Wall Street rises as end of election brings relief

Nov 4, 2008 | Posted by: Top Ex Ed | Full story: www.reuters.com

Stocks climbed further on Tuesday as the presidential election got under way and investors picked up shares trading around five-year lows.

Strong earnings from MasterCard Inc and Archer Daniels Midland Co improved optimism about consumer spending and pricing power even as data points to a worsening slowdown.

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1 - 15 of 15 Comments Last updated Nov 6, 2008
towhatpurposel

Cagayan De Oro City, Philippines

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#1
Nov 4, 2008
 

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whilr the feds lowered rates, visa master cards charges 18 to 24 percent. i cancelled mine when they started gettin nasty.

“losers nit pick on topix”

Since: Jul 07

Earth

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#2
Nov 4, 2008
 

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i cut my credit cards in the 90's. they will milk you dry with interest rates alone.

“Tell the Truth”

Since: Nov 07

Orlando, Florida

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#3
Nov 4, 2008
 

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Cancel them all. Learn to do without credit. The only folks getting benefits from credit cards are the credit companies.

“I'm not your friend, buddy.”

Since: Apr 08

Amarillo, TX

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#4
Nov 4, 2008
 

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I have 2 cards, both with limits below 1000. Coming out of an 11,000 dollar debt, I only try to use what I have for emergencies. My life is not only virtually debt-free, its also stress-free.

“Snooze you lose”

Since: Mar 07

Sunnyvale, CA

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#5
Nov 4, 2008
 

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Wow! Wall Street doesn't know for sure who will be president, but they know it won't be Bush.

Since: Oct 07

Tacoma, WA

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#6
Nov 4, 2008
 

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Journalistic sensationalism brings us to the conclusion that politics has an overriding influence on the markets. Bull.

Look for these newly arrogant Democrats to borrow massively to stimulate an economy that is already ready to boom from "economic stimulation" checks sent to millions of Americans and $700 billion for banks. All of which is borrowed from our foreign adversaries. Which puts upward pressure on our dollar by coaxing them to buy dollars to lend to us, making our exporters poorer and chasing jobs to those foreign adversaries.

“Tell Me More”

Since: Oct 08

East Hartford

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#7
Nov 4, 2008
 

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Nice to see a rise, but I won't bet on it lasting for long. As long as the " Drama King " is still in that office anything can happen. He still has 12 weeks to come up with more stunts. He will do everything he can to sabbatage the economy if Obama gets elected. He knows it will be impossible for Obama to get his programs started with any more crisis in the economy. Take my word for it, He's not done. He has panicked this nation & the world too many times already, he knows exactly how to do it again.

“EVOLUTION IS EXTINCTION”

Since: Aug 07

MARIETTA, GA

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#8
Nov 4, 2008
 
getting old fast wrote:
Nice to see a rise, but I won't bet on it lasting for long. As long as the " Drama King " is still in that office anything can happen. He still has 12 weeks to come up with more stunts. He will do everything he can to sabbatage the economy if Obama gets elected. He knows it will be impossible for Obama to get his programs started with any more crisis in the economy. Take my word for it, He's not done. He has panicked this nation & the world too many times already, he knows exactly how to do it again.
Spelling error aside, is it your contention that President Bush is intelligent enough to yank the economic chain? Your exact words were, "He will do everything he can to sabbatage the economy if Obama gets elected."

Most of the topix talkers consider Bush to be quite a flake. He's not as flaky as Gore and Kerry! Is he?
Seeking truth

Dearborn Heights, MI

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#11
Nov 4, 2008
 

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YES WE CAN!!!!
Piethrower

Myrtle Beach, SC

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#12
Nov 4, 2008
 

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Sell! Sell! Sell! Obama is coming! Run!
lol

Houston, TX

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#13
Nov 5, 2008
 

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China not very happy...

Obama’s Victory May Bring Misfortune to
“Made in China”

http://watchingamerica.com/News/10197/obama%e...
Seeking truth

Dearborn Heights, MI

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#14
Nov 5, 2008
 

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lol wrote:
China not very happy...
Obama’s Victory May Bring Misfortune to
“Made in China”
http://watchingamerica.com/News/10197/obama%e...
That's a GOOD thing. We want our jobs back here. We want SAFE food, drugs, and products. We want an end to slave labor and unrestricted pollution.
PizzedOff

Myrtle Beach, SC

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#15
Nov 5, 2008
 
Market continues to plummet! Call Obama when you need him. Otherwise just make more money to hand over to the government.
Bigger picture

Lawrenceville, GA

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#16
Nov 6, 2008
 

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workerbeedrone wrote:
Wow! Wall Street doesn't know for sure who will be president, but they know it won't be Bush.
The stock market tanked yesterday with the announcement that obama had won the election. The assault on American business and the taxes about to arrive for the middle class will wreck the economy for years to come. The first 6 years of Bush gave us the highest stock market in history and very low unemployment.
The Democratic majority in Congress during the last two years has ruined stocks, credit markets, and employment. Congress has spent the last two years putting America further in debt with one social program after another. The recent enhanced GI Bill is unaffordable.
2/3 of the American budget goes to entitlement programs and that will increase under obama. The unaffordable costs of Medicaid is a harbinger of the costs of national healthcare.
Community Service

Lawrenceville, GA

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#17
Nov 6, 2008
 
Seeking truth wrote:
<quoted text>
That's a GOOD thing. We want our jobs back here. We want SAFE food, drugs, and products. We want an end to slave labor and unrestricted pollution.
obama isn't going to give you a job.

You could volunteer for obama's call for national service to redistribute the wealth, do good deeds for ungrateful poor people in New Orleans, and provide a domestic Peace Corps.

obama does understand that America was built on the backs of CHEAP LABOR and now he wants Americans to work for NOTHING. If you buck the trend and continue to seek wealth and success, obama has a new tax plan for you.

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