This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

What Obama's Win Means for Stocks, Gold - Analysts React

"[A]t this stage an Obama win combined with a clearly Republican controlled House of Representatives will be supportive for gold in the short thru long term. Obama has shown no serious intent to reign in runaway spending and attempt to close the deficit. A Republican House might be the only line of defense if Romney cannot carry the balance of the swing states remaining. Our national debt has significantly weakened the U.S. dollar and this is the key to higher gold going forward."

Adrian Day, president of Adrian Day Asset Management:

"[W]ith the President and Democrats projected to win in Pennsylvania, Wisconsin and Ohio (CBS), the bias is tilting towards an Obama reelection. In addition, based on early completed results, it appears the Republicans will not gain control of the Senate. If these trends and projections hold up, this would be positive for gold: The threat of Bernanke being replaced and a less-accommodative monetary policy being introduced is removed; assuming the Republicans retain control of the house, then the stalemate in Washington remains, and the threat of the "fiscal cliff" remains.

"Gold trading overseas reflects this, switching from a negative earlier in the evening, when Romney appeared stronger, to a gain now [10:20 p.m. EST Tuesday], a reversal of $13. ...

"With Obama looking more likely winner--New Hampshire now projected for Obama while Wisconsin looks firmer--overseas markets are reacting as one might expect: gold reversed and now up because threat of Romney removal of Bernanke lessened (though threat was overblown); while stocks reversed and now down because of continued deadlock in Washington."

Chad Connelly, Republican Party chairman of the state of South Carolina:

"[W]e had election issues even here with extraordinarily long lines and problems that I had to deal with. Pretty stunned that America re-elected the guy who has blown up our debt and deficits. Maybe show that people now expect government to provide for them. Now moving further down the path of European socialism. Sad."
2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $121.30 0.00%
FB $94.01 0.00%
GOOG $625.61 0.00%
TSLA $266.15 0.00%
YHOO $36.67 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs