Impact of the Stock Market on Voting

[Jobu]

World markets were up significantly today, and the Dow Jones is poised for its best one-day point gain in history (600-700 points).

With the TSX closed for the day, it's likely to be up huge tomorrow to catch up.

I wonder if this will have a positive psychological impact on the electorate in favour of the CPC.

[capricorn]

Since Canadians consume as much, if not more, US news, today's positive development will have been noticed by jittery investors and worried voters. This rise in the world stock market is also widely covered on Canadian networks. Similar good news from Bay street tomorrow will just add to the calming effect. It's bound to make some voters think that Harper was right not to panic. Good news for the Conservatives.

[Jobu]

Dow is about to close on its highs, up almost 900 pts!

EDIT - Closed up nearly 1,000 points.

Edited October 13, 2008 by Jobu

[Vancouver King]

Dow is about to close on its highs, up almost 900 pts!

EDIT - Closed up nearly 1,000 points.

And you made the wrong call, again, when you said the bottom was 8,000, sorry, not even bronze medal territory.

[Jobu]

And you made the wrong call, again, when you said the bottom was 8,000, sorry, not even bronze medal territory.

Sorry, how did I make the wrong call when so far it's proving to be exactly the right call to this point? We hit 8000 twice on Friday, and bounced back.

Doesn't mean it won't go down again, but so far so good.

Edited October 13, 2008 by Jobu

[Peter F]

Is there a point to this thread? Stockmarket goes up; 'Its good for Harper!" Stockmarket goes down: "Its good for Harper!". If stockmarket went sideways that'd be good for Harper too.

Is there any stockmarket condition thats not good for Harper?

[Jobu]

Is there a point to this thread? Stockmarket goes up; 'Its good for Harper!" Stockmarket goes down: "Its good for Harper!". If stockmarket went sideways that'd be good for Harper too.

Is there any stockmarket condition thats not good for Harper?

Well, with the markets up 12% today, it certainly doesn't lend much credence to Dion and Layton's ridiculously short-sighted claims that Harper is causing pensioners their retirement or that a steady hand is NOT the right way to go.

Anyone making policy decisions based upon short-term fluctations on the market is not a leader.

[Peter F]

Well, with the markets up 12% today, it certainly doesn't lend much credence to Dion and Layton's ridiculously short-sighted claims that Harper is causing pensioners their retirement or that a steady hand is NOT the right way to go.

Anyone making policy decisions based upon short-term fluctations on the market is not a leader.

so Harper made no policy decisions based upon the recent short term 'fluctations' of the market?

[Jobu]

so Harper made no policy decisions based upon the recent short term 'fluctations' of the market?

Of course not. In fact, he suggested not to panic and that last week was a good buying opportunity.

[Vancouver King]

Is there a point to this thread? Stock market goes up; 'Its good for Harper!" Stock market goes down: "Its good for Harper!". If stock market went sideways that'd be good for Harper too.

Is there any stock market condition thats not good for Harper?

It's as if today's DOW action somehow has a bearing on the biggest problem facing global economies - banks refusing to lend to other banks.

Jobu's junior trader enthusiasm is cute, however the credit squeeze remains and the global recession still looms.

[Jobu]

It's as if today's DOW action somehow has a bearing on the biggest problem facing global economies - banks refusing to lend to other banks.

Jobu's junior trader enthusiasm is cute, however the credit squeeze remains and the global recession still looms.

Indeed it does. But surely you will agree that the best day in the history of global stock markets can only help the incumbent, wouldn't you?

[Vancouver King]

Indeed it does. But surely you will agree that the best day in the history of global stock markets can only help the incumbent, wouldn't you?

The Incumbent? The incumbent in the land of DOW has already reached his constitutional maximum - the closest thing to a presidential incumbent is Republican McCain and this comment sums up the GOP's election chances:

David Letterman:

"A back country hiker has discovered the remains of John McCain's presidential campaign".

[normanchateau]

In fact, he suggested not to panic and that last week was a good buying opportunity.

Perhaps in his next career, Harper could sell used cars and SUVs.

[maldon_road]

And you made the wrong call, again, when you said the bottom was 8,000, sorry, not even bronze medal territory.

Did we reach bottom or was it just a bear rally?

http://www.cnbc.com/id/27162402

Let's see what the Dow does for the rest of the week - and month.

[Mr.Canada]

World markets were up significantly today, and the Dow Jones is poised for its best one-day point gain in history (600-700 points).

With the TSX closed for the day, it's likely to be up huge tomorrow to catch up.

I wonder if this will have a positive psychological impact on the electorate in favour of the CPC.

In times of uncertainty the markets trust a conservative govt to be in power, no matter what country.

If any party other than the CPC win, you should see an abrupt downswing in the markets soon after.

Aside from that. Can anyone prove that Dion or Layton have solid plans for the economy?

Harper has the experience to lead in these difficult times. Over the last 2+ years we have been stable.

Why should we take a risk like Dion or Layton?

[normanchateau]

In times of uncertainty the markets trust a conservative govt to be in power, no matter what country.

Yes, that must be why Americans are abandoning Obama and Biden, and rushing to deposit their votes with Sarah Palin and McCain.

[kengs333]

Well, with the markets up 12% today, it certainly doesn't lend much credence to Dion and Layton's ridiculously short-sighted claims that Harper is causing pensioners their retirement or that a steady hand is NOT the right way to go.

Anyone making policy decisions based upon short-term fluctations on the market is not a leader.

Speaking of short-sighted, look who's acting like the crisis has been averted because the market fluctuated upwards for one day...

[kengs333]

In times of uncertainty the markets trust a conservative govt to be in power, no matter what country.

Oh, yeah, like R. B. Bennett and Brian Mulroney...

[Jobu]

Speaking of short-sighted, look who's acting like the crisis has been averted because the market fluctuated upwards for one day...

When did I say that?

[Mr.Canada]

Yes, that must be why Americans are abandoning Obama and Biden, and rushing to deposit their votes with Sarah Palin and McCain.

Obama is a one trick pony and will be elected simply because he black,a novelty. Nothing more. Can anyone here describe his platform for me? He lays out no way to attain his goals. Just says he will do this and this and that, sounds familiar.

He's a great orator I'll give him that.

[normanchateau]

Obama is a one trick pony and will be elected simply because he black,

Yup, those Americans sure have a history of loving blacks.

Poor Sarah Palin and McCain. If only they were running against a white man or woman they'd win.

[Mr.Canada]

Oh, yeah, like R. B. Bennett and Brian Mulroney...

With RB, it was bad luck really. It was the worst years of the Great Depression, a worldly phenomenon and hardly his or the CPC's fault. He took action at least, tried to do something innovative. King was lucky to have the war after the 1935 election.

What's Dions plan? To tax us some more with a Carbon Tax? Yeah that's Earth shattering and bound to work

Mulroney's reign came after 26 years of Liberal power. So any economic problems must be the Liberals own fault. Cannot be the CPC as they haven't had power for 26 years at that time. He cleaned up the mess that the Trudeau created and the CPC was thanked by being beatn again by the LPC.

Same drill now with Harper, cleaning up Chretien's and Martin's mess.

It seems the CPC is constantly cleaning up the books for the Liberals only to be demonized by them instead of thanked. Once the books are cleaned up. The LPC takes over with a clean slate only to mess it all up again. Don't worry though the CPC will be there again to clean it up.

[nothinarian]

With RB, it was bad luck really. It was the worst years of the Great Depression, a worldly phenomenon and hardly his or the CPC's fault. He took action at least, tried to do something innovative. King was lucky to have the war after the 1935 election.

What's Dions plan? To tax us some more with a Carbon Tax? Yeah that's Earth shattering and bound to work

Mulroney's reign came after 26 years of Liberal power. So any economic problems must be the Liberals own fault. Cannot be the CPC as they haven't had power for 26 years at that time. He cleaned up the mess that the Trudeau created and the CPC was thanked by being beatn again by the LPC.

Same drill now with Harper, cleaning up Chretien's and Martin's mess.

It seems the CPC is constantly cleaning up the books for the Liberals only to be demonized by them instead of thanked. Once the books are cleaned up. The LPC takes over with a clean slate only to mess it all up again. Don't worry though the CPC will be there again to clean it up.

You are obviously joking or drinking the kool-aid

You are obviously a blind partisan or just plain mis-informed

As a fiscal conservative I have supported both parties but to say Harper is cleaning up Martins mess is a little insincere

Martin left a 12 B surplus and Harper, while having the biggest spending government in history of our country has allowed it to dwindle so we are now struggling to baslance our budget

He makes stupid consumption tax cuts (GST) in order to buy votes instead of putting it back into my pockdet and that of my companies with income and corporater tax cuts

Don`t get me wrong I hope he gets it right and may even vote for him but to put him or Flaherty in a class with Martin on fiscal prudence is like putting Stephane Dion up against John Crosby as a communicator in english

Here is an excerpt from the infamous 95 budget that should make all fiscal conservatives proud

“In short, overall departmental spending will be cut by almost 19% in just three years. And let me emphasize, these are not the phony cuts we saw so often in the past--measures that pretended to define a slower rate of increase in spending as actual cuts. These are real cuts in real dollars.

“Over the next three fiscal years, this budget will deliver cumulative savings of $29 billion, of which $25.3 billion are expenditure cuts. This is by far the largest set of actions in any Canadian budget since demobilization after the Second World War. . . By 1996-97, we will have reduced program spending from $120 billion in 1993-94 to under $108 billion. Relative to the size of our economy, program spending will be lower in 1996–97 than at any time since 1951.”

Also see link to Harpers biggest cheerleader from the last election and what he eventually said about Harper and Flaherty being the biggest of the big spenders

http://andrewcoyne.com/columns/2007/03/fla...ig-spenders.php

[kengs333]

With RB, it was bad luck really. It was the worst years of the Great Depression, a worldly phenomenon and hardly his or the CPC's fault. He took action at least, tried to do something innovative. King was lucky to have the war after the 1935 election.

Oh, that's right he "tried to do something". At least he gave it his best shot, right? Of course had it been a Liberal PM you'd be lambasting him for his ridiculous attempt to "do something innovative..."

What's Dions plan? To tax us some more with a Carbon Tax? Yeah that's Earth shattering and bound to work

Sorry, but I think the Carbon Tax thing came before the economic meltdown... And of course, when he states that they would work out a plan after he becomes PM, the Conservatives jump all over that... what's he supposed to say: I would do nothing--just like Harper?

You still don't get the Carbon Tax, do you. Lower income tax and corporate, shift it to pollution; the less you pollute, the less tax you pay. Despite the false drama on Wall St., there still is an environmental crisis.

Mulroney's reign came after 26 years of Liberal power. So any economic problems must be the Liberals own fault. Cannot be the CPC as they haven't had power for 26 years at that time. He cleaned up the mess that the Trudeau created and the CPC was thanked by being beatn again by the LPC.

Oh, yeah, whatever... excuses, excuses... maybe if you actually knew something about the Mulroney years you'd know that he was spending when the economy was fine and driving up the debt in the process, and the worse the economy got, the more he spent. The debt went up from $200b to $600b while he was PM. He easily could have paid some of it down at the beginning, but didn't. Only he (and his finance minister) is/are to blame...

Same drill now with Harper, cleaning up Chretien's and Martin's mess.

Just proves that you know dyck squat... How many times do you people need to be reminded that it's Martin who go everything back on track...

It seems the CPC is constantly cleaning up the books for the Liberals only to be demonized by them instead of thanked. Once the books are cleaned up. The LPC takes over with a clean slate only to mess it all up again. Don't worry though the CPC will be there again to clean it up.

I'll give you the benefit of the doubt and just assume that you're deliberately trying to be a prick. If not, you just do NOT know anything about Canadian politics, and are a wast of time...

[Vancouver King]

Obama is a one trick pony and will be elected simply because he black,a novelty. Nothing more. Can anyone here describe his platform for me? He lays out no way to attain his goals. Just says he will do this and this and that, sounds familiar.

He's a great orator I'll give him that.

Obama will be elected due to the stench of neo-conservatism in Republican Washington. America will be fortunate to rebound from Bush's laissez faire corruption without riots in the streets.