I was thinking a Romney win would
create a big bump on Wednesday but then I heard Peter Grandich say
that the market would go down on Wednesday and for a few days
because Romney would choose a Fed chairman who would cut back on
the QE's. Also gold for the short term for the same reasons would
go down. I still think new blood in the White House would be fuel
for optimism and a strong short term rally starting on Wednesday.
What do you say? If Grandich is right wouldn't at least something
like the coal stocks rally strong?
Posted by morton13 on 29th of Oct 2012 at 10:48 am
Romney win may strengthen dollar due to less or no QE and
hit commodities which would put more money in middle to lower class
pocket. John Maudlin put out a piece reporting how the QEs
have decimated the middle and lower class with higher commodity
prices. I think Romney understands this concept. I
would buy companies that do not have much in international sales
and shy away from those that do due to exports become costlier
overseas...small caps may do well here. As far as gold is
concerned its always possible we'll return to Bretton Woods (see
Scott Minerd at seeking alpha) which would be positive for
gold. Obama wins do the reverse but I think gold may do well
in either case.
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A Romney win rally?
Posted by mmoskau on 29th of Oct 2012 at 09:00 am
I was thinking a Romney win would create a big bump on Wednesday but then I heard Peter Grandich say that the market would go down on Wednesday and for a few days because Romney would choose a Fed chairman who would cut back on the QE's. Also gold for the short term for the same reasons would go down. I still think new blood in the White House would be fuel for optimism and a strong short term rally starting on Wednesday. What do you say? If Grandich is right wouldn't at least something like the coal stocks rally strong?
guy is a shill
Posted by freddy123321 on 29th of Oct 2012 at 03:33 pm
guy is a shill
I agree
Posted by morton13 on 29th of Oct 2012 at 10:48 am
Romney win may strengthen dollar due to less or no QE and hit commodities which would put more money in middle to lower class pocket. John Maudlin put out a piece reporting how the QEs have decimated the middle and lower class with higher commodity prices. I think Romney understands this concept. I would buy companies that do not have much in international sales and shy away from those that do due to exports become costlier overseas...small caps may do well here. As far as gold is concerned its always possible we'll return to Bretton Woods (see Scott Minerd at seeking alpha) which would be positive for gold. Obama wins do the reverse but I think gold may do well in either case.