Professionals traders "Sell on rumor, Buy on fact". They are selling now on the 'rumor' of an Obama win. When McCain/Palin win, the markets will explode up in a huge relief rally.
I don’t want obama, but there is little McCain can do to fix the economy. Government needs to stay out of it.
Media induced panic.
What Credit Crisis?
http://mjperry.blogspot.com/2008/10/what-credit-crisis.html
http://www.minneapolisfed.org/research/WP/WP666.pdf
sell today pay 15% taxes
sell after obabam becomes president pay 30% taxes.
THIS IS THE OBAMA PANIC.
Dow futures are down this am.
(HELLOO FOLKS every time Obama is reported up in public polls, the stock market plunges.)
BTW did anyone catch the republican 527 that has thet Rev Wright Ad?
I think, for once, Dick Morris is onto something. I believe that the whole erosion of McCain’s support during the financial crisis was due to the investor class getting whaled on: that is mainly senior citizens and married couples in the suburbs. These people have already seen their home values plummett and now their 401k’s have plummetted.
McCain would do well to re-persuade this class to join him.
Dick Morris also talked about a commercial to be run about Jeremiah Wright and gave a website to donate to help run the ad. Did anyone catch that website?
The media continues to “talk the market down”. This helps Obama. If Obama wins the media will stop the morning gloom and doom of what the days market will look like and the sell off will ease. The media is creating a good share of the panic to aide Obama.
We need to go to war over the media and if the republicans don’t take a stand soon against the MSM it is over for all of us on the right. It is just unbelievable what the media has gotten away with this election.
Tie the market to the most widely disseminated polling results. I’ll bet it mirrors Obama’s results; he’s up, it’s down.