DOW Down 500+

tatown | 10/22 | tatown

[TexasNative2000]

The WSJ reported that Obama was up 10 points on their front page; hence naturally the stock market droped.

No, no, no...... The market didn't NOSEDIVE until after noon when the AP poll came out showing McCain and Obama virtually tied. (Just getting ahead of the MSM for this evening's newscasts). Obviously, the market is scared to death of a McCain win..... /s

[BGHater]

[ground_fog]

Since the SEC repealed the uptick rule, shorts can do whatever they waant to drive down a stock. Chris Cox is completely corrupt.

[tatown]

Wholesale price of gasoline (RBOB) is down to $1.57/gal.

http://www.nymex.com/index.aspx

[Ikemeister]

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[meandog]

I suppose this seals the deal for Obama. Job losses, manufacturing orders, DJIA...it all adds up to a landslide for what is going to be four and possibly eight years of socialistic hell. Thanks to you, George W. Bush!!!!

[FormerACLUmember]

The stock market is merely anticipating the economic effects of the victory of Obama and the mega-crooks of the democrat Congress.

[Uncle Miltie]

There’s a new Bailout on the horizon, so stocks are down.

[saganite]

Earnings reports from yesterday are driving it.

[tatown]

Well, which is it? We are contantly led to believe that the polls are wrong and that McCain will win, yet you are saying that the market is anticipating an Obama win.

[Uncle Miltie]

"Thanks to you, George W. Bush!!!!"

Don't forget Don Paulson and Capo Bernanke.

[Travis T. OJustice]

Seeing it this low pisses me off. It’s like there’s a brand new chainsaw some widow is selling at a tag sale for $5, and i only have $2. I want to be able to buy more at these bargain basement prices!

[LibLieSlayer]

This is due to the polling that distorts reality for osamabama... the media is talking down the markets by talking up hussein.

LLS

[utahagen]

There may be some mischief afoot, but I think erratic or falling stock markets will help McCain. Pro-choice but moderate-to-conservative Dems, Reps, and Independents may fear that Obama’s plans to expand the government would sink the markets for a much longer time than McCain's policies would. Pro-choice voters who make 100-300k may realize that Obama will confiscate more of their income than McCain AND will hurt business, therefore, the stock market, generally. This combo will really slam the upper-middle class. I think many people who would have voted for Hillary Clinton know that Obama is much more liberal than HRC and is beholden to groups who make either very little money or enormous sums of money. For example, with Obama as President, a dentist who is married with kids and living in suburban New Jersey will net less than many government and union workers without graduate degrees. I just don't envision people like this pulling the lever for Obama on Election Day, regardless of what they tell pollsters.

[CodeToad]

Buying time!

[Digger]

We have much bigger problems than who will be the next puppet president. Did your credit card balance change just because of one person in the presidency? Heck no. We are buried in debt with neither of these two idiots running & the many socialist knowing or willing to make the correct moves. I see a stock market around 6000 & just possibly lower within 6 months. (BTW I made a bet with my good friend who said that the market would be up 10% this yr. I told him to double the bet & I'll take the market below 10,000.)

[PermaRag]

Bingo. The media, moneychangers and market manipulators are going all out to ensure that America votes for our own version of Robert Mugabe on election day.

Not content with merely "talking down" the economy to help our National Socialist Party (as the media does every 4 years), this time they are pulling out all the stops.

The daily crash & burn we are seeing in the market has absolutely nothing to do with "people", i.e. small investors, selling in panic. It has everything to do with the big Wall Street firms, foreign investors, etc. manipulating the market for their own gain and for America's demise.

Barack Hussein O'Bongo is just the puppet, much like FDR (our last National Socialist president) - look for who pulls the strings.

[lonestar67]

I actually also have a counter- conspiracy theory which is that Bush and others realized that the best way for the US to get back at its enemies was to trash the American economy.

As bad as it sounds, it would have as a side effect the suppression of oil and gas prices. It would devastate high income earners first and American would recover faster and better than all foreign economies.

Low oil prices devastate Russian, Iran and many other evil governments. Slow US economy ravages the Chinese economy.

Sometimes giving people what they want is the perfect medicine. I also count this as a possibility. I think investors have been trying to crush the US economy for about 6 months. I think the Russian invasion of Georgia was part of the global concert. Russia hoped it would jack up oil prices.

Low gas prices are one nice positive side effect of this whole affair.

[bert]

Or perhaps the double whammy of the WSJ and Rush confiding a conversation with a business friend who said his board has asked him to plan for implementation of big lay offs. The same person said his bank wouldn’t loan him money because they thought his sales would decline 20% with an Obama Presidency.

Business is apparently extremely afraid of an Obama economy destroying tax cut and other crippling regulation

One wonders if Barney Frank is piling on to scare people out of an Obama win that he sees as a negative for his party

[tumblindice]

My Vanguard 501k quarterly earnings statement (all stocks) arrived yesterday.
I was expecting bad news but came out ahead, just not as much as usual.