On 11/07/2012 10:31 AM, Michael Oke wrote:
Leland,
Defense industries should be fine as Obama claimed that the proposed massive
cuts wouldn't happen. Or is that not what he said in the third debate?
This doesn't have anything to do with the Budget Control Act of 2011,
scheduled to go into effect at the end of 2012. Democrats and
Republican must still come together to avoid this fiscal cliff.
http://bonds.about.com/od/Issues-in-the-News/a/What-Is-The-Fiscal-Cliff.htm
It seems the stock is down today; because, it's calibrating to Governor
Romney losing the election.
Governor Romney wanted to tie defense spending to 4% of USA GDP, which
calculates to about a 25% increase in defense spending over current
levels. This would have increased defense contracts with the military
Industrial Complex, (eg companies like Lockheed and Boeing)
significantly, costing taxpayers, or the deficit, trillions of dollars
over the next 10 years, while padding the pockets of the Military
Industrial Complex.
Regards,
LelandJ
This would increase in many more contracts have resulted in trillions
of dollars As for 'clean' energy, what a farce. Billions flushed down
the toilet with zero benefit for American consumers, unless you consider
a bill a benefit. Michael Oke, II 661-349-6221 Contents of this and all
messages are intended for their designated recipient. On Nov 7, 2012, at
8:27 AM, lelandj <[email protected]> wrote:
On 11/07/2012 09:22 AM, Michael Madigan wrote:
America loves 4 more years.
http://finance.yahoo.com/q;_ylt=Ah5H5txzIYQhxMiFLaAP.FOiuYdG;_ylu=X3oDMTIyMGRkaG9uBG1pdANGaW5hbmNlIEZQIE1hcmtldCBTdW1tYXJ5IDIEcG9zAzUEc2VjA01lZGlhUXVvdGVzTWFya2V0U3VtbWFyeQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3?s=^dji
I listen to Bloomberg radio over a SiriusXM internet connection. Bloomberg radio was a
big time supporter of Governor Mitt Romney, as were the vast majority of Wall Streeters,
many of whom contributed large sums of money to the Romney campaign. They saw Romney as
their "Great White Hope", and structured their portfolios accordingly.
I imagine many of these folks are scramble to calibrate their portfolios
towards stocks that are likely to benefit over the next four year of President
Obama Leadership.
Stocks likely to fall out of favor are defense contractor, (eg the Military
Industrial Complex), dirty energy companies that deal in coal, etc., banks and
other financial institutions that will be regulated to protect consumers, etc.
LOL
Regards,
LelandJ
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