Obama Wins Re-Election With Romney Defeated In Key States (Bloomberg)
Obama defeated Republican Mitt Romney, winning at least 303 electoral votes in yesterday’s election with 270 needed for the victory. With one state — Florida — yet to be decided, Romney had 206 electoral votes…Obama won the battleground states of Ohio, Virginia, Iowa, New Hampshire, Wisconsin, Nevada and Colorado. He also carried Pennsylvania, where Romney made an 11th-hour bid for support to try to derail the president’s drive for re-election. North Carolina was the only battleground Romney won.
Romney Campaigns To The End (WSJ)
Hours before Mitt Romney lost his six-year quest to win the presidency, he said he had prepared only one speech—a victory speech…Until the final hour, Mr. Romney and his aides expressed confidence that he would win. The candidate, who prefers data and metrics to chitchat, appeared to be caught off guard by the loss even though he trailed in polls in crucial battlegrounds such as Ohio.
Triumph Of The Nerds: Nate Silver Wins In 50 States (Mashable)
The Fivethirtyeight.com analyst, despite being pilloried by the pundits, outdid even his 2008 prediction. In that year, his mathematical model correctly called 49 out of 50 states, missing only Indiana (which went to Obama by 0.1%.) This year, according to all projections, Silver’s model has correctly predicted 50 out of 50 states. A last-minute flip for Florida, which finally went blue in Silver’s prediction on Monday night, helped him to a perfect game.
Loser Ryan Also A Winner (NYP)
The Republican vice-presidential hopeful hedged his bet by running for re-election to his congressional seat in Wisconsin — where last night, he was declared the winner for an eighth straight time.
Goldman Partners Pocket $22 Million (WSJ)
More than 30 executives, including Chief Executive Officer Lloyd C. Blankfein, recently cashed in stock options awarded in the afterglow of the company’s initial public offering in 1999. According to a securities filing, the executives, all Goldman partners, pocketed a total of $21.8 million by exercising options and selling the underlying shares in the three days after the firm reported third-quarter results in mid-October. The options expire at the end of November, and cashing in produced instant profits because Goldman’s share price is more than 50% higher than when the options were awarded in 2002. “By exercising 10-year-old options before they expired later this year, executives captured some of the value we have built for shareholders over that period,” said a spokesman for the securities firm. In contrast, many of the executives’ remaining options are worthless, at least for now, because they were granted from 2005 to 2008. The stock peaked in October 2007 at about $239, or 89% higher than Tuesday’s closing price of $126.25 in New York Stock Exchange composite trading at 4 p.m. The biggest gain went to Michael S. Sherwood, a Goldman vice chairman and the firm’s top executive in Europe, who received $5.2 million from exercising options on 115,211 shares. Mr. Blankfein collected $3.1 million, while departing Chief Financial Officer David A. Viniar got $2.3 million, the filing shows.
JPMorgan Nears SEC Settlement (WSJ)
JPMorgan is close to a settlement with the Securities and Exchange Commission that would end one probe into how the company’s Bear Stearns Cos. unit packaged and sold home loans to investors, according to people familiar with the case. A pact with the nation’s largest bank by assets would be the first tangible victory in a wide-ranging SEC investigation into Wall Street’s sale of mortgage-backed securities before the onset of the financial crisis. Since 2010, the SEC has issued more than 300 subpoenas or document requests related to the probe and collected more than 30 million pages of documents, enforcement chief Robert Khuzami said earlier this year.
BNP Paribas Third Quarter Net Doubles On Trading Gains (Bloomberg)
Pretax profit at BNP Paribas’s corporate- and investment- banking unit, or CIB, rose 7.3 percent to 732 million euros, beating analysts’ estimate of 686 million euros. Revenue from equity and advisory operations climbed 51 percent to 444 million euros, while fixed-income sales more than doubled to 1.13 billion euros.
After Obama Victory, Donald Trump Rants On Twitter (ABC)
“We can’t let this happen. We should march on Washington and stop this travesty,” Trump Tweeted. “Our nation is totally divided! Lets fight like hell and stop this great and disgusting injustice! The world is laughing at us. This election is a total sham and a travesty. We are not a democracy! And then: “Our country is now in serious and unprecedented trouble…like never before. Our nation is a once great nation divided! The electoral college is a disaster for a democracy. Hopefully the House of Representatives can hold our country together for four more years…stay strong and never give up! House of Representatives shouldn’t give anything to Obama unless he terminates Obamacare.” And finally: “This election is a total sham and a travesty. We are not a democracy!”
Fitch: No Fiscal Honeymoon For President Obama (CNBC)
President Barack Obama will need to quickly secure agreement on avoiding the “fiscal cliff” and raising the debt ceiling following Tuesday’s elections, Fitch Ratings said. The economic policy challenge facing the president is to put in place a credible deficit-reduction plan necessary to underpin economic recovery and confidence in the full faith and credit of the U.S., according to Fitch. Resolution of these fiscal policy choices would likely result in the U.S. retaining its triple-A status from Fitch, the firm said. Failure to avoid the so-called fiscal cliff and raise the debt ceiling in a timely manner, as well as securing agreement on credible deficit reduction, would likely result in a rating downgrade in 2013, Fitch said.
The New Haven For Investors (WSJ)
Treasurys have a new rival for safe-haven status: U.S. companies. Bonds of Exxon Mobil and Johnson & Johnson are trading with yields below those of comparable Treasurys, a sign that investors perceive them as a safer bet. It is a rare phenomenon that some market observers said could be the beginning of a new era for debt markets. It could ultimately mean some companies will borrow at lower rates than the U.S. government.
Swiss, Greeks Begin Talks On Tax Deal (WSJ)
Switzerland has begun formal talks on a deal to tax assets stashed in secret Swiss bank accounts by Greek citizens, in line with similar agreements struck with other European countries, the Swiss government said Wednesday.
Woman Wearing MIT Shirt Nearly Banned From Voting In Boca Raton (BNN)
A woman attempting to vote in West Boca Raton yesterday was initially prohibited from entering the polling place because she was wearing a t-shirt with the letters MIT. BocaNewsNow.com heard from multiple sources that an election supervisor at the polling place ultimately realized that MIT stands for “Massachusetts Institute of Technology” — a school where students tend to know how to spell — and was not a campaign shirt for the Republican candidate, who spells his name MITT. Campaigning is not permitted within several yards of a polling place. The woman was ultimately allowed to vote.
aye
How are the Fox News people doing this morning? I am worried for them.
I wish Twitter would go away forever.
Obama did it! The world will love us again!
"Woman Wearing MIT Shirt Nearly Banned From Voting In Boca Raton"
In a related story thousands of voters were turned away from voting in Tuscaloosa.
If were really good and eat all our veggies at dinner, can we be like Greece?!!?
"Your hair is totally divided! Lets fight like hell and stop this great and disgusting business in the front and party in the back. The world is laughing at us."
I'm more worried about my 5 bil Oct 13 115 warrants which increasingly look as though they will go off worhtless.
I am in discussions with lloyd to tender these back at a negotiated sum for all the business I put through there. I will not be acquiring five percent of the company,
What are you supposed to do for an election lasting more than 4 hours?
Four more years of Obozo???? Ah, WTF.
On a positive note marihuana is legalized everywhere.
Retweeted! #IDontReallyKnowWhatRetweetingIs
- Everyone with actual shit to do
4 more years of Barry wearing mom jeans and just killing it!
The Donald should have at least given proper attribution for part of his rant to Woody Allen:
Fielding Mellish: I object, your honor! This trial is a travesty. It's a travesty of a mockery of a sham of a mockery of a travesty of two mockeries of a sham.
Chappy Sinclair is a god damn National Hero for saving Bess' Inbox from terrorists.
"Waltzing Matilda, WALTZING Matilda, you'll come a waltzing Matilda with me…"
Is your name supposed to mean you're actually robo-tripping? If so I hope you're either under 15 and in boarding school or…. and actually even the one time I did it in that situation was a horrible call.
In other news, hooked-on-phonics is also currently legal anywhere, maybe you should investigate expanding your mind though that method first.
Dextromethorphan (DXM) is an antitussive (cough suppressant) drug. It is one of the active ingredients in many over-the-counter cold and cough medicines. It is sold in syrup, tablet, spray, and lozenge forms.
DXM is also used recreationally. When exceeding label-specified maximum dosages, dextromethorphan acts as a dissociative hallucinogen.
We like to think of the economy as our child.
they really dont look good…who knows why…<img src="http://tinyurl.com/9xpuefo" width="1" height="1" />
Why are comments from CNN.com showing up on dealbreaker?
Sotp ouy kant vout heer!
- Boca Raton polling staff
Who else got a whiff of Michelle-O's victory fart?
Well good luck with all that.
-Canada
WTF is wrong with Florida? They could have swung it our way. The whole place should just sink into the gulf.
March on Washington? Even I think Donald is smoking his fucking toupee. I'll invite him to the next shooting party.
He's missing my daily market comments and strategies letter.
goz goood wit grape
That's actually completely and utterly incorrect.
Dear President Obama,
We congratulate you on your re-election! We look forward to working cooperatively with you as we have done in the past.
As a sign of our good will, we present you with this post-election day gift.
Sincerely,
The Publicly Traded Markets
Seriously amazed how loony seemingly educated people become when faced with the fact that a half black guy will be in the White House for four more years.
~long hair, don't care
same
I have it on good authority that Obama hates white children.
Canada,
Your chances of avoiding whatever consequences we bring upon ourselves is roughly the same as the chances of a conjoined twin not coming down with the cold after his brother starts sneezing.
- United States
Paging UBS electoral college quant, will accept his counterparts from either UBS or Rochdale's trading desk if need be.
Dow -240
Nice.
I don't disagree with the content of your post, but why the fuck do you always ask people if they got that?
- Guy who has a feeling that the above is the same poster as the "you keep winning it guy"
MSNBC reports that the foul stench caused an oak tree to become petrified.
I am also long hair.
- MD, Ponytail Capital
Through*
Not the same guy that usually says it, and actually wonder why he says it so often as well, but I've begun thinking it's a good way to infer the person your directing your comment at lacks basic comprehension skills and mental faculties.
-Guy who is sorry he could not further inform the discussion on why the fuck someone always asks people if they got that.
Seriously amazed how loony seemingly educated people become when faced with the fact that people vote based on issues not looks
reminds me of Chris Rock's joke from '08, something like:
Barack: Baby, I won! I'm president!
Michelle: No nigga, WE won.
It was my endorsement.
Yep, markets are rational!
-Ghost of the Dow, Summer 2007
disagree.
RBC, Scotia-McLeod, BMO, TD
Dont knock the intelligence of these fine 24 year old analysts on this board who still vote based on the dribble they picked up in college; it will be at least another 4 years before they realize voting for Dem this year was effectively voting against their continued employemnt.
Nah, many of my well-to-do friends are closet racists. The hate for Obama surpasses any hate I ever saw for Clinton or any other prominent dem. Do his policies really impact their parents picking up their Amex statement and the $3k rent? Maybe the inheritance tax is THAT important to their self-entitled asses, idk.
you clearly did not see the racial breakdown.
You just read an article about that they're separating that human centipede from Adams, NY, didn't you? Right before posting this?
I could be wrong, but I think the financial sector was taking a bit of a hit before Dems took over the White House.
I knew it, been trying to get stopped in on the short side of some DIA down there.
SIZE
Voting for a nut job who thinks Jesus will come back and rule from Missouri(!!!) was clearly the best choice…..
Yay, I just found out I have electricity.
–Guy with electricity
You already fucked us on Keystone XL, so lets just say we've done some contingency planning.
- Harper Government
You forgot to sign your post Kid Rock.
His religion really doesn't have anything to do with it. If anything, Romney should be commended for his commitment to the well being of others in his Church.
How dare you make sense!
Mitt has over $100M sunning in the Caribbean and probably cried in the car last night.
Depends how many siblings you have and what state you live in.
1 mil is still exempt under current law.
If you are in texas and florida, use that for retirement and go to work hard.
Why you mad bro?
Glad it's over. Too bad they'll all be back upon us like a plague of locusts in four years.
– Ohio
" The Democratic incumbent led among African Americans by 93 percent to 7 percent – the best performance by a Democrat since Lyndon Johnson in 1964."
- Analysis: A demographic tidal wave brings Obama a tight but decisive victory
SFGate
Breaking news: douchebags are still douchebags, winners will keep on winning.
Sic transit gloria mundi
Why did Fox News cameras focus on the crazy black people at victory speech going bonkers? I couldn't help but wonder how many n-word comments that sparked from viewers in red states.
so, about that Apple position at Rochdale….
Lame duck president? Check! V.P. that's already showing signs of suffering from senility? Check.
We'll see you in 6 months!
-Political Strategists a.k.a. plague of locusts
Rush, on a negative note, pain killers are still not OTC.
A spade's a spade
Stan Marsh: You guys, we watched Craig show all night long.
Token Williams: Yeah, it was great.
Stan Marsh: Yeah, but don't you see? We didn't think it was great before. I think I understand now. I think I know why Craig show gets such great ratings: half the school is high on cough medicines.
Is Rochdale still long 1.6 mil shares AAPL.
Good thing they have their balanceshhet to work out of it with.
I'm getting more and more concerned that that guy has syphilis.
Or a serious prescription drug problem a la Rush.
$1M? What's it like to be poor?
It is 55% above that, plus state tax.
better ditch the hubris and put that to work for your retirment.
I feel so cold and empty inside.
-America
Hey….you have to have deep pocket, bruh.
Donald Trump is the living embodiment of Daffy Duck – Sufferin' succotash
Obama gettin' it done on 1st day after re-election!
Who is Gloria Mundi?
does that mean what you think it means?
-Papal Studies Major
Behold the Obama Rally.
Bloody hell America…WTF….. your markets are like a kindergartens' toilet floor….
still too soon.
drivel? Maybe you should have tried college.
Oh well, there's always next year!
- S Palin
Imply
you're
Well, if Obamer is so great, why doesn't he do something about this storm that is about to hit NYC again.
I've plowed every sorority girl on campus and I cried after WINNING the biggest game of my life.
~AJ McCarron
Someone who got sick in transit.
I think he was alluding to style of play during pickup basketball games.
-UBS Intramural Sports Quant
It is actually overwhelmingly in an IRA which was placed inside a trust which will be taxable at a federal and state level depending on where he does.
Listen to this guy!
Then a big Turkish shell knocked me arse over head, and when I woke up in my hospital bed.
Lotta people have that feeling today.
'Cause he won. Storm is back to being your problem. Deal with it.
You're far too rational to be commenting here.
I think they are considering doing a Dian Sawyer right now.
http://gawker.com/5958389/heres-video-evidence-of…
http://www.investopedia.com/sellonthenews
I see you are already saving vowels for a rainy day.
I think it's "drivel". Unless you are implying that they were all on Div-I hoops scholarships, in which I commend you for your subtly clever redstate dog whistling….
I'm listening.
- Real good listener
Please reassure me you're not Financial Samurai in disguise
Too many white people in NYC. Mr. President is not a fan.
Good thing I'm already unemployed!
- Every college graduate since 2008
You must be really smart.
He's a proud graduate of the Rochdale Equities Trading Training Program!
Kaminsky is that you? I thought Christie told you to shut the fuck up and get out of your house before today's storm hits.
who gives F*ck about the markets. The markets dont help the majority of the US how makes less than 85k and dont even have the money to own stocks or can save for a 401k.
We dont take kindly to them sensible types around here
If Ohio tasted like Oklahoma, there would be a lot more of us in Cleveland.
Yes.
– Vatican II
*Every marketing major graduate since 2008
Fixed.
Swing and a swiss miss………
Hey guys, great news, no need to worry, the latest from Dealbook: "With an Obama Victory, Wall Street Pivots to Plan B"
See, they must have had a plan B the whole time, things will be looking great in no time!
Nah it's that chick from the shower scene.
They'll need my services with all the blood sputters and exploding heads.
- Dexter
I'M YELLING BECAUSE THERE IS A BLOND SQUIRREL ON MY HEAD!
COUGH! I think I be getting me sum of dat Obama Care……….
Too bad they didn't have plan B back in Kenya…
I'M YELLING OVER MY EXHAUST!
…except for the fact that he's an ultra-Zionist and would most likely carpet bomb the shit out of Tehran for wagging a finger at that sociopath Netanyahu, possibly sparking WWIII, other than that, yeah his religion is cool bro
Median household income is around $50k. If you're making $85k and don't live in NYC, Westchester/Fairfield County, DC or parts of California, you should shut your trap…
I yell into my pillow because it's cheaper than a divorce.
- Surburban Husband
at least we have markets….
Well, good to see the internet's back up and working in the Idaho panhandle.
Hey !
well whitish
Is there any other way to work?
-Peter North
-UBS Geography Quant
6 losers so far
On a day otherwise filled with discussion about black dudes from Chicago and cough syrup…seems like as good a time as any for this:
[youtube ar-sduhNbi4 http://www.youtube.com/watch?v=ar-sduhNbi4 youtube]
-Not a swagged-out African American 4 year old, but a fan of his work