Gigolo Jason
10-07-2006, 08:12 PM
I've always questioned how anyone can be a "CAPITALIST" and vote Democrat. My wife’s family makes tons of money, but surprisingly considers themselves Democrats (not left wing). It must be because her father is trial lawyer from New Jersey and he chooses his party based on his pocketbook. I am glad that my wife sees things my way and that her parents and sister live across town and are not closer.
Like it or not, how the Congressional elections turn out will affect the economy and investments. For what it is worth, here is an article about Wall Street outlooks.
Updated: 2006-10-06 14:57:09
Wall Street Weighs Congressional Election
AP
NEW YORK (Oct. 6)- Wall Street strategists may be as nervous as House Republicans about the upcoming Congressional election.
As the scandal following Rep. Mark Foley's resignation from his Florida seat amid allegations of sexual advances toward underage Congressional pages reaches the highest ranks of Republican Congressional leadership, Wall Street is starting to handicap the odds of the Democrats winning one or both houses of Congress.
Merrill Lynch said in a note Friday that the odds of the Democrats taking control of the House are "excellent" and put the odds of the Democrats taking control of the Senate at 50-50.
What's in store if that happens?
"Tax hikes, protectionist, pro-labor populist policies favoring the proletariat at the expense of the capitalist, the war on terrorism and lots more are at stake.... since this will also set the tone for the presidential elections of '08," wrote David Rosenberg, Merrill Lynch's North American economist, in a report Friday.
Prudential Equity Group, in a report Friday, put the odds of a Democratic House takeover to two in three and gave the Democrats a 45 percent chance of taking the Senate.
Prudential broke out two categories of stocks: those that would be shocked by a Democratic majority and those that would be stoked.
A Democratic win would pose the highest risk for pharmaceutical, managed care, large oil, defense and student loan companies, Prudential analyst Charles A. Gabriel wrote.
But it would boost Fannie Mae and Freddie Mac , the federally chartered companies that buy hundreds of millions of dollars from mortgage lenders and package them for resale, Gabriel wrote. Both Fannie and Freddie have long had friendly relations with Democrats.
If the Democrats win only one house, gridlock could ensue, he wrote. While Pres. Bush could veto any unfriendly legislation on pharmaceuticals, energy and student loans, "Nevertheless, we view the forecast for stormier political risk noises as unwelcome news for investors in these and other key sectors, if not the markets at large."
Like it or not, how the Congressional elections turn out will affect the economy and investments. For what it is worth, here is an article about Wall Street outlooks.
Updated: 2006-10-06 14:57:09
Wall Street Weighs Congressional Election
AP
NEW YORK (Oct. 6)- Wall Street strategists may be as nervous as House Republicans about the upcoming Congressional election.
As the scandal following Rep. Mark Foley's resignation from his Florida seat amid allegations of sexual advances toward underage Congressional pages reaches the highest ranks of Republican Congressional leadership, Wall Street is starting to handicap the odds of the Democrats winning one or both houses of Congress.
Merrill Lynch said in a note Friday that the odds of the Democrats taking control of the House are "excellent" and put the odds of the Democrats taking control of the Senate at 50-50.
What's in store if that happens?
"Tax hikes, protectionist, pro-labor populist policies favoring the proletariat at the expense of the capitalist, the war on terrorism and lots more are at stake.... since this will also set the tone for the presidential elections of '08," wrote David Rosenberg, Merrill Lynch's North American economist, in a report Friday.
Prudential Equity Group, in a report Friday, put the odds of a Democratic House takeover to two in three and gave the Democrats a 45 percent chance of taking the Senate.
Prudential broke out two categories of stocks: those that would be shocked by a Democratic majority and those that would be stoked.
A Democratic win would pose the highest risk for pharmaceutical, managed care, large oil, defense and student loan companies, Prudential analyst Charles A. Gabriel wrote.
But it would boost Fannie Mae and Freddie Mac , the federally chartered companies that buy hundreds of millions of dollars from mortgage lenders and package them for resale, Gabriel wrote. Both Fannie and Freddie have long had friendly relations with Democrats.
If the Democrats win only one house, gridlock could ensue, he wrote. While Pres. Bush could veto any unfriendly legislation on pharmaceuticals, energy and student loans, "Nevertheless, we view the forecast for stormier political risk noises as unwelcome news for investors in these and other key sectors, if not the markets at large."