Ill never forget-- the night of the 04 election when everyone thought Kerry had won: The SP futures were tanking hard...down huge and the media outlets were reporting "Market falls off election uncertainty" !!! I couldnt believe what i heard... it was clearly tanking because it was basically announced that Kerry had won and everyone in the financial sector knows what that means. Of course, when the polls showed Bush taking Ohio and Florida, the market rallied massively and the next day was a big up day. The media is disgusting.
Good post. The markets often provide reality checks.