Since the Rise of Dear Leader the Market has lost over 900 points. Two quick points.
1. If the market had done this after a McCain win, does anyone doubt the story would be "Market uneasy with upcoming Administration?"
2. That being said, I would've assumed, since Obama wasn't a surprise winner, that the market had already accounted for the New Order before Tuesday. Between this and Russia's saber-rattling, there will be no learning curve for the new guys, no matter how happy Ahmadinejad is about the resuts. (Incidentally, as a rule, if Iran is happy with it, I'm not.)
Thursday, November 6, 2008
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