Are the Markets Pricing in an Obama Victory?

Now all you Obama haters can kiss my ass!! He is now your president whether you like it or not!

wow, looks like a bunch of oreillyfactor.com people decided to blitz current.

Really though... you guys have nothing better to talk about than slandering Obama... it's a good reflection of the McCain campaign! Slander the other guy instead of talking about why we should vote for him. They were worried they'd lose if they talked about the economy, now they'll lose cause all they could do was play dirty out of desperation... and all this after McCain came into the race promising a clean campaign focused on the issues. What a joke!

McCain/Palin ~~~ #1 all the way!!!

You're trying to tell me that Obama's a complete socialist, but you can't name any specific policy points of his campaign because you don't believe what he says. What kind of an argument is that? What biased books have you been reading??

So do you support McCain?? What about his terrorist ties with G. Gordon Liddy and Charles Keating?

Charles Keating is an economic terrorist who cost the public $3 billion dollars with the help of McCain.. He has also donated $10,000 to McCain's campaign.

G. Gordon Liddy is a convicted domestic terrorist for his involvement in the Watergate scandal. He has also made more recent terrorist-like comments concerning the proper way to kill ATF agents.

Well, I don't believe anything McCain says yet there are plenty of points I can make about his proposed policies.

First, it's obvious that McCain caters to the top tier earners (top 1%) of America while acting like that applies to everyone. He is still a believer in the failed theory of trickle-down economics.

I completely disagree with his proposal to immediately build 45 new nuclear power plants with another 55 to come.

I also disagree with him saying we need MORE deregulation of the markets after the fact that he himself was involved in the Keating 5 scandal and our current economic crisis stems from a lack of regulation and oversight.

I also don't like his aggressiveness when it comes to relations with the middle east and I am afraid he will lead us into yet another costly war that will completely destroy whatever world credit we still have left if not leading us into all-out WW3 and a devastating nuclear war. After all, he has earned the name Hot-Head McCain and I'm confident his reputation will have an effect on his ability to deal with foreign nations.

McCain would be a huge mistake for America, especially in the wake of our two-term walking disaster of a president, Mr. Bush.

I'm putting my faith in a man who I believe has integrity and the best interests of middle class America in mind as well as the rest of the world. More importantly, the man who is currently kicking John McCain's ass with a forcasted DOUBLE the electoral votes of McCain.

Anything's better than 4 more years of Bush!

Yes, and do you ever read past the first line in any of my posts? He could say he was paving the nations freeways with rock candy, and I wouldn't believe him, he is a pathological liar. And all his mentors were either Communist or Terrorist or Racists. Saul Alinsky and Frank Marshall say it all. Wake up!!! Believe his lies if you want. But don't question my education and knowledge just because you are so infatuated with him that you have lost all judgment!!!

oh for gods sake, stop arguing! WHOEVER gets elected has A LOT OF SHIT to start cleaning up and it isn't going to take one night to make things squeaky clean NO MATTER WHO gets the position!!! lets just hope it happens quickly and with the least roadblocks.

Do you even understand what a true socialist is? What exactly about Obama's proposed policy changes do you think is any more socialist than a lot of what we already have (medicare, social security, welfare, public schools, most other public services).

Really I'm curious to know exactly what you think you're talking about!

Yeah, Obama is a CAPITALIST. All the money he made under the Bush administration proves that. It is just that he wants us to be SOCIALISTS. And, he plans to bankrupt the coal industry, in his own words. Which will drive electricity prices through the roof. He is a WOLF in sheep's clothing!!!

WAKE UP!!!!!!

For your information the Socialist party has it on the record that Obama is actually a Capitalist like John McCain. All your republican BS about Obama being a socialist or marxist is completely flawed logic based on lies and exaggerations.

I am not talking anything like that, I am just saying to get what he want's our capitalist system has to fall. If he gets in he will make it happen with YOUR help. History repeats itself.

Why are we talking about the markets like they are just a depressed person and simply "cheering" them up will make a difference??

There has been major structual and fundamental damage done to the markets. Regardless of how "cheery" those traders are there are still too many financial issues to count that stand in the way of a stable market.

And to all you Obama haters, grow up and pull your head out of your ass! You have been brainwashed! Unless you liked the last 8 years of the Bush administrations complete annihilation of our constitution and world standing, you should be saying "NO McSAME!!!"

Obama fashions himself as a modern day Fidel, and has a lot of losers that are apparently going to back him. Well we have fought for FREEDOM on our own soil before. Might as well do it again.

Great time to protect yourself with gold or silver. Coins have held steady in this market drop.

NOBAMA not Now, Not ever!!!

What could be less reassuring to the markets than the perceived inevitable election of the very party which played a large role in triggering the entire housing crisis? As ALG News Bureau highlighted last week, columnist and author Orson Scott Card had the following to say:

“Instead, it was Senator Christopher Dodd and Congressman Barney Frank, both Democrats, who denied that there were any problems, who refused Bush administration requests to set up a regulatory agency to watch over Fannie Mae and Freddie Mac, and who were still pushing for these agencies to go even further in promoting sub-prime mortgage loans almost up to the minute they failed.”

Despite the economic blood on the Democrats’ hands, the American people are being led to believe that Republicans, John McCain and the free-market ideology are to blame. Socialists and economic central planners want to convince the American people that even more Big Government policies are the solution and that capitalism has run its course.

The markets, however, have not bought this false narrative.

With every drop in the Dow Jones and every foreclosed home, the markets are telling us something: In particular, it’s telling the government to slow down its intervention. To pause to consider its moves to nationalize banking. And the mortgage industry. And now insurance companies.

We are socializing risk. And the markets are telling us that they don’t like it.

It’s about time we listened.

William Warren is a contributing editor of ALG News Bureau.