Any thoughts as to what happens with the market the day Obama takes office? I would think it goes up  a bunch

Throughout history those who had the highest manufacturing output per capita enjoyed the highest standard of living, highest property values, etc. The USA 's manufacturing output per capita has been steadily declining for years. Blue collar America has also been on the decline (due to the fake credit bubble many of us just didn't know it). Now we have the American workers who build the car, but can't afford to buy the car, new house, etc. Are the even lower paid Chinese, Hispanics, etc. going to buy the new  automobiles that they manufacture? No matter how much the federal government pumps up the deficit with stimulus, rate cuts, etc., what will Americans buy (what jobs will be created) with the extra stimulus? Sending more dollars to China on another new television, sending more dollars to Japan on another new car, etc. How does that help in the long run? The stimulus certainly seems necessary to try to stave off rising US unemployment temporarily, but ultimately, America will either increase manufacturing output per capita (with American worker wages that can afford to buy the products they produce, a new house, a new automobile, a college savings fund for their kids, etc.) or we won't. We will either increase the American middle class standard of living with real wages and not just some pumped up fake credit bubble, American service economy or the American middle class standard of living will continue to decline. In the long run, it is either as simple or as impossible as that. If America collapses entirely economically, what will that do to the entire world economy? Probably not to good for anybody in the world, whether rich or poor. Hopefully, President-elect Barack Obama and the current leadership in America can lead us in a better direction (we, as a nation certainly can't keep going in the same direction with the same old policies, attitudes, and practices that got us here can we?) , and not just the government for the corporation, by the corporation, of the corporation, etc. Their certainly is a place in capitalism for honest, efficient, well run, longer term profits thinking corporations, but please tone down some of the excessive corporate greed, before we are all doomed as a planet from the very significant contribution by this one of seven deadly sins.

USA is screwed.

 

USA is a fat, lazy, soft, greedy country today------just like the big, fat schoolboy who got away with stuff in early grades and then got his sorry ass kicked in the later grades, and today's absolutely abominable economy won't be "fixed" any time soon.

 

What happens when Obama takes office?  Same as usual------a bunch of talk that gets nowhere.  The media will do everything to cheerlead about "hope," and then when the grim, vicious, bitter reality sets in after the hoopla dies down, the economy will get worse and "the markets" will get sold off to eventually DOW 5800.

 

Only thing positive about the future is the rampant pessimism running amok.

i was just thinking that the market would go up the day he takes office because Americas investors cheer on positive news that doesnt mean shit, and then panics on negative news that has nothing to do with a particular stock. And even though i dont like Obama or want him to be our president, it is a change and right now change is a good thing.

It has been down big since election day=no way it goes up

Tomorrow, or any next day is a crap shoot in this market and will have nothing to do with his swearing in.