Thursday, October 23, 2008

The Dow and The Election

Fannie Mae and Freddie Mac: That went wellImage by qthrul via FlickrExtra drama on Wall Street November 4th? Seems like a safe bet to me, on Novemeber 4 ot any other day in the near future.

http://www.politico.com/news/stories/1008/14826.html

"The next president - and his team at Treasury, the Fed and the SEC - will be saddled with managing the uncertain aftermath of the extraordinary intervention, including the nationalization of Freddie Mac and Fannie Mae, as well as the partial nationalization of the nation.s largest banks.

"So forget PA, OH, and FL. This Election Day, the smart money will be looking at GOOG, VZ, UNH and WLP, the stock ticker symbols for Google, Verizon, United Health Care and WellPoint. All are companies that market analysts say will likely react to the election results."

I'll be more interested to see where the markets stand after 6 to 8 months of new policies, new policies assuming Obama wins the election. These are interesting times.

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