Stock market and Obama care
Posted by wlpo on October 31, 2010
The stock market has likely priced in a Republican victory this Tuesday, but Steve Witek of LPL Financial in La Salle says that may be adjusted depending on how big a Republican victory is. The conventional wisdom on Wall Street, says Witek, is betting “cap and trade” is dead. Witek believes New York financial power brokers have yet to wager on repeal of “Obama care”. One caveat: Witek says it depends on whose in control of the U.S. House in January and just what their agenda is.
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