Wednesday, October 15, 2008

Wall St. Hates McCain

Or at least it sure looks that way.

Debate days have been particularly brutal ones for the Dow Jones, and, as we all know, bad economic news is especially bad for the McCain/Palin ticket. (Let's call it the Unstable/Unable ticket, or maybe Unsteady/Unready?)

No amount of McCain's "fear Obama" act or Palin's hockey shtick is likely to distract voters whose life savings are disappearing faster than the last remaining shreds of John McCain's honor and dignity.

The first debate date wasn't so bad. The Dow actually rose (remember when that used to happen?) 124 points on September 26.

It's been downhill from there:

  • October 2, V.P. Debate — Dow down 365 points
  • October 7, Obama/McCain II — Dow down 508 points
  • Today, October 15, Obama/McCain III — Dow down 733 points
What does this all mean?

For starters, please don't have any more debates!

Between September 26 and today, a span of just 15 trading days, the Dow is down a gut-wrenching 2,565 points, or 23%.

On the days of the last three debates alone, the Dow has tanked 1,606 points, accounting for 62.6% of that overall loss. Three days!

Do you think maybe Wall St. is trying to tell us something?

Other than "you will never retire", that is.

Anyway, look for any McCain attacks on Obama's character to go over like, well, the rest of his campaign.
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