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| -Election 2012 |
| Where to Put Your Money (if you have any) |
| 2012-11-07 |
| The stock market loves President Barack Obama. The love story of Wall Street and Obama is a bromance like no other, a man-crush for the ages. Despite his threats to soak the wealthy for more taxes, despite Fed Chairman's attack on savers, despite even his threat to kill special treatment for dividends, institutional investors have thrown themselves at Obama's feet as they have not done in the first term of any president in the past century. You could look it up. The S&P 500 has gained 76% since his inauguration in January 2009, while the Nasdaq 100 is up 128%. The administration and the Federal Reserve have systematically stuffed big banks' pockets with cash in an unending rescue effort, slashed interest rates to the lowest levels of the past 300 years, diverted senior citizens' savings to revive the moribund residential construction industry and showered drug makers and insurers with fresh sources of revenue from his health care overhaul. Where he says to put your money (if you have any): Health care. Home Construction/Real Estate Mobile Communications Financial Services Energy Not sure I agree - doubt there's anywhere that will work other than owning your own politician. |
| Posted by:Glenmore |
| #5 If only I had money to put into those stocks. Which I don't. Better go look up government programs to get money from so I can put it into those stocks! /sarc (only somewhat, I don't have money really) |
| Posted by: Charles 2012-11-07 23:11 |
| #4 And if you looking for a business to start, within 2 years we will see 3D printing store fronts producing small parts for all manner of things. Will customer service phone lines be replaced with at home 3-D printers that can print replacement parts and upgrades? In the future will companies like Elevation Labs issue physical “patches” until a proper replacement can be produced? Haughey thinks so and writes “Any industry that involves physical objects and small parts is ripe for 3D printing becoming a huge thing (and a problematic thing for stakeholders involved). I know friends that can rapidly produce any part of a R/C (remote-controlled) car or plane that breaks, which is cool for them, and problematic for the manufacturers of R/C parts.” |
| Posted by: phil_b 2012-11-07 19:10 |
| #3 The only stocks I'd buy are those in the 3D printing business, which looks to be as revolutionary as the computer and the internet. And is going to crash the China business model. |
| Posted by: phil_b 2012-11-07 18:27 |
| #2 Real estate? So my underwater home will float up and out and become a bonanza? So I should re-do the kitchen, right? |
| Posted by: Bobby 2012-11-07 18:23 |
| #1 I thought I selected Opinion for this - sorry. Moved to Opinion |
| Posted by: Glenmore 2012-11-07 17:02 |