Well the stock market was down big time again today, with the Dow closing below 10,000 for the first time since 2004. And why shouldn't it be down? The election polls taken over the weekend show the United States electing its first socialist President. Take the $700 billion and run I'm sure all the capitalists are saying as they run for the exits.
Here's the thing. The $700 billion was to bail out the banks, not the stock market per se. So there is no reason for stocks not to continue down until they find a level where investors are comfortable buying again.
And if an Obama win drives down the stock market, well I'm sure they would say that's a small price to pay.
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