Eagle Eye Opener: Election Day; Global Markets Gain

Eagle Eye Opener

The Finish Line: Obama or Romney (YahooFinance.com)

Today’s a big day for investors as U.S. voters decide if we’ll have four more years of President Obama’s programs or if we’ll shift gears as a nation and let Mitt Romney direct our country and influence its markets until 2016. By one writer’s count, there have been more than one million television ads featuring the two candidates, innumerable public appearances across the country and three debates. After all that, if you still haven’t made up your mind, well, it’s time to do so. Vote today.

 

Global Markets Maintain Status Quo Ahead of U.S. Vote (RichmondTimesDispatch.com)

For the most part today, overseas traders avoided any big moves as they seemed to be awaiting the outcome of today’s U.S. presidential election. European markets edged a bit higher, with Britain’s FTSE 100 moving up 0.2% to 5,850.6, Germany’s DAX rising slightly and France’s CAC-40 adding just 0.1% to 3,452.93. Asian markets slid the tiniest bit the other way, with Japan’s Nikkei 225 index dropping 0.4% to close at 8,975.15, Hong Kong’s Hang Seng losing 0.3% to 21,944.43, while indexes in Thailand, Singapore and mainland China all dipped. Tomorrow could bring a flurry of activity if the outcome of the U.S. presidential election is known by then.

 

Do the Rich Get Poorer? Depends on if You Believe BMW’s CEO  (Reuters)

Investors in companies that make luxury items often have been shielded from the effects of severe economic downturns, as the super rich still have the means to conspicuously consume. And with production facilities running flat-out to meet demand in China and the United States, you would think that would be the case with BMW. But it’s not, if you believe the company’s CEO Norbert Reithofer. He announced that the prospects for continued profitability are dampening, as the Germany-based carmaker faces stiffer competition in Europe. However, Reithofer’s announcement should be taken with a grain of salt, as it was made on the heels of BMW’s stronger-than-expected Q3 report, which saw the luxury make’s profitability run 14% ahead of estimates. So, does BMW rise or fall in Q4, we’ll have to wait to decide.

Exclusive  Book 61.74% Gains in Chipmaker Call Options

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Last week was mixed for Wall Street and the capital markets on several fronts. Thanks, or rather no thanks, to Hurricane Sandy, the Northeast faced billions of dollars in damages with New York and New Jersey hit by power outages, gas shortages, fallen trees and damaged houses.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE