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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • November 2, 2010 07:06 PM UTC by Cheryl Casone

    Best Guess: Election Night

    It is finally here, election night 2010, and I’m watching to see what direction the markets will take tomorrow morning.  There are two distinct news events that will most likely shape what trading, and actually the next year, will look like.  First, depending on the number of votes that sway Republican in the Senate, you may see a guarantee of the extension of the Bush tax cuts for all Americans.  I’ve had countless discussions and debates here at Fox Business about the effect taxing just the top 2% would have on the overall economy, and I defer to those smarter than myself who say you cannot raise taxes on ANYONE in a down economy.

    I’m also curious as to what the Federal Reserve meeting produces tomorrow afternoon at 2pm Eastern.  I defer to Goldman Sachs’ estimate that Mister Bernanke will commit to buying $500 billion worth of U.S. treasuries.

    Best Guess Wednesday:  The Dow hits a new 2010 closing high. 

    To some other best guess’ from the last week, or if you will, a Best Guess Palooza!

    As economy improves sales of anti depressants will fall.

    Jimmy Choo will file for an IPO.

    McDonalds “McWedding” service comes to the United States. The South Koreans love it!

    Congress will pass a bill to send $250 dollar checks to seniors for 2011.

    Nike is now the exclusive apparel maker for the NFL.  Expect other sports to follow.  This could be trouble for Adidas.

    The housing market would have began to see a recovery in the second of next year. Because of the foreclosure controversy, it will be two to three years away now.

    Nancy Pelosi will say that more Americans should be on food stamps.

    Developed international market funds will continue to outperform domestic funds.  The money to be made is overseas for the next 12 months.

    Americans are starting to change their perception of “leverage”. The Susan Sarandon character personified many Americans.  She borrowed on top of borrowing.  The movie once again shows that greed is bad.

Carla, Ballwin,MO

Last night,some really good folks didn't win. Thing is - never get emotionally wrapped up in money or politics - especially money. A tone of alliance,rather than divide and defeat would be refreshing - am I dreaming? The new conquistadores will give the Dems a fit!

November 3, 2010 at 11:11 am

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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