OT: Congrats Obama!

User Forum Topic
Submitted by flu on November 6, 2012 - 9:28pm

Well it's decided... Finally we can look forward to 2016...

I hope you folks sold your stock today or before.

http://finance.yahoo.com/news/futures-fa...

NEW YORK (Reuters) - S&P 500 index futures extended losses on Tuesday as early results on the U.S. presidential election showed a larger chance for President Barack Obama to be re-elected.
S&P 500 futures fell 14 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract.

All you wall street haters, hope your 401k's don't eat shit for your sake....:)

I'm out. I'm soooooo out.....

Submitted by scaredyclassic on November 6, 2012 - 9:56pm.

i got a little scared about mitt romney winning right at the last moment, not because i want obama to win, but i suddenly just got worried about the prosect of any change. I just kind of want things to remain the same. I kind of want things to always be like they were for me from 2003-2012.

Submitted by FlyerInHi on November 6, 2012 - 10:09pm.

Give me a break. Look at the map. You think the rednecks have 401ks?
Obama got all the cities and the suburbs where the money is.

Submitted by La Jolla Renter on November 6, 2012 - 11:19pm.

FlyerInHi wrote:
Give me a break. Look at the map. You think the rednecks have 401ks?
Obama got all the cities and the suburbs where the money is.

More like he got all the cities and suburbs where all the union people, government workers and of course, the people on the dole live.

Submitted by AN on November 6, 2012 - 11:21pm.

What's very interesting is, even though the electoral vote was won by a landslide, the popular vote is much closer at 49% vs 49% right now with only 291097 vote separating the two.

I guess we can expect the next 4 years to be similar to the last 2 years with the house being controlled by the Republicans and Democrats controlling the Senate and the White House. Fiscal cliff, here we come.

Submitted by spdrun on November 6, 2012 - 11:37pm.

Good. Here's hoping to see DOW 12k or lower in the next few months.

Oh yeah, and a lot of the coming cuts are to the military - we've been overspending in that respect since 9/11 and no one has had the cojones to put a stop to it.

Submitted by flyer on November 6, 2012 - 11:57pm.

Historically, I've been a very patriotic person, but, as someone mentioned in an article I read recently--beyond a "popularity contest," I, too, never believed the outcome of this election will make much difference in the "real lives" of most Americans. I guess only time will tell.

As now, IMHO, in four more years, eight more years, twelve more years, etc., etc., I believe that 5% or less of the population will still hold the wealth in this country--so, looking at the financial realities of our country--I don't really see how the "American Dream" will materialize for more people based upon any particular elected official.

Since most of us "Piggs" are in that 5%, I realize there could be some financial challenges imposed along the way, but nothing we can't handle.

Submitted by paramount on November 7, 2012 - 12:43am.

No unnecessary expenditures.

Submitted by enron_by_the_sea on November 7, 2012 - 1:19am.

AN wrote:
What's very interesting is, even though the electoral vote was won by a landslide, the popular vote is much closer at 49% vs 49% right now with only 291097 vote separating the two.

That is one way to look at it.

The other way to look at it is that at about 50% of popular vote, Obama is doing about as good as other re-elected presidents in recent history

For example

Clinton (1996) - 49.2%
Bush (2004) - 50.7%

Getting reelected with a landslide in national vote seems to be more common before Clinton.

Submitted by AN on November 7, 2012 - 1:37am.

enron_by_the_sea wrote:
AN wrote:
What's very interesting is, even though the electoral vote was won by a landslide, the popular vote is much closer at 49% vs 49% right now with only 291097 vote separating the two.

That is one way to look at it.

The other way to look at it is that at about 50% of popular vote, Obama is doing about as good as other re-elected presidents in recent history

For example

Clinton (1996) - 49.2%
Bush (2004) - 50.7%

Getting reelected with a landslide in national vote seems to be more common before Clinton.


Interesting data. I didn't know it was that close for past reelected presidents as well. I wonder why?

Secondly, why is there such a big discrepancy between the popular vs electoral votes? If it's due to demographics, would it mean the Republicans are done for unless they start to change their platform? Based on what I heard from various news channels, it seems like the Lantinos and Black votes in some very key state really made a huge difference.

Submitted by flu on November 7, 2012 - 2:12am.

flyer wrote:
Historically, I've been a very patriotic person, but, as someone mentioned in an article I read recently--beyond a "popularity contest," I, too, never believed the outcome of this election will make much difference in the "real lives" of most Americans. I guess only time will tell.

As now, IMHO, in four more years, eight more years, twelve more years, etc., etc., I believe that 5% or less of the population will still hold the wealth in this country--so, looking at the financial realities of our country--I don't really see how the "American Dream" will materialize for more people based upon any particular elected official.

Since most of us "Piggs" are in that 5%, I realize there could be some financial challenges imposed along the way, but nothing we can't handle.

Actually, I think during this time, it will be a great opportunity for the smart money to really milk this for all it is....We're gonna be spending more and more money, no doubt. Smart people will get on the bandwagon and milk it like there is no tomorrow...

Time to buy more property.. Rates are gonna stay low, we're gonna have more bailouts...It's all good...Worry about our kid's future later. If you have a nestegg established, who cares about everyone else's kid that doesn't... Their problem, not yours... You're kidding yourself if you think most americans (democrats or republicans) really care anymore about the future...They want their HELOC loans back damnit now, so they can get into a BMW for $300/month! Did anyone notice the surge of new cars in SD recently? Good times are here again!

Frankly, I'm crossing the line and milk this... ....Stay tuned.

One thing for sure... If you got a lot of stock/stock options...This year's the year to dump them lol...

Submitted by AN on November 7, 2012 - 2:13am.

flu wrote:
Actually, I think during this time, it will be a great opportunity for the smart money to really milk this for all it is....We're gonna be spending more and more money, no doubt. Smart people will get on the bandwagon and milk it like there is no tomorrow...

Time to buy more property.. Rates are gonna stay low, we're gonna have more bailouts...It's all good...Worry about our kid's future later. If you have a nestegg established, who cares about everyone else's kid that doesn't... Their problem, not yours... You're kidding yourself if you think most americans (democrats or republicans) really care anymore about the future...They want their HELOC loans back damnit now, so they can get into a BMW for $300/month! Did anyone notice the surge of new cars in SD recently? Good times are here again!

Frankly, I'm crossing the line and gonna join them... Time to get a RE license....Stay tuned.

Hell yeah it's time to milk it. I'm loving this low and ever declining mortgage rate. It has been paying for my property tax and insurance for the last 2 years. Seems like I have at least 2-4 years of free property tax and insurance.

I'm with you on the RE license. I'm pondering getting one myself.

Submitted by FlyerInHi on November 7, 2012 - 2:31am.

2008

Obama received a total of 69,456,897 (52.9%) popular votes.

McCain received a total of 59,934,814 (45.7%) popular votes.

10 million votes not a landslide?

Submitted by AN on November 7, 2012 - 2:42am.

FlyerInHi wrote:
2008

Obama received a total of 69,456,897 (52.9%) popular votes.

McCain received a total of 59,934,814 (45.7%) popular votes.

10 million votes not a landslide?


Yes, that was somewhat of a landslide. But not nearly as big of a landslide as the Reagan vs Mondale 1984 election. CA and NY went red. 54,455,472 (58.8%) vs 37,577,352 (40.6%) popular vote and 525 vs 13 electoral vote. Now, that's what I'd call a huge landslide AND it was from a re-election no less. I'd like to see one of those again in my life time.

Submitted by flu on November 7, 2012 - 3:03am.

FlyerInHi wrote:
Give me a break. Look at the map. You think the rednecks have 401ks?
Obama got all the cities and the suburbs where the money is.

Hi Briansd :)

Submitted by FlyerInHi on November 7, 2012 - 3:04am.

America is becoming more and more a mixed race country.
Look at the percenrages in Hawaii, San Francisco, Santa Clara, Los Angeles counties, New York city.

You will see landslides in your lifetime.

Obama got all the swing states. I expect he'll win Florida.

Submitted by flu on November 7, 2012 - 3:05am.

whoohooo... Stock futures are positive again...

Let's see where this goes... Man the volatility indexes are going to go nuts...

Also, big day today... Qualcomm AH today...

Submitted by flyer on November 7, 2012 - 3:25am.

flu wrote:
flyer wrote:
Historically, I've been a very patriotic person, but, as someone mentioned in an article I read recently--beyond a "popularity contest," I, too, never believed the outcome of this election will make much difference in the "real lives" of most Americans. I guess only time will tell.

As now, IMHO, in four more years, eight more years, twelve more years, etc., etc., I believe that 5% or less of the population will still hold the wealth in this country--so, looking at the financial realities of our country--I don't really see how the "American Dream" will materialize for more people based upon any particular elected official.

Since most of us "Piggs" are in that 5%, I realize there could be some financial challenges imposed along the way, but nothing we can't handle.

Actually, I think during this time, it will be a great opportunity for the smart money to really milk this for all it is....We're gonna be spending more and more money, no doubt. Smart people will get on the bandwagon and milk it like there is no tomorrow...

Time to buy more property.. Rates are gonna stay low, we're gonna have more bailouts...It's all good...Worry about our kid's future later. If you have a nestegg established, who cares about everyone else's kid that doesn't... Their problem, not yours... You're kidding yourself if you think most americans (democrats or republicans) really care anymore about the future...They want their HELOC loans back damnit now, so they can get into a BMW for $300/month! Did anyone notice the surge of new cars in SD recently? Good times are here again!

Frankly, I'm crossing the line and milk this... ....Stay tuned.

One thing for sure... If you got a lot of stock/stock options...This year's the year to dump them lol...

Agree, Flu and AN--Like you, I "milked" it long ago. That's why we're in the top 5%, and, I might add, very happy to be there!!

Since we've already done the property thing, etc., the "smart money" in our circle has been investing in movie deals--ever heard of "Harry Potter" and "Twilight?" That's the direction we've been going over the past few years, with great results. The international "take" is especially sweeeeet!

I wish you the best with all of your new
quests--go for it!!

Submitted by flu on November 7, 2012 - 3:38am.

flyer wrote:
flu wrote:
flyer wrote:
Historically, I've been a very patriotic person, but, as someone mentioned in an article I read recently--beyond a "popularity contest," I, too, never believed the outcome of this election will make much difference in the "real lives" of most Americans. I guess only time will tell.

As now, IMHO, in four more years, eight more years, twelve more years, etc., etc., I believe that 5% or less of the population will still hold the wealth in this country--so, looking at the financial realities of our country--I don't really see how the "American Dream" will materialize for more people based upon any particular elected official.

Since most of us "Piggs" are in that 5%, I realize there could be some financial challenges imposed along the way, but nothing we can't handle.

Actually, I think during this time, it will be a great opportunity for the smart money to really milk this for all it is....We're gonna be spending more and more money, no doubt. Smart people will get on the bandwagon and milk it like there is no tomorrow...

Time to buy more property.. Rates are gonna stay low, we're gonna have more bailouts...It's all good...Worry about our kid's future later. If you have a nestegg established, who cares about everyone else's kid that doesn't... Their problem, not yours... You're kidding yourself if you think most americans (democrats or republicans) really care anymore about the future...They want their HELOC loans back damnit now, so they can get into a BMW for $300/month! Did anyone notice the surge of new cars in SD recently? Good times are here again!

Frankly, I'm crossing the line and milk this... ....Stay tuned.

One thing for sure... If you got a lot of stock/stock options...This year's the year to dump them lol...

Agree, Flu and AN--Like you, I "milked" it long ago. That's why we're in the top 5%, and, I might add, very happy to be there!!

Since we've already done the property thing, etc., the "smart money" in our circle has been investing in movie deals--ever heard of "Harry Potter" and "Twilight?" That's the direction we've been going over the past few years, with great results. The international "take" is especially sweeeeet!

I wish you the best with all of your new
quests--go for it!!

Just curious. How the hell did you get involved in investing in movie deals? Not that I am particularly interested (since I don't think it's my expertise)...Just curious... I'm more interested in how people get started interesting stuff...

Submitted by ctr70 on November 7, 2012 - 7:07am.

Obama has a chance now for 8 full years to perform. There will be nowhere to hide, no former administration to blame if in 4 more years the economy is still a disaster and maybe 70 million are on food stamps by then?

And if the country is in good shape and the economy in good shape, incomes are rising, he can get credit where credit is due.

Submitted by svelte on November 7, 2012 - 8:22am.

The big story isn't Obama getting re-elected. Anyone paying attention should have known that for awhile.

The big story has to do with the states that legalized gay marriage and marijuana by popular vote!

Exciting times we live in, my friends. Exciting times.

Just when I give up on the voting masses, they come together and do things that make me smile.

Submitted by flu on November 7, 2012 - 8:24am.

svelte wrote:
The big story isn't Obama getting re-elected. Anyone paying attention should have known that for awhile.

The big story has to do with the states that legalized gay marriage and marijuana by popular vote!

Exciting times we live in, my friends. Exciting times.

Just when I give up on the voting masses, they come together and do things that make me smile.

Actually, I'm more curious... How the hell did Filner pull ahead of DeMaio!!!!!

Submitted by livinincali on November 7, 2012 - 8:27am.

flu wrote:

Actually, I'm more curious... How the hell did Filner pull ahead of DeMaio!!!!!

Because the unions came out in force to vote Y on 30 and no on 32.

Submitted by Aecetia on November 7, 2012 - 8:40am.

flu wrote:
FlyerInHi wrote:
Give me a break. Look at the map. You think the rednecks have 401ks?
Obama got all the cities and the suburbs where the money is.

Hi Briansd :)

Hi Brian, welcome back. You must be ecstatic.

Submitted by ocrenter on November 7, 2012 - 8:54am.

The minority vote for Obama is quite impressive!

Blacks at 93%, Hispanics at 71%, and Asians at 73%.

The black vote is not much of a surprise, neither is the Hispanics given they are more working class, they are traditionally Dem, and they were under direct assault by the far right rhetoric. But the dramatic loss of the Asian vote, which is predominately upper-middle class is worth noting.

Remember, Asians use to be much more Republican leaning, with a mere 31% vote for Clinton and 55% for Bush Sr. How in the world did the GOP turn that completely around to 26% Romney and 73% Obama? Something for the GOP to think about.

Submitted by cvmom on November 7, 2012 - 9:15am.

I'm sure happy with the results. Except for the death penalty. C'mon people, in CA we're not actually putting people to death (I think the last execution was in 2006). We're just holding them on death row with MUCH higher costs.

Submitted by ocrenter on November 7, 2012 - 10:11am.

cvmom wrote:
I'm sure happy with the results. Except for the death penalty. C'mon people, in CA we're not actually putting people to death (I think the last execution was in 2006). We're just holding them on death row with MUCH higher costs.

+1

Submitted by Aecetia on November 7, 2012 - 10:13am.

“He who casts a vote decides nothing. He who counts the vote decides everything.”
-Joseph Stalin

Submitted by poorgradstudent on November 7, 2012 - 10:20am.

Huge buy opportunity. The Stock Market historically LOVES it when we have a Democratic President and Republican Congress.

Submitted by poorgradstudent on November 7, 2012 - 10:21am.

flu wrote:
Actually, I'm more curious... How the hell did Filner pull ahead of DeMaio!!!!!

People realized DeMaio is a huge turd?
I'm not actually a big Filner fan. But DeMaio is just... slimy.

Submitted by UCGal on November 7, 2012 - 10:25am.

ocrenter wrote:
The minority vote for Obama is quite impressive!

Blacks at 93%, Hispanics at 71%, and Asians at 73%.

The black vote is not much of a surprise, neither is the Hispanics given they are more working class, they are traditionally Dem, and they were under direct assault by the far right rhetoric. But the dramatic loss of the Asian vote, which is predominately upper-middle class is worth noting.

Remember, Asians use to be much more Republican leaning, with a mere 31% vote for Clinton and 55% for Bush Sr. How in the world did the GOP turn that completely around to 26% Romney and 73% Obama? Something for the GOP to think about.


I think hispanics had more to do with Romney's "self deportation", being against the Dream Act, and surrounding himself with the architects of AZ's anti-immigration laws.

I know Republican hispanics who voted against Romney because they felt he was anti hispanic.

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