Wall Street Sets Its Eyes on Election Day
Wall Street likes certainty.
If the polls are correct, the markets will be in for a ride tomorrow and the day after if the unthinkable happens: a clear winner will not be determined on Election Day. It will be 2000 all over again.
The big “O” will determine the outcome. And, no, it’s not Obama. It’s Ohio.
Both candidates are making campaign stops in the Buckeye State with the hope of convincing last minute undecided voters. Every vote will count, including the more than 200,000 provisional ballots that have been cast. Those ballots don’t get counted until after the election. Obama has a slight lead in the polls, but anything can happen.
If either President Obama or Governor Mitt Romney can secure 270 electoral college votes without Ohio, then the markets will be at ease the following day. However, if the presidency is still in limbo, Wall Street will reflect the uneasiness around the country.
Stay tuned.
Wall Street Braces for Greece’s Exit from the Euro
Wall Street’s eyes will be focusing across the Atlantic this week as Greece prepares to exit from the Euro. As European banks continue to craft solutions to keep Greece in the Eurozone, American banks and corporations are preparing for what appears to be an inevitable reality.
Facebooking the Market
Facebook is about to overwhelm Wall Street this morning. With an opening price of $38 and millions of orders, a lot of activity is expected.
Millionaires will be made today, and the excitement is likely to continue beyond.
Stay tuned for more.
Goldman Sachs Gets Sacked by Former Executive
One word: Wow!
This public resignation is sure to cause a lot of chatter on Wall Street.
Santa Rally?
With the New Year approaching and the payroll extension signed by President Obama, some speculate that Wall Street will have a rally today.
Stay tuned to see how the market performs.
How Will the Markets React on Cyber Monday?
The early sales reports from Black Friday dispel the gloomy announcements of the state of the American economy. Americans spent more money on Black Friday than was anticipated.
How will the markets react at the opening bell on Cyber Monday?
Let’s find out.
Super Failure on Wall Street?
The imminent failure of the Joint Select Committee on Deficit Reduction has already affected the Dow and a debt downgrade is plausible.
Legislation is being drafted to prevent the automatic cuts from taking place, but U.S. Capitol insiders, including House Speaker Boehner, will not prevent the cuts from being implemented.
Stay tuned to see how the markets react.
Occupy Wall Street and Beyond
The “Occupy” movements are spreading throughout the country. Protests continue on Wall Street and recent comments by President Obama will probably encourage more activity. The “Tea Party Left,” as some commentators have identified the protestors, are frustrated with the economy and corporate policies.
Stay tuned for more.
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