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(facepalm) Forbes: How to Profit From Gingrich Call For Social Security Opt Out

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deminks Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 08:43 PM
Original message
(facepalm) Forbes: How to Profit From Gingrich Call For Social Security Opt Out
http://www.forbes.com/sites/benzingainsights/2011/11/22/how-to-profit-from-gingrich-call-for-social-security-opt-out/

Financial sector stocks could be given a boost if Republican presidential contender Newt Gingrich gets his way.

The former House speaker, who has been rising in the polls, says that he wants to allow Americans to opt out of the Social Security system and place funds into personally managed retirement accounts at private institutions. The idea isnt new but it should get more attention if Gingrich continues to move up in the polls.

(snip)

If Newt Gingrichs poll numbers continue to rise, investors should take a closer look at stocks like Charles Schwab (NYSE: SCHW) and Morningstar (NASDAQ: MORN) or the ProShares Ultra Financials ETF (NYSE: UYG). If Gingrich manages to win the Republican presidential nomination, the idea of moving away from the Social Security system will be up for debate. Just the possibility of hundreds of billions of dollars flowing into private retirement accounts could push many stocks in the financial sector higher.

If Gingrich manages to win the Republican presidential nomination but loses the general election, the Direxion Financial Bear 3X Shares (NYSE: FAZ) could see its share price surge higher as speculators pull out of financial stocks.

(end snip)


"Just the possibility" of a fat ass calling for billions of dollars ponzying through Wall Street could push stocks higher. Kiss your SS goodbye. Merry Christmas, Uncle Scrooge.
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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 09:28 PM
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1. It is always about the financial industry getting richer. When there is never a policy
for those in the middle or working class. It just never makes the GOP agenda. Government bought and sold by the 1%.
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Gidney N Cloyd Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 09:50 PM
Response to Original message
2. They sure like to conveniently ignore the 'three leg stool' concept, don't they?
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