The economy is responding to the hints of Democrats taking over congress

[jsamuel]

(Consumer confidence skyrockets) http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x2144383

Oil prices falling.


The same thing happened in 2000 when Bush was "winning" the election, but in the opposite direction. The stock market is based on predictions and we know where predictions for congress is heading. People think Dems are going to take over, so oil is down and consumer confidence is up. Just watch the stock market take off if the Democrats win in November.

[liberal N proud]

1. What will happen if the repukes steal the election?

[jsamuel]

3. oil prices will go back up and consumers will get depressed again

[Parisle]

2. Well,...... Sort of,.......

---- The oil companies are responding to the "threat" of the democrats taking over congress. If they can swing a few votes with their manipulated prices, then it might make a difference in a few close races, eh?

[jsamuel]

4. oil companies don't set the price of oil barrels on the futures market

that is what I am talking about

[Jackpine Radical]

7. Oil companies can readily manipulate the futures mkt--

e.g. by blowing up a refinery.

[jsamuel]

9. hehe, yeah, or purposely reducing production

but that only lasts so long before foreign sources or other companies start making up for their shortfalls (or governments open up their reserves)

[Jackpine Radical]

5. What makes you think oil prices will stay down?

And, while I agree that in general Dem policies are better for the stocdk market, I don't anticipate any such immediate effect. There are certain disastrous trends, such as the bursting of the housing bubble, and all kinds of impending credit problems, that will need to play out before anything good can happen. Look for maybe a good, solid recovery in 2010 if we get Congress & the WH in 2008.

[jsamuel]

6. because they have been overinflated for way too long

the futures market was just reflecting the crazy speculation

[wryter2000]

8. Yup

I bought about $180 worth of stock. (What can I say? I'm rich. :evilgrin:) I'm so looking forward to it going up when the Dems take over.

[Warpy]

10. Maybe, maybe not

Don't forget that what's been holding this economy together is the housing market, and that is dead as a doornail. People can still leverage paper profits in the short term on the basis of inflated comps, but in doing so they risk losing everything.

Big investors may get out of bonds (which are due to drop) and rush back into stocks and risky hedge funds may become less attractive, but the projection is still for a major recession next year no matter who is in control.

If there's a huge recession, I sincerely doubt they'll be able to get away with blaming the Democrats. This is Stupid's economy and everybody knows it. We may see public opinion turn so sharply against this bunch that we'll be able to get rid of them ahead of schedule.

[teryang]

11. Corporate controlled markets and media depict goldilocks...

...economy for pure partisan political advantage at election time.

The financial sector readily controls futures markets, especially with cooperation of central banks.

If democrats take over in 2008, the markets will contract for a protracted period, while financial relationships distorted by unrecognized changes readjust and some semblance of fiscal discipline is restored. In other words, a bottom will be put in. In the interim, the markets move sideways, but will respond to interest rates, war risks and any other possible disruptions. Scary moves downward may occur in the next two years in response to scandals and war threats.

[AX10]

12. The only reason the oil prices are falling is that we have an election...

coming up.

[jsamuel]

14. futures market

[skids]

13. The stock market is doomed.

...Along with the rest of the economy. I fear Dems will end up with the blame for years of pollyannaism as it all comes crashing down.

Of course, then again, if the dollar falls fast enough stocks will look like they are climbing, just like has been happenning, and the population will be utterly unaware other than not being able to afford to eat. :shrug:

Hopefully somehow we can pull it out of the jaws of doom. A nice big alternative energy stimulus package might help.

[deaniac21]

16. Hmmmmm.....

[jsamuel]

18. good points

[skids]

21. Double hmmmm.

http://www.dailykos.com/storyonly/2006/7/31/14239/5181

[deaniac21]

24. I've made, on average, 21% on my investments over 30 years.

I no longer have to work because of this. Perhaps you will learn little boy.

[skids]

26. Good for you, golden oldie.

Count yourself lucky you are not among those who got raped on their 401Ks, or those who didn't make the right picks and managed not to beat the CPI.

[Sammy Pepys]

15. Well, it's also the end of the summer travel season..

And the stock market is a leading indicator, but there are A LOT of things that it's direction is based on.

But if you think the market is going to take off in November, buy now ;)

Not trying to rain on anyones parade, just trying to keep focused.

[jsamuel]

17. your right, I also told people to sell their oil a month ago and it was

good advice. They made out selling at 75, now it is at like 60.

[Sammy Pepys]

22. I gave mine away for free.

But it was only 4 quarts and needed to be changed anyway.

[jsamuel]

23. who did you give it to?

[Greyhound]

19. The shrub economy has just been one drawn-out repeat of the

BIG LIE strategy that bailed his old man out in 1987. The stock market crashed and the Fed blatantly lied to hold the market together through the holidays. It worked then and he has merely expanded and maintained the same strategy to hold it together.

None of the market makers has anything to gain by letting it "correct", so they've played their parts. The media is wholly owned and is being paid to falsify "good news" for the consumption of the sheeple.

If we really do win in November, it will be allowed to fall much faster than ir the re:puke: pull another successful coup, but either way the housing market has to keep going down as the paper equity is running out.

[Xenotime]

20. I think you are right...

I didn't really see it that way but now I see it from a different POV.

[Hosnon]

25. I hope you are right but even so...this is a GREAT thing to keep repeating