Historic Losses Despite Late Rally
Posted by : Gary Gore October 10, 2008 - 3:08pm
Source:
Fox BusinessOriginal article:
Historic Losses Despite Late RallyWall Street staged a huge late-day rally to close well off session lows Friday but the Dow still suffered its worst weekly meltdown in its 117-year history amid the nation's most serious credit crisis since the Great Depression...
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Coincidence?
Does anyone else not find it to be a coincidence we've had such a terrible week in the market during the same exact span of time, some polling as reliable or unreliable as it may be, has suggested Barack Obama was having a late-in-the-game surge with his support?
Funny, this correlation has not been made anywhere that I've noticed. But, having a presidential candidate coming into office and admitting that he plans to initiate the exact same tax policy Herbert Hoover gave us in a down time of our economy in the late 1920s... may be raising a red flag or two on Wall Street.