Where are all the Political Cheerleaders today?

Wednesday, September 22, 2004 | 04:08 PM

Djia_92204_1

The market got creamed today. Dow off triple digits, Nasdaq down almost 2%, S&P500 rocked.

So where are all the Political Cheerleaders? Where are all the people claiming the rally from August 13th to Spetmber 14th made the incumbent a lock?

Today is a perfect example why I find the connection between polling data and the markets so utterly tenuous: For those who mistakenly insist that the market is a political polling device -- and not an economic discounting mechanism -- pray tell: What does today's market action mean for your candidate or his opponent? Obviously, it means doom for (insert your least favorite candidate here).

For all the idiots who think the market is predicting politics, this new excerpt is for you:

"Today's market action indicates that Bob Yuldock, candidate for dog catcher, is inevitiably heading for double-digit defeat. Furthermore, the action in the bond market, where the 10 year broke below a 4% yield, unequivocally concludes that his wife is fat and his kids are ugly.

In other news . . . "

It bears repeating: Your taxes are going higher, regardless of who wins on Nov. 2. Oil will be expensive. GDP will be modest. While different sectors may do better or worse under each candidate, Greenspan will still be Fed Chief. That matters a whole lot more than who is sitting in the Oval Office...

Wednesday, September 22, 2004 | 04:08 PM | Permalink | Comments (3) | TrackBack (2)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d83456f1f369e2

Listed below are links to weblogs that reference Where are all the Political Cheerleaders today?:

» Where are all the Political Cheerleaders today? from BOPnews
The market got creamed today. Dow off triple digits, Nasdaq down almost 2%, S&P500 rocked. So where are all the Political Cheerleaders? Where are all the people claiming the rally from August 13th to Spetmber 14th made the incumbent a... [Read More]

Tracked on Sep 22, 2004 5:10:43 PM

» Where are all the Political Cheerleaders today? from BOPnews
The market got creamed today. Dow off triple digits, Nasdaq down almost 2%, S&P500 rocked. So where are all the Political Cheerleaders? Where are all the people claiming the rally from August 13th to Spetmber 14th made the incumbent a... [Read More]

Tracked on Sep 22, 2004 5:15:07 PM

Comments

"Greenspan will still be Fed Chief. That matters a whole lot more than who is sitting in the Oval Office..."

What an absurd statement!

Posted by: anne | Sep 22, 2004 7:09:17 PM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner