They have pills now for that sort of hallucination. Better to trust your nest egg with an unknown than a known fuckup like McSameastheBushidiot.
It is true that most Americans are fucken lying racists tho. How dare you!
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Anyone who sells at the bottom of a market will always get screwed. Both parties are to blame for the current mess. As they say, if you want to screw up bigtime, use a committee. I don't think Obama or McCain are competent enough in finance to resolve this. As of yesterday, it looks like the slump will have a fairly quick recovery. It will really all depend on how good the advisers to the next president are, and whether the president pays attention to them.
The bailout deal makes an almost infinite amount of money available to banks with little risk. The program will not cut in for several weeks, but as a rule, the market is driven up by the anticipated greed and down by the anticipated fear prior to anything taking place. The drop in oil prices should be a boost to the markets, and the bailout seems to be beginning to work. This is clearly the time to buy ETF's like VDC, DES, and IWN, that can be sold with no restrictions if things get volatile.
It is pretty well known that some Americans are lying racists. The crucial factor is the percentage of them that are. I am guessing that at the present moment, it won't be enough to deny Obama the presidency.
If we had some financial whiz running for president, we'd never know: any serious discussion of how markets work puts the average voters to sleep, or if they aren't sleepy, they flip the channel. Steve Forbes tried sooooo hard and all he heard was zzzzzzzzzz. Of course, his flat tax was special: the way he had it worked out, Steve Forbes would have been able to pay NO taxes, no matter how much money he made. But he put them to sleep before they figured that out. Of course, Forbes has the charisma of 30 yard of wet shag rug, and that didn't help.