Stock Market predictions for tommarrow?

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imaps3fanboy

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#1 imaps3fanboy
Member since 2009 • 11169 Posts

Anyone else think its going to crash?

After this healthcare bill passed tonight does anyone else think that the stock market is going to crash?

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fatcat13sep

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#2 fatcat13sep
Member since 2007 • 1129 Posts

no its not just take a chill pill its not going to be y2k

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Fuhgeddabouditt

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#3 Fuhgeddabouditt
Member since 2010 • 5468 Posts
im not a know it all but why would people panic?
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Snipes_2

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#4 Snipes_2
Member since 2009 • 17126 Posts

I don't know if it will crash like the great depression , but stocks will probably go down under Obamacare.

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Elephant_Couple

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#5 Elephant_Couple
Member since 2010 • 1404 Posts

Absolutely. This is not simply a healthcare bill. It will have wide spread economic effects. You can bet that everyone will begin selling like mad as soon as this passes. It's going to cripple the private sector like no other piece of legislation in history. The job losses it will cause are also going to be drastic.

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honkyjoe

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#6 honkyjoe
Member since 2005 • 5907 Posts

It will open in the morning and close around five.

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Snipes_2

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#7 Snipes_2
Member since 2009 • 17126 Posts

Absolutely. This is not simply a healthcare bill. It will have wide spread economic effects. You can bet that everyone will begin selling like mad as soon as this passes. It's going to cripple the private sector like no other piece of legislation in history. The job losses it will cause are also going to be drastic.

Elephant_Couple
Hopefully the other 2 don't pass. They probably will though. Congress is run by the Democrats.
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I_am_george

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#8 I_am_george
Member since 2009 • 265 Posts

I don't expect much movement because nothing takes effect immediately except for the tax increases.

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chessmaster1989

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#9 chessmaster1989
Member since 2008 • 30203 Posts
It might fall a little, but nothing significant.
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Pirate700

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#10 Pirate700
Member since 2008 • 46465 Posts

They will likely go down. Obama is not who you want in power if you want a bull market. Like him or not, everything he does freaks out investors. As usual, they will recover soon after though.

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KG86

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#11 KG86
Member since 2007 • 6021 Posts

The price of waffles will skyrocket!

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Atheists_Pwn

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#12 Atheists_Pwn
Member since 2010 • 1610 Posts
who cares on way or the other? only uneducated people think the stock market = the economy
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Pirate700

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#13 Pirate700
Member since 2008 • 46465 Posts

who cares on way or the other? only uneducated people think the stock market = the economyAtheists_Pwn
:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that.

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IronBeaver

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#14 IronBeaver
Member since 2009 • 1986 Posts

[QUOTE="Atheists_Pwn"]who cares on way or the other? only uneducated people think the stock market = the economyPirate700

:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that.

stock market is important, but atheists_pwn has a bit of a point: often when economies slump, it is from an emtiononal domino effect. normal people sit on their couches and say OH LAWD THERE GOES THE STOCK MARKET, THAT *MUST* MEAN THE ECONOMY IS BAD. and they will therfore just stop buying stuff.

idk if any of what i said makes sense. i am tired. :P

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Pirate700

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#15 Pirate700
Member since 2008 • 46465 Posts

[QUOTE="Pirate700"]

[QUOTE="Atheists_Pwn"]who cares on way or the other? only uneducated people think the stock market = the economyIronBeaver

:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that.

stock market is important, but atheists_pwn has a bit of a point: often when economies slump, it is from an emtiononal domino effect. normal people sit on their couches and say OH LAWD THERE GOES THE STOCK MARKET, THAT *MUST* MEAN THE ECONOMY IS BAD. and they will therfore just stop buying stuff.

idk if any of what i said makes sense. i am tired. :P

I agree people are WAY too quick to go into "shut down spending" mode but the market is somewhat closely indicative of the economy.

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UnknownSniper65

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#16 UnknownSniper65
Member since 2004 • 9238 Posts

It will drop down a bit....people will realize it isn't the end of the world and stocks will go back to normal.

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MgamerBD

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#17 MgamerBD
Member since 2006 • 17550 Posts
Me: Oh the Dow went down a few....*goes back to living my life*
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Atheists_Pwn

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#18 Atheists_Pwn
Member since 2010 • 1610 Posts

[QUOTE="Atheists_Pwn"]who cares on way or the other? only uneducated people think the stock market = the economyPirate700

:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that.

Then dont invest into something so volatile. Personal responsibility right?
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painguy1

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#19 painguy1
Member since 2007 • 8686 Posts

Afghanistan, Argentina, Austria, Australia, Belgium, Brazil, Canada, Chile, China, Cuba, Costa Rica, Cyprus, Denmark, Finland, France, Germany, Greece, Iraq, Iceland, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Oman, Portugal, Russia, Saudi Arabia, Spain, Sweden, South Korea, Sri Lanka, Ukraine and the United Kingdom all have National Health Care. If a nation like Cuba can afford it than so can we. People really need to open their eyes and stop being so pessimistic.

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Pirate700

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#20 Pirate700
Member since 2008 • 46465 Posts

[QUOTE="Pirate700"]

[QUOTE="Atheists_Pwn"]who cares on way or the other? only uneducated people think the stock market = the economyAtheists_Pwn

:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that.

Then dont invest into something so volatile. Personal responsibility right?

:| I'm not even going to get into this with you.

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Pixel-Pirate

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#21 Pixel-Pirate
Member since 2009 • 10771 Posts

At the opening bell, the Ghost of Stalin shall appear and lay waste to wallstreet.

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deactivated-5f1dda6571ed7

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#22 deactivated-5f1dda6571ed7
Member since 2005 • 1355 Posts
i have a feeling commodity prices are going to be pretty bullish this week, not only because of this legislation but because of what the IMF said in China today, we'll see though
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LOLuMADzz

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#23 LOLuMADzz
Member since 2008 • 299 Posts

Afghanistan, Argentina, Austria, Australia, Belgium, Brazil, Canada, Chile, China, Cuba, Costa Rica, Cyprus, Denmark, Finland, France, Germany, Greece, Iraq, Iceland, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Oman, Portugal, Russia, Saudi Arabia, Spain, Sweden, South Korea, Sri Lanka, Ukraine and the United Kingdom all have National Health Care. If a nation like Cuba can afford it than so can we. People really need to open their eyes and stop being so pessimistic.

painguy1

Most of these also don't spend trillions of dollars on useless wars. ;)

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pianist

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#24 pianist
Member since 2003 • 18900 Posts

I don't care one way or another. If it goes down, it's a buying opportunity. If it goes up... it just adds to my net worth, which is already higher than it has ever been in the past thanks to recent stock performance.

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painguy1

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#25 painguy1
Member since 2007 • 8686 Posts

[QUOTE="painguy1"]

Afghanistan, Argentina, Austria, Australia, Belgium, Brazil, Canada, Chile, China, Cuba, Costa Rica, Cyprus, Denmark, Finland, France, Germany, Greece, Iraq, Iceland, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Oman, Portugal, Russia, Saudi Arabia, Spain, Sweden, South Korea, Sri Lanka, Ukraine and the United Kingdom all have National Health Care. If a nation like Cuba can afford it than so can we. People really need to open their eyes and stop being so pessimistic.

LOLuMADzz

Most of these also don't spend trillions of dollars on useless wars. ;)

Most of those countries still dont have as much money as we do despite not spending trillions of dollars on wars.

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UnknownSniper65

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#26 UnknownSniper65
Member since 2004 • 9238 Posts

At the opening bell, the Ghost of Stalin shall appear and lay waste to wallstreet.

Pixel-Pirate

All whilst the common folk march the sound of communism.

http://www.youtube.com/watch?v=f2-zzmCmMVI

=P

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Atheists_Pwn

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#27 Atheists_Pwn
Member since 2010 • 1610 Posts

[QUOTE="Atheists_Pwn"][QUOTE="Pirate700"]:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that.

Pirate700

Then dont invest into something so volatile. Personal responsibility right?

:| I'm not even going to get into this with you.

In other words, you wish i wasnt right? If you are a capitalist then you should, at the very least accept that i have no obligation to care about your investments.
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deactivated-5f1dda6571ed7

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#28 deactivated-5f1dda6571ed7
Member since 2005 • 1355 Posts
nobody has actually mentioned some predictions, ill restate that i think commodity prices are going to go up (fear of inflation), i also think the energy sector is going to tank (fear of inflation), but i think insurance companies will do pretty well (pretty obvious with what was just passed), i predict the dow will be -150 points by close
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Fizzman

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#29 Fizzman
Member since 2003 • 9895 Posts

When the US goverment begins to take over 1/6th of the US economy of course it will go down. Not much though It will be gradual.

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194197844077667059316682358889

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#30 194197844077667059316682358889
Member since 2003 • 49173 Posts
Hey look, the DJIA closed up .4% today...
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#31 Atheists_Pwn
Member since 2010 • 1610 Posts
Hey look, the DJIA closed up .4% today...xaos
well in this situation, it doesnt matter! Obama is terrible, still! omggggggggggg
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nocoolnamejim

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#32 nocoolnamejim
Member since 2003 • 15136 Posts
No. I think the stock market will be just fine and then everyone who has been predicting that the passing of health care reform will be the same immediate apocalypse that the passing of Gay Marriage in Massachusetts was will look as silly as they did then.
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pianist

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#33 pianist
Member since 2003 • 18900 Posts

Hey look, the DJIA closed up .4% today...xaos

Oh, just you wait. Eventually we'll have a heavy red day for some reason or another... and you know as well as I that it will be blamed on the healthcare bill. You know, delayed effect and all.

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imaps3fanboy

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#34 imaps3fanboy
Member since 2009 • 11169 Posts
Hey look, the DJIA closed up .4% today...xaos
yep..im sort of surprised to be honest
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194197844077667059316682358889

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#35 194197844077667059316682358889
Member since 2003 • 49173 Posts
No. I think the stock market will be just fine and then everyone who has been predicting that the passing of health care reform will be the same immediate apocalypse that the passing of Gay Marriage in Massachusetts was will look as silly as they did then.nocoolnamejim
Nah, didn't you hear? God sent floods to smite MA. It just took Him a while to get around to it because He was busy looking at pictures of lolcats
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comp_atkins

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#36 comp_atkins
Member since 2005 • 38931 Posts

yeah. it didn't

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Snipes_2

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#37 Snipes_2
Member since 2009 • 17126 Posts

[QUOTE="xaos"]Hey look, the DJIA closed up .4% today...pianist

Oh, just you wait. Eventually we'll have a heavy red day for some reason or another... and you know as well as I that it will be blamed on the healthcare bill. You know, delayed effect and all.

I thought everything takes time to have an effect? I guess that's only when it doesn't work out.

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#38 Atheists_Pwn
Member since 2010 • 1610 Posts
[QUOTE="xaos"]Hey look, the DJIA closed up .4% today...imaps3fanboy
yep..im sort of surprised to be honest

Why would you be? Didnt I tell you yesterday its not going to be doom and gloom?
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194197844077667059316682358889

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#39 194197844077667059316682358889
Member since 2003 • 49173 Posts

[QUOTE="xaos"]Hey look, the DJIA closed up .4% today...pianist

Oh, just you wait. Eventually we'll have a heavy red day for some reason or another... and you know as well as I that it will be blamed on the healthcare bill. You know, delayed effect and all.

It's always a good day when I get to say "post hoc, ergo propter hoc"
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pianist

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#40 pianist
Member since 2003 • 18900 Posts

No. I think the stock market will be just fine and then everyone who has been predicting that the passing of health care reform will be the same immediate apocalypse that the passing of Gay Marriage in Massachusetts was will look as silly as they did then.nocoolnamejim

I agree. Here's the thing - the stock market is forward-looking, and the people who wield the real power over it are ALWAYS more informed than the average investor. So if it was going to crash on account of the healthcare bill passing, this would have already happened, because it's certainly not surprising news.

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pianist

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#41 pianist
Member since 2003 • 18900 Posts

[QUOTE="pianist"]

[QUOTE="xaos"]Hey look, the DJIA closed up .4% today...Snipes_2

Oh, just you wait. Eventually we'll have a heavy red day for some reason or another... and you know as well as I that it will be blamed on the healthcare bill. You know, delayed effect and all.

I thought everything takes time to have an effect? I guess that's only when it doesn't work out.

Indeed it does, and that's why it was absurd for people to be crying "apocalypse!" yesterday. I wonder how many of these people actually control their own investments and have familiarity with the stock market. The news that the bill may pass (or when it does pass) is old news as far as the markets are concerned. Now with confirmation, the healthcare stocks are up today. That too is no surprise... if you understand the markets.

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nocoolnamejim

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#42 nocoolnamejim
Member since 2003 • 15136 Posts

[QUOTE="nocoolnamejim"]No. I think the stock market will be just fine and then everyone who has been predicting that the passing of health care reform will be the same immediate apocalypse that the passing of Gay Marriage in Massachusetts was will look as silly as they did then.pianist

I agree. Here's the thing - the stock market is forward-looking, and the people who wield the real power over it are ALWAYS more informed than the average investor. So if it was going to crash on account of the healthcare bill passing, this would have already happened, because it's certainly not surprising news.

Indeed. Often misunderstood aspect of stock performance. It's an analysis of future expectations and in the days leading up to the final vote on Health Care, it was more and more obvious that the bill was going to pass. Undecided Democrat after undecided Democrat committed to supporting the bill. Intrade predictions went steadily upwards. The bill passing wouldn't have caused the market to go down the day AFTER the vote. The effects would have happened in the days leading up to the vote - and then maybe a further plunge the day after - but we would have seen the market beginning to react days or even a week or so in advance of the actual vote.
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nocoolnamejim

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#43 nocoolnamejim
Member since 2003 • 15136 Posts
[QUOTE="nocoolnamejim"]No. I think the stock market will be just fine and then everyone who has been predicting that the passing of health care reform will be the same immediate apocalypse that the passing of Gay Marriage in Massachusetts was will look as silly as they did then.xaos
Nah, didn't you hear? God sent floods to smite MA. It just took Him a while to get around to it because He was busy looking at pictures of lolcats

In god's defense, some of the lolcat pictures ARE pretty amusing.
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Atheists_Pwn

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#44 Atheists_Pwn
Member since 2010 • 1610 Posts

[QUOTE="Snipes_2"]

[QUOTE="pianist"]

Oh, just you wait. Eventually we'll have a heavy red day for some reason or another... and you know as well as I that it will be blamed on the healthcare bill. You know, delayed effect and all.

pianist

I thought everything takes time to have an effect? I guess that's only when it doesn't work out.

Indeed it does, and that's why it was absurd for people to be crying "apocalypse!" yesterday. I wonder how many of these people actually control their own investments and have familiarity with the stock market. The news that the bill may pass (or when it does pass) is old news as far as the markets are concerned. Now with confirmation, the healthcare stocks are up today. That too is no surprise... if you understand the markets.

John Stossel actually reported that Liberals tend to be richer than Conservatives, so my guess is t hat not many republicans or conservatives in general get involved with finance and such.