• Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 6 other followers

  • Sign Up for YourBlackWorld.com for free!

    Top Black News Site in

    Dr. Boyce Watkins

    Top Black Speakers Bureau

  • Advertisements

Your Black World: Barack Obama’s Effect on the Stock Market

Here’s one way to figure out how the 2008 election will affect the stock market: Look at the Presidential candidates’ platforms and speeches, and decide whether they would hurt or help particular industries.

Stock strategists and analysts try to carefully calculate the possibilities. For example, Illinois Senator and Democratic hopeful Barack Obama’s ambitious proposal to reform health care is widely expected to squeeze profit margins in the health-care industry, particularly for big insurers such as UnitedHealth Group (UNH) and Humana (HUM). His environmental proposals may help alternative energy companies, while his plans to spend more on infrastructure and universal Internet access could help construction firms and technology companies.

By contrast, Arizona Senator and Republican hopeful John McCain’s health-care plans are more modest. He generally favors less regulation, which may help the beleaguered financial sector avoid new strict rules, and lower taxes on the wealthy, which may help upscale retailers and investment firms.

Click to Read.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: