Reuters: McCain, Clinton wins may soothe Wall Street worries

[DrFunkenstein]

The victories by John McCain and Hillary Clinton in the New Hampshire primary could signal a less nerve-wracking presidential race for Wall Street, since both are known entities seen as party moderates.

Views that both candidates are moderates within their parties soothes some of Wall Street's fears of protectionism and tax increases, analysts said.

"Trade is important in this election and both these candidates are pragmatists and understand the importance of free trade," Doll said.

Michael Darda, chief economist at MKM Partners LLC, in Greenwich, Connecticut, said the two are also seen as more moderate in terms of fiscal policies.

"They are more centrist, so there wouldn't be as stark a difference between them on fiscal policy than you'd see with some of the other candidates," he said, pointing to Obama or Democrat John Edwards, a former North Carolina senator, versus Huckabee or former New York Mayor Rudy Giuliani, another Republican.

With Clinton, Craig Hester, CEO of Hester Capital Management in Austin, Texas, raised concerns about the cost of some of her policy proposals, including a health-care overhaul, but said he still thought she was still likely to be more fiscally conservative than Obama or Edwards.

"The market knows what McCain stands for, and Hillary has been around long enough for us to have a fair idea what she's about," he said.

http://news.yahoo.com/s/nm/20080109/pl_nm/usa_politics_markets_dc;_ylt=AgFn6KMCbkQYjjeyTi8BkEdWr7sF

[BringBigDogBack]

1. lol!

[Atman]

2. And after all, aren't the rich paper-traders on Wall Street what it's all about?

I mean...if they're not making their Bimmer payments, or can't spend an extra week at the lake house, aren't we all just a little bit poorer as a nation?

:eyes:

.

[TwilightGardener]

3. McCain admitted publicly he knows nothing about economic matters--

how does he have any credibility on the economy?

[aquart]

And I believe him on that.

[bdamomma]

4. maybe because McCain and Clinton are more concerned with

Wall Street than Main Street that is why Wall Street is breathing a sigh of relief, we have a long way to go 48 states to go.

[lapfog_1]

5. Wall Street is conservative

in the truest sense of the word. Wall Street wants the status quo and predictable future behavior, and with both of these candidates, they got that. Status quo.

[Thrill]

6. They like the status quo. Where their pockets get filled

[Tarheel_Dem]

7. Well that pic makes me feel all warm & fuzzy inside.....

:puke:

[ingac70]

8. two peas in a pod. n/t.

[aquart]

11. L. I. A. R.

[ingac70]

12. ....

http://www.dlc.org/ndol_ka.cfm?kaid=137

[BeyondGeography]

9. "Hillary has been around long enough for us to have a fair idea what she's about"

:thumbsup: :toast:

[Strelnikov_]

10. Well, hell then. Thats all I need to know.

Go Hillary!!!