Discussion in 'Economy' started by freeandfun1, Nov 3, 2004.
Stocks Skyrocket as Wall Street Welcomes Bush Victory
Oil drops below $50
I hope the stock market and economy continue to do this and that the price of oil will fall some more. This will really hit home to those liberals who criticized Bush for the economy and rising oil prices.
One thing that I do expect and that we need to understand will most likely happen (cuz the libs will try to use this in `06 and `08 against us) is that housing prices will, most likely, drop quite a bit.
There are a number of reasons, but here is my thoughts on why.
1. As the economy hums along, the feds will raise rates to control the rate of growth (we have to avoid inflation)
2. The housing market has boomed over the last four years because people took their money out of the market and put it into real-estate since you can't make more dirt and the market was more than lack-luster. Now that the markets will start humming again, a lot of people will take their money out of real-estate and put it into the market where they will be able to make better returns and they won't have to worry about 1031 exhanges, etc.
3. Over the past year, the housing market sky-rocketed in anticipation of a democratic win. There will now need to be a slight adjustment.
In place like Vegas (where I live) housing prices will continue to climb at 3-5% per year, but that is a far cry from the 52% growth in housing prices we had last year.
I'm telling you, the high-tech industry is doing quite well right now. I work with a lot of head-hunters and the salaries being offered are the most in years and there are a LOT of openings. A lot of the growth in high-tech is in the R&D industry and in defense, but as happened in the past eventually that stuff will get commercialized and there will be another major high-tech boom in about four to six years (about the length of the cycle to go from military to commercial). Therefore, we have to make sure the GOP wins again in `08 or it will be like 1992 all over again and when the economy takes off, the Dems will get the credit (as Clinton did) for the efforts of the GOP.
JMHO and 2 cents
Yes, growth has been excellent for us !!!
what segment are you in? I work with fiber and high-reliability RF and MW components....
Did anyone catch what happened yesterday to Wall St?
Apparently when Wall St got a whif of early exit poll data the market plunged, and then recovered when the truth behind the sampling of those polls came out.
Yep.... I noticed that!!!
I'll bet if you plotted a graph, market activity vs. Kerry's poll numbers from nomination to election, you'd find a very telling correlation.
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Yes, it was Win, Win, for G.W. and Senior and their interest in The Carlyle Group
Oh and the pharmaceuticals rallied pretty big, another win for Bush Oh, and Dick Cheney too.
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