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Monday, November 5, 2012

Markets on edge for election day Here's what to expect if Obama wins, if Romney wins or -- worst-case scenario

I think this week's market results have been illuminating. Out of commission Monday & Tuesday... it borrowed Wednesday but couldn't get legs. It got legs Thusday but lost them Friday. Obviously, the acivity isn't for activity, it's for positioning. There are two funny posts here today: If Obama wins, pull your money. If Romney wins, pull your money. What money? Ben Bernanke over-printed the Dollar by a longshot. Some blame Obama- why didn't you stop him? Because, there are three types of currency now-- cash, debt contracts and derivatives. The latter two far exceed the first. Bernanke blew it when he convinced the Fed Board to maintain rock bottom loan rates. They should be exceeding 12% now. If they did, the stock markets would be dismal (rightfully so because the business platforms have no assets). No major business would have debt and all would be using cash to cover operations or filing for bankruptcy potection. The holders of the debt contracts would be negotiating OUT of them to get a partial cash return. Romney says he'll fire Ben Bernanke. He didn't say who would replace him. A Democrat? TWO Republican Fed Princes in a row has ruined us. We literally have to crash the Dow to recover cash to Main Street. We need to shutter Goldman Sachs and JPM in order to restore opportunity to Main Street. Whining about Obama's job creation numbers? The stock market has been on a roller coaster for the last 3 weeks. Vote Romney and the stock market will take off, vote Obama and the stock market will be a clusterf*ck for the next year. The people who make the stock market swing, don't trust Obama. Small business doesn't trust Obama ... the white middle class and white upper class doesn't trust Obama. So ... a vote for Obama is another nail in the economy's coffin and the stock market will follow where the economy goes.
If Obama is elected .... put your money in your matress and buy a good tent to sleep in!!
Personally, I have done terrific under the Obama presidency as far as my IRA, 401K and stock investments have gone. In fact, I have never done as well as the last four years. That being said, I am also one that believes that when a system has a foundation based on greed or profit, it must be tightly regulated or it will go amok. Libertarians and many republicans will disagree, but then again, de-regulation, which allowed so called independent rating agencies such as Fitch, Moody's and S&P to deliberately lie, rate junk mortgages AAA and send the country off the cliff, needs to be tightened and regulated much more severely than it is. Romney doesn't want that. That scares me. John Corzine, a democrat, who used deregulation to lose over a billion dollars out of his company and have no idea where the money went is proof. Bernie Madoff could not have done what he did were it not for continual pressure to deregulate starting from the Reagan administration moving forward. Not being a big fan of Obama, I am also a realist. Right wing deregulation policies collapsed our economic system into nearly a full depression. This will not get fixed overnight, as it took FDR many government programs including WPA, tighter regulations on banks and brokerage firms, CCC, over 15 years and a World War to get us out of the depression. Nearly all jobs during WWII were govt. or govt. related jobs . 4 years is far too short of time to expect the economy to flu****elf of the deregulating damage that sent us into collapse in 2008. Credit defaut swaps are still everywhere. Few of the crooks got put into jail or indicted for their theft under Obama, but even less would be held accountable under republicans or Romney. It doesn't look pretty in the future. Tax rates are far far too low. I was at a senior seminar the other day showing old folks with $65K/year in SS and pension checks and federal taxes of only $2200. That is only 3% taxes. We can't operate with most of the people paying little to nothing in taxes and parties thinking we need further tax cuts. Under Eisenhower and Kennedy, the top tax rate was 90%, but the govt. was not creating such debt from lack of funding.Obama is a socialist out to ruin the USA and spread our wealth to third world countries He needs to be stopped any way possible this man has no idea how to improve our economy And he did not get Bin Laden the military and CIA did and that was put into motion by BUSH Obama has done nothing but increase our debt and cozy up to Muslim radicals maybe the Israeli's should deal with him as the enemy he is BETTER DEAD THAN RED
How many FAMILY-SUSTAINING jobs has the Business and Financial sectors created or recovered in FOUR years? ZERO. Monday is the big sell-off day. Election Day marks TWO YEARS under the dismal governing of Rick Snyder. He's the guy who said he was a great "job creator" but sold his Gateway computer company to a Asian firm and fired all 30,000 Americans. He got rich off the cumulative pile of effort those people put forth, not because he was particularly genius. SINCE governing... he signed a no-helmet law for motorcycles that has raised applicable insurance rates and legalized fireworks. Last 4th of July was pretty much as loud and lethal as any war zone in the 3rd world. MANY cities have banned that legalization because the cost to police what amounts to military-level ballistics isn't in the budget. Snyder is using State Tax monies to undermine businessman Manny Maroun who owns the Ambassador Bridge. Synder wants to build a new bridge without public approval. There is a Constitutional Amendment Proposal on the ballot attempting to thwart Synder's audacity. He says he's going to built it even if We the People say NO. Synder hasn't created ANY jobs. He has not RECOVERED any jobs. He stole MILLIONS due the City of Detroit and forced an Emergency Financial Manager on that city. Police work 12 hour shifts up to 7 days a week. There isn't any EMS vehicles and ALL Emergency Service Personnel took massive pay cuts.

Here's hoping you understand, America... Snyder is a rich college-educated administrator. He's not a wise or competent government Official. He is EXACTLY THE SAME kind of guy that Romney is. He talked a good enough game to snow a lot of Michiganders into voting for him. NONE are benefiting from his term. In Massachusetts, Romney trails Obama by 31%. That's the people in the state he governed... telling him they have no faith in him. It's not a game. They cannot rig the outcome and rake in profits that go offshore. They have to DEAL WITH today's issues. They are severe. All I ask for is a fair chance, I'll take it from there. I don't want a Party of NO in Congress or a rich manipulated divisive vindictive creature in the White House. Just a level playing field. I will be voting Obama a second term so I can keep my small business momentum going. I have decades of corporate experience but am blockaded from my own career field by- Republicans who gave to Super PACs but NOT to American Families. The only GOOD Republican is out here earning it the same way the rest of us are. All others are Elitists. I am not a paid political poster or a card-carrying anything. I am an anti-Republican tired of getting tread on. The entire GOP just spent 4 years suppressing President Obama and he STILL made Progress. Imagine what he can do with our support and a cooperative Congress? That's what I AM voting for!!!. Selling off gives regular people the best chance to recover some portion of their savings and retirement. The nation cannot exist with administrators, paper and button pushers earning outrageous pay and the labor class living out of dumpsters. Tuesday's election was determined a long time ago. America is wholly polarized. If there isn't a flush out of stonewallers in Congress, then we crash. Simple as that. President... whichever. Congressional cooperation. It's our only hope.
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