Poll Results: Market and Obama Tuesday, November 11, 2008
Posted by ei-forum in Polls.trackback
Just a quick note to let you know that the consensus last week was that the the markets will react positively to Obama.
Here is the breakdown:
- Positive = 45%
- Negative = 39%%
- Don’t Know= 15%
To be honest, we were a bit surprised – not with the outcome – but by the negative sentiment… time will tell but it is clear that it will be a difficult and bumpy ride.
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Nice poll…i think the real issue is that as much as a lot of conservatives don’t like the Obama economic plan, I don’t think they can deny that there is some level of thought process to his plans, likewise, “King Henry” and uncle Ben, are doing some really “interesting things”
I didn’t vote, but I believe there will be some good rebound in 1 quarter ’09
As far as commodities, I say a lot that commodities would rebound, their fundamentals are strong, commodities just suffered with the forced liquidation that was going on globally! With the stock market recovery, commodities would get a more solid rebound. Actually if you take a look at the chart of the s&p and commodities, you would see they are almost moving in par….
Thanks Moyo, excellent comment! We definitely agree about commodities… furthermore, despite the slowdown in emerging markets, they are still growing at a health rate… demand will pick up and commodities will overshoot. Look at OIL, 150 is probably not sustainable but under 60??? As usual, the truth is probably half-way…