Barrow Bits

The Coming Obama Rally in Stocks

I have been writing about how I believe the stock market will rally after the election of Barack Obama.  Here is another opinion:

http://finance.yahoo.com/tech-ticker/article/104362/Embracing-Obama%3A-Market-Warms-Up-as-Election-Nears

 

Measure of a Man

I have endorsed Barack Obama for president and I am very anxious to cast my vote for him.  The other day there was an interview on television and Katie Couric asked both Obama and McCain what they would like on their tombstones.  McCain went on and on with one platitide after another about serving his country and blah, blah, blah.  Obama simpley stated, "he was a good man.  a good husband and father".  Tells you alot about the man.  He will be a great president.

Fox News Nosedive

Regular readers of this blog are aware of my contempt for Fox News -better known as Fuax News.  Now there is some really good news.  The ratings for both Bill O'Reilly and the most obnoxious person in the universe -Sean Hannity are in a nosedive.  Recent data shows that both of these windbags are being beaten in their timeslots by Keith Olberman and Rachel Maddow.  How the mightly have fallen!!  People must finally be getting wise to these creeps.

Is it for real???

Yesterday's market surge was a welcome relief for investors, but the question today is, will it last?  The Fed is expected to lower interest rates today, which was probably discounted already in Tuesday's move.  However, the volume was very light yesterday and in reality there was little conviction in the move.  I look for the market to retreat today.

Obama for President

Since I have been able to vote I have never voted for a Democrat for President.  However, this year is different.  I am voting for Barack Obama believing that he is far superior to John McCain.  Senator Obama is a brilliant man who has run a stellar campaign.  If he runs the country as well as his campaign the country will be in much better shape in four years.  John McCain has proven an erratic candidate who should not be carrying around the nuclear code.  He is not capable of correcting the economy, pronouncing just a few weeks ago that the economy was fundamentally sound.  Moreover, by choosing a person who is totally unqualified to assume the presidency as his running mate, McCain has shown his true colors.  It's not "country first", it's "John McCain first".  I urge all readers to vote for Barack Obama.

Consumer Confidence

The consumer drives the economy and the recent news on this front is ominous. Until the consumer has more conviction that things will get better the stock market will not act well.  That's why I think the election of Obama will help consumer confidence and hence the stock market.

Obama and the Market

 

Some stock market pundits have been saying that one of the primary reasons that the stock market has been behaving so rottenly lately is the fear among investors that Barack Obama will be elected president. These commentators cite Obama’s liberal economic policies that include a modest increase in the capital gains tax.  For my part, I think this is nonsense.  For starters, it’s a fact that the stock market performs better when a Democrat is in the White House.  But perhaps more importantly, I believe that investors will welcome a competent leader in which there is trust and confidence.  Clearly, that is Obama who just judging him by the excellent campaign that he has run can bring a new level of competence to the government.  This will in my opinion lead to an era of good feeling that will enable the stock market to rally significantly before the end of this year.

In search of an up day

I decided to leave New York for a couple of days and head for Maryland thinking that a change of scene would actually produce one up day for the market.  Alas, it didn't work and yesterday saw another pitiful performance.  Futures are looking better today so let's hope for the best.

$60 Trillion

I just heard that an estimated $60 trillion in wealth has been lost in stock values around the world in just the past month.  That's a staggering amount and one has to wonder if that will ever be recouped.  I know one thing, investors are in for a long wait before things get better. However, I also know that just when things look the most bleak it could be a  buying opportunity. 

This Too Shall Come to Pass

It was another lousy week for the market but given the possibility of even worse carange as of this morning I guess investors should be grateful.  The truth is I was buying some stocks this morning.  I believe that many stocks are now very attractively priced and if you are a long-term investor this is likely a good time to take some positions.  To be sure, things don't look very good right now, but increasingly I believe this too shall come to pass.