Friday, October 31, 2008

My Prediction Is Holding

The DOW is, as of this writing, up just over 1000 points from its Monday close. I expect things to be relatively flat this coming Monday. Trading volume will be low the before and the day of the election, especially in these otherwise turbulent times. Any announcements from the Whitehouse should be taken as purely partisan and intended to help McCain.

A side note, the DOW has fallen just over 4600 from a close of 13,930 one year ago today.

Obama as President would be both scary and highly entertaining. McCain as President will be less obviously scary but still very destructive to the basic principles of liberty so many of us hold dear. It will also be a continuation of big government neo-con thinking that currently dominates the Republican party despite the ire of their sheep like constituents who continue to vote for them because they're too afraid to abandon a party that refuses to be reformed.

We're screwed either way. Hang on folks! It's going to be a bumpy ride!

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