January 2nd, 2008
05:00 PM ET
10 years ago

CNNMoney.com: Will Iowa affect Wall Street?

How will Wall Street react to the Iowa results?

The Iowa State House (Mike Roselli/CNN)

NEW YORK (CNNMoney.com) - The results from Thursday's Iowa caucuses will most likely monopolize front page headlines in the nation's daily newspapers the following day, but only a huge turn of events would likely interest Wall Street.

With no clear front-runner for either the political party and the general election more than 10 months away, market experts argue that investors are instead focused on more timely issues like the health of the economy, the risk of more troubling credit market news and Friday's December employment report.

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Filed under: Iowa
soundoff (25 Responses)
  1. Dawn

    I love Ron Paul....thank you for following his authentic and brilliant campaign for all American's individual liberties. Finally, someone who resonates with all of those who have studied History and sought to find patterns of success and failure....then applies the knowledge to modern day issues. Ron Paul is a great teacher, doctor and politician for hope.

    January 2, 2008 05:41 pm at 5:41 pm |
  2. Rob

    No effect. The electorate will remain uninformed as ever.

    January 2, 2008 05:42 pm at 5:42 pm |
  3. Patrick, SC

    I don't think the Iowa vote will, but Wall Street will be crushes should Huckabee or McCain get into power. Heaven help us all. Learn Spanish everyone if they do.

    BTW, I love Mexicans and I don't blame them for wanting to come here – but America needs to fix her own problems before we add more. Opening our borders or granting amnesty would do just that.

    January 2, 2008 05:47 pm at 5:47 pm |
  4. don fisk

    The anticipated tiny increase in jobs reported this Friday will likely have more dramatic results for Wall Street than the predicted results of tiny Iowa's caucuses.

    January 2, 2008 06:28 pm at 6:28 pm |
  5. Anom cal

    Ron Paul speaks for the people and our constitutional rights!
    Ron Paul will end this socialist war for oil rights!
    Ron Paul 2008..............................YEAH

    January 2, 2008 06:47 pm at 6:47 pm |
  6. Brian

    And this is why we need Mitt Romney to win, he's the champion to fix our economy!

    January 2, 2008 06:51 pm at 6:51 pm |
  7. Tim, Minnesota

    If Ron Paul wins Iowa, the stock market will skyrocket!

    January 2, 2008 06:52 pm at 6:52 pm |
  8. john williams san diego, ca.

    does anyone believe that 130,000 people in iowa or any voter in new hampshire would even cause a blip on wall street or america. these two states and the media have been playing american voters for fools to prop up the economies of the two states and newspaper advertizing. take their electoral votes and go pound snow.

    January 2, 2008 07:05 pm at 7:05 pm |
  9. Rob

    Ron Paul is a very dim bulb.

    January 2, 2008 07:26 pm at 7:26 pm |
  10. Ed,Ellenville,New York

    If goofball Huckabee wins in Iowa, Wall street will be one step closer to a democratic presidency and a sure bull run for years as all democratic presidents bring. 11% average returns. Republicans bring 3% average returns and high real estate prices. Huckabee is a gift to Wall street and a curse to home builders. We're due for a boom on Wall street and dirt cheap property. Republicans have no chance.

    January 2, 2008 07:36 pm at 7:36 pm |
  11. Matt A. , Marietta, GA

    Thank you Rob

    January 2, 2008 07:47 pm at 7:47 pm |
  12. dkt

    He is actually a Very Bright Bulb in a room full of Blind people.

    January 2, 2008 08:14 pm at 8:14 pm |
  13. JOE

    Go Huckabee!

    January 2, 2008 08:17 pm at 8:17 pm |
  14. David, Oregon City

    The elite media and republican surrogates are “dancing in the street together” as they slam Huckabee every chance they can. It’s like watching someone who came from the wrong side of the tracks crash an elite social party in a well-to-do side of town.

    Up with Huckabee! Down with the elite republicans and their talk show hosts attacking their own!

    January 2, 2008 08:19 pm at 8:19 pm |
  15. Cody

    I'm gonna NOT talk about Ron Paul and say you should vote for Dennis Kucinich. If you think he can't win, I suggest otherwise. Visit http://www.kucinichcantwin.com

    January 2, 2008 08:31 pm at 8:31 pm |
  16. Ed,Ellenville,New York

    BTW ,that's the best get rich advice you'll hear. If you think it's going to be a democrat,buy stock and hold until it's about to be a republican again. Or, wait until next year and buy property dirt cheap and wait until a republican to sell. Both strategies require a steadfast commitment to liquidating when every financial advisor says it's crazy. Greed has to be overcome or you get left holding the bag when the "bubble" bursts.

    January 2, 2008 08:36 pm at 8:36 pm |
  17. JIM

    POLITICIANS....Glad I'm not downwind. It is not supposed to be a who's who in best in show, nor a family affair, nor who has the most money or clout. We are voting for the PRESIDENT OF THE UNITED STATES. Most non-politicians care (not just talk) about religious issues, support family issues, want to keep jobs in the US, close our borders, and be able to stand head to head with our foreign leaders many of which do not value women. Even though we do value men and women equally we must still remember the world stage we must be able to converse with and get respect, and keep a strong military.
    I think we should vote for a candidate who throws the least mud and actually has the most NATIONAL ALLEGIANCE. Remember the old saying " United We Stand, Divided We Fall", We must all stand united, support our President in public, fight our fights behind closed doors, Stand Strong. By the way speaking of which: My National Hero is John McCain, he put on the boots, fought the fight, endured capture, is still standing tall and I think minds carefully what he says, knowing what he says impacts our military folks fighting right now, and wants to be our PRESIDENT, I say welcome and thank you for your past and future service. I say shame on any candidate that throws mud his way. Thanks John.

    January 2, 2008 09:02 pm at 9:02 pm |
  18. Jed in Texas

    Wall Street has already chosen the winners and the finalist in at least the last 10 elections.The big fix is in! Just ask David Bierne of the Election Technology Council.People are only given a chance to vote into office the numbskull they want as a figurehead to make them think they have a say in it all.If someone should ever get in they dont want ,the Elites will get rid of them or blackmail them!

    January 3, 2008 12:58 am at 12:58 am |
  19. William Courtland, Waterford, Ontario

    Only Congress has the right to mint paper fiat currencies.

    Wall Street is a raging stampede, and the top brokers just understand how to direct the massive flow, but no matter the direction it seems to steam-role ever larger and more greatly out of control. As the debt increases unaccounted it will crash through even the most intuitive investment brokers. The treasury is powerless before the charge.

    The market is insured and so assured that the government will always print more to protect which ever insured debt is beyond its limits for insurance.

    Real physical stock as items must exist to equal both the paper stock reciepts and the federal treasury notes. The Internal Revenue Service must make accounts: as that which is served, must equal that which is consumed; so as an antique often makes gains when well serviced and cared for and while a chair left in the path of a careless stampede will get broken and lose the worth of its crafting.

    The same mistreatment is seen of the election process with this pre-election caucus jarring and jockying for position; the colateral in the middle (the system) is trampled to make gains.

    January 3, 2008 01:49 am at 1:49 am |
  20. William Courtland, Waterford, Ontario

    Iowa is a State in the Republic; it holds in itself a possible physical value which remains orracular.

    The raw goods and materials which are promised or removed become the equal meat of the Federal dollar; in that the amount of federal dollars in circulation should equal that physical amount of buildings, items, infrastructure.

    Service earns for itself in the exchanges of goods for services, but this exchanged value as the total services provided from raw material to final sale must equal the same amount as the lifespan of the good exchanged.

    The Stock as an investment certificate should equal an amount of federal currency not in circulation so held in trust as an investment bonded, this creates its own rated Federal insurance. (any nation can do this and will create the deficits between Nation-States)

    No one persons work ethic or skill level is worth millions of dollars, this creates the unbalance in the system.

    When investment Stock does not equal an amount of federally matched notation it will create a void seen as debt.

    (The United States is not likely in debt as it owns the stock found as the material set in a service life) The Government itself must remain within this service balance and so only pay Federal, State and Civic employees what the service life equals.

    January 3, 2008 02:58 am at 2:58 am |
  21. William Courtland, Waterford, Ontario

    This may seem totalitarian. but federal notes should only be exchanged once and then return to the government for processing and destruction. In this processing the bill is accounted for destroyed and a new one is created for the next service process. The raw material is domestically always worth the same. If a waste product or bi-product is created in the processing or consuming of that raw material the waste would be accounted for and rated so adding to the final sale cost as disposal or if the waste was beneficial it would be so accounted for and subtracted from the final consumer cost. In this the waste management system is funded, and nuclear power increases in its cost. Heavy water which is still considered a waste has a service life of milleniums so the containment fee...

    Money is just a bi-product of management; it equals the physical work done by persons, animals, and machines and yet only parallels the existential physical products as it is destroyed. Money should simply be used to account for our actions in this finite world which we think is worth simply rearranging.

    Satellites are the only humanitarian global deficit to date, and Asteroids will reimburse.

    January 3, 2008 03:20 am at 3:20 am |
  22. laurie sand

    Mike Roselli's image is stunning. CNN should give him a camera andf more room to capture valuable images.

    January 3, 2008 08:34 am at 8:34 am |
  23. Steve, Canada

    The American economy and mine are going in the tank. A new president isn't going to change a thing, mostly because those most likely to win are already owned by the rich, and those who are not, don't have the influence because they aren't owned by the rich.

    Until you implement campaign/lobby reforms, no president will be able to steer the North American economy back on course.

    January 3, 2008 10:24 am at 10:24 am |
  24. William Courtland, Waterford, Ontario

    Moderation until the post leaves the ticker...

    Upon further though the method found above allows for an infinite method of growth, which is government authorized and set upon consumer requirement.

    While a raw material would hold its own stock, and that stock would change as the raw material does (the wood becomes a chair, the raw ore becomes metal which becomes a machine part) the Service quotent would be the real currency. This would be a digital system, and the chair broken still holds a stock value as- repairable or raw machined wood.

    Investment then becomes the responsiblity of a board similar to the treasury; Cash is a privacy medium which is only accounted for as with serial numbers in processing to check for counterfiet; the main system would be digital. The change in the Stock name makes the new item hold equal to the service which has been invested by a person, machine, or animal and would record such even when on paper.

    Infinte Growth... no self owning national debts. set to play equally in a world market...

    January 3, 2008 12:11 pm at 12:11 pm |
  25. Steve, Canada

    No such thing as infinite growth, Bill. And who wants infinite growth? Do you not realize that we humans are similar to a parrasite that grows and grows until it kills its host? That is what your "dream" proposes...we need BALANCE not INFINTE GROWTH...luckily, unlike the parasite, we can control ourselves...or at least some of us can.

    January 3, 2008 01:33 pm at 1:33 pm |