Friday, November 7, 2008

The investor class votes late

Dow down 1000 in two days since the election.

BTW - If you have a 401K, you're one of the Wall Street plutocrats.

1 comment:

JamesR said...

Do you think the lead-ins and headlines would be tying this crash in to McCain's victory in any way, if McCain had one?

Silly question isn't it.

Instead, not only are they not connecting the election results to the 10% drop in the market which has occurred since, the media is of course going out of its way to assure everyone that it has NOTHING to do with the election. Yep, right there, second or third line of the article in this morning's daily rag I subscribe to. "Analysts say the election results have no impact on the drop."

The pundits who predicted a post election "buyers remorse" on the part of the media, or the media gaining some sort of "conscience" for the non-stop Obama Cheerleading, are idiots, IMO.

Most presidents get about a 3-6 month 'honeymoon' (except W who got zero honeymoon in 2000, after his right wing facist Supreme Court "appointed" him to the presidency over the properly and duly elected peoples' choice).

Dear Leader's Media Honeymoon will be indefinite. Oh, there will be some critical stories in year two of four. Maybe in the year 2010 we'll FINALLY find out a little about his history and his associations, in Chicago. But within 18 months of the next election, it will be breathless cheerleading time again.