duck,then Biden jumps in and checkmates his bud Mc TurtleNeck. Boner is toast,Cantor has lost his Creed,watch med western and eastern house Repuks take over. It ain't going to be pretty. Military-Industrial-Complex will get smacked as well as Ag department. Bush's tax cuts are toast and the Rethugs know it. The markets are going to take off just like 94'. Obama will be using Executive Orders just like Georgie did,the difference will be,all orders will be pro growth to jump start the U.S.economy.

The real action will be the Rethugs,if they still hold the House,will be toast in 2014 and be out of any type of power for as many as four generations. It's all in the numbers,as Grahamn said a couple of weeks ago,we're runnin out ah angry old white people. Enough said.