How will the election affect the stock market?
March 31st, 2009 | by Michael |
mike r asked:
What are the views on the stock market of Obama and McCain?
XAVIER
What are the views on the stock market of Obama and McCain?
XAVIER
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8 Responses to “How will the election affect the stock market?”
By Ron U on Apr 3, 2009 | Reply
Any answer to this is a WAG (Wild A– Guess). My guess is that if McCain is elected, there will be more of a bias towards business and the stock market will be more bullish. If Obama is elected, business will be taxed more and, therefore, will not do as well. Hence, the market will be more bearish.
By something stinks on Apr 6, 2009 | Reply
Obama wants to raise capital gains tax which should result in a decline in stock purchases.
By thomas p on Apr 8, 2009 | Reply
Obama has pledged to raise taxes. This would include capital gains on stock trades or investments. Some experts say that he does not really intend to raise the tax on capital gains. Since Obama seems to be the people’s choice, I am going to 50 percent cash. A McCain upset would be a positive for the stock market as he has pledged to leave capital gains taxation at its present rate. I would not consider the bear market to be near its end.
By Desk3Bound on Apr 9, 2009 | Reply
Two days after President Kennedy was shot the stock market went up.
By SMF Trader on Apr 11, 2009 | Reply
If Mccain wins the market is spike very quickly on short covering, then rollover. If Obama wins we’ll gap down and start selling off hard and likely will rebound but only slightly.
By Barry R on Apr 11, 2009 | Reply
Obama has repeatedly talked about expanding wind and solar energy. These stocks will benefit if he gets elected.
Wind:
Solar:
By Amber J on Apr 13, 2009 | Reply
You will most likely see the market erase most of this week’s gain if Obama wins. His windfall profits tax, defense spending cuts and views on the capital gains tax will have a negative effect on the market.
Investing this week will be interesting. I recommend viewing this article. There are a few good tips on where you should invest your money this week.
By cdrr_98 on Apr 15, 2009 | Reply
the standard answer is that if the repub is elected the market goes up, if the dem is elected, down…in actuality, the market has historically done better during dem administrations than repub…here is some data for you: