Equity futures were suspended this morning around 4 am mst on the NYSE. This indicated that the market was expected to close over 1100 points down. It hasn’t. I don’t see a complete capitulation. Perhaps things will rally off this plateau. The Dow is still trendng lower and I believe will drop below 7800 at some point.
The culmination of the Bush/Cheney Neocon agenda arrives today. Obama should be up by 10-12 by the middle of next week. A Democratic sweep is coming.
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will cause a nice bump in the market. It won’t last as people will then wait to see what he is going to do – but we will get a return to optimism.
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The explanations I’ve seen just don’t wash.
Prices are being manipulated to minimize the impact on the election.
Similarly, the Fed is injecting cash covertly to prop up the DJIA.
You want to see “historic ?”
Check back on 11-05-08.
The same “investment banker” speculators that demanded the $700 Billion ransom from Bush
are pulling out all stops to keep McCain-Palin in the game.
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Last I heard most on Wall St now support Obama. They realize that they need competent management of the economy.
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Wall Street sharks want competence in government, and the regulation and oversight that goes with it, like I want a toothache.
Not so much.
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