Just one example. This columnist suggests that what has driven the stock market down is the anticipation of an Obama presidency! Like there couldn't be another reason...lol. Investors Flee From 'Change' Obama Hypes http://ibdeditorials.com/IBDArticles.aspx?id=309998514066924
Uh, yeah, that's the ticket. It has nothing to do with deregulation and the lack of adequate oversight. The market desperately wants Elmer Fudd and Palin in the White House.
If we can link the financial problems to Obama, this will make Al Gores internet invention tame news.
I've seen a number of professional traders/money managers interviewed that also think at least part of the markets decline is the anticipation of an Obama presidency. Although it's obviously subjective, it's certainly not far fetched.
I'm a trader, you're in a trader's forum. gimme a break. Can you for just ONE post forget your political bias ?
I think that, by combatting every falsehood presented, Obama has become fairly Rove-proof. (Although Rove may ostensibly no longer have a hand in such matters, he has inspired a new generation of Republican henchmen.) On Gore: http://www.snopes.com/quotes/internet.asp But I'm sure you already knew that. However, some specimens here probably don't.
Anyone who thinks the market is randomly imploding in front of a likely Obama-super Dem majority Congress-has shit for brains. Period. For months the selling has been accentuated by liquidation in front of cap gains and corporate tax increases. Activist-socialist bailouts in the U.S., (propagated by Bush) U.K. and Japan are further fuel on the fire. Pretty much everything priced in to SPX 1100 was economic everything below global political.
If "they" have been short for any length of time I doubt they're losing. I trade part time from home, I don't have a "circle" of traders. At least they are US citizens. Meaning their opinion on this subject at least counts for something. Unlike yours.