rolling on the ground and can't stop laughing!!
Quote from ZZZzzzzzzz:
Fact is, that the crash was the Palin crash.
All hell broke loose in the markets when Palin was announced.
Just follow the time line.
The very thought that that dumb bimbo could be president set off the selling, and any experienced trader knows that the final 25 to 30% of the selling is only a reaction to the first 25 to 30% of the selling as the market overshoots when redemptions, and death debt spirals begin on companies out of fear.
You have to look at he source of the fear, what begot the fear, and in this case, the biggest fear on Wall Street (who overwhelmingly supported Obama) was the thought of Palin possibly becoming president.
Just pull up a chart of the market and Palin, her nomination, and then the vetting process after the fact and all the scandals and her nearly retarded responses in the select interviews she did.
The was the bitch that broke the dyke...so to speak.