Wednesday, October 29, 2008

The Last Time McCain Held a Lead In a National Poll the Dow Closed at 11,022

I thought of yesterday's post as Karl Rove on FOX tonight mentioned that the last time John McCain lead in a national poll was September 25, when I looked it up the Dow Jones Industrial Average closed at 11,022. There certainly has been a lot going on in the financial markets beyond the American elections but the buy side certainly is looking at the policies of a potential Obama administration and backing off their bids beyond what they otherwise would have been.

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3 Comments:

Blogger RoadWarrior99 said...

And he will never hold a lead again! That seems to be obvious. The if only the Dow would have followed Obama and kept rising with his popularity. The liberal illuminati would have loved that! But they have used it to their advantage either way. That's what they do with about anything.

7:42 PM  
Blogger El Rider said...

I don't know, will we see an initial bounce in the market from some sort of euphoria if Obama is elected? Wouldn't surprise me. A short-covering rally from people who recently sold the market in anticipation of an Obama victory? Sure. If there have been traders building up short positions predicated on an Obama victory we would likely see the most short-term of traders looking to take at least some profits during the first hours after a victory speech and a steady to rising market could cause them to scramble and bid prices higher. There is the added and important effect of the fact that the election will be over and we can get on with business, whatever that may be. We could also see the flipside if McCain pulls an upset, a ritual flogging from those invested (literally and figuratively) in an Obama victory.

November 3, 2008

4:13 PM  
Blogger knowitall said...

That was when other issues like the war and experience were of value. Thanks to the mainstream media, the left-wing illuminati have been able to take the focus off of the important issues.

7:27 PM  

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