Posted by
James Burns on Thursday, October 23, 2008 3:59:13 PM
Over the past few weeks since the economic crisis started I have noticed something. Once the bailout plan was passed, not much changed. But since then, every network has a bug at the bottom of the screen showing the Dow numbers.
When ever Barack Obama is giving a speech the Dow drops an a big way. Sometimes loosing a couple of hundred points. Now you say I must watch too much television, get a job right. But I am home on workmans comp due to a back injury, so not much else to do. Anyway when McCain speaks the market either stays steady or goes up. In all of the times I have seen McCain speak the market has dropped maybe 20 points a couple of times, but that is it. Mostly goes up or stays steady as I said.
So what does this say about our economy, investors and the market? Are they listening and responding in like fashion? Can this be a barometer for who is favored in this election? Time will tell, but sure does seem interesting to watch.