Budget talk optimism spurs Wall Street rally

Comments (8)
Harry079 wrote:

“on signs of progress in talks to”

The sign says long haired freaky people need not apply….

Nov 19, 2012 11:29am EST  --  Report as abuse
Eric93 wrote:

‘We will have to wait to see what news come’s out of Washington’, they say. Hahahaha. Just more BS to jerk the markets around to ensnare and fleece some more suckers.

Nov 19, 2012 11:51am EST  --  Report as abuse
divinargant wrote:

Ironic (or is it?) that the market ramp up happens just as these clowns leave town for the holiday….turkeys!

Nov 19, 2012 1:41pm EST  --  Report as abuse
JoeObserver wrote:

The US election has exposed the bitterness between the two parties. While Republicans claim Democrats used negative campaigning to win the election, Democrats claim Republicans are too orthodox and do not identify with the Joe Public.

I doubt the fiscal Cliff talks will yield anything. Bipartisanship will be things of the past.

Nov 19, 2012 2:58pm EST  --  Report as abuse
AlkalineState wrote:

“Wall Street bounces on hopes for budget talk success”

Two questions:

1) What does the budget have to do with Wall Street?

2) How do you measure the sucess of talk?

Wall Street is dying. It’s making itself less relevant every day.

Nov 19, 2012 3:53pm EST  --  Report as abuse
americanguy wrote:

More market manipulation by the wealthy, and their Republican cronies in Congress.
It’s that simple.

Nov 19, 2012 4:29pm EST  --  Report as abuse
americanguy wrote:

More market manipulation by the wealthy, and their Republican cronies in Congress.
It’s that simple.

Nov 19, 2012 4:29pm EST  --  Report as abuse
mikemm wrote:

There’s also talk that a lot of very wealthy investors might take their gains this year in the event that capital gains rates or a alternative minimum tax could reduce them in the next tax years.

I hope we’re not seeing the beginning of a pump and dump operation.
That would make gains more attractive to sell before year end and losses more attractive to hold until the rates go up.
But, if there is a big sell-off in either case, that will just make the stock prices attractive to bring people rushing back in again since it’s better to pay more on a gain, than to pay nothing on no profits at all.

Still, I’d like to be optimistic and think we’re finally seeing the recovery taking hold. There may be a few short time adjustments due to tax changes, but the overall five to ten year out forecasts should look very promising for anyone getting in early or staying in.

Nov 19, 2012 5:18pm EST  --  Report as abuse
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