Wall Street is definitely watching all those polls the networks keep touting.
CNBC's Erin Burnett told MSNBC's "Morning Joe" that Wall Street was predicting that Sen. Barack Obama will win the presidency, but an upset from Sen. John McCain might boost it:
This market has priced in Obama, has not priced in McCain. Some people say that if McCain were to have an upset and win the market might get a big pop, who knows, but down here the conventional wisdom is, is that Obama has been priced into stocks.
When asked to explain the term "priced in" Burnett said, "It just means the market expects it. So, if Obama wins the market probably isn't going to do anything one way or the other."
But Burnett said the markets were even more concerned about a possible 60 seat majority for Democrats in the Senate:
Now, the one thing that the market is going to watch, um, is, is this filibuster proof 60 that you talk about. That actually matters, whether you are going to get Democrats across the board and get a mandate on that front. The market is watching that, perhaps even more carefully than the presidential side of the election.




















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Stock Market/Wall Street
November 3, 2008 - 12:32 ET by merlin61If Obama wins, I will bet anything that the
marked drops dramatically because he is going
to tax small and large businesses out of
existence. And, will also tax everyone else too!!!
I'm praying, praying and praying for McCain/Palin.
God help us all!!!!
Obama? Obama Who?
November 3, 2008 - 13:40 ET by lareeWow talk about appropriate Temper.
http://standupformcc...
Remind me to...
November 3, 2008 - 14:00 ET by HeavyChevystay on McCain's good side...wow.
"9 out of 10 doctors agree that flag burning is the number one killer of liberals."
We have one of more of the
November 4, 2008 - 01:30 ET by jdhawkWe have one of more of the financial news TV show on at work all day. I prefer Fox Business News, but we have on CNBC once in a while. This morning there was clearly worry at what a bambi (aka stupid liberal) win would do to the stock market and the economy. If there was anything close to an endoresement of John McCain on a drive media network that was it!
Vote and vote often (yeah, the dimocrats are going to)!
Best of luck to Senator McCain and Governor Palin today . . .