Tuesday, September 16, 2008

The stock meltdown

I am of course a little concerned about the stock meltdown, but frankly it is not unexpected. I have no expertise to render such a judgment, but I expect that this will continue for another year or so. After Obama wins the election, I think the capital markets will settle down, knowing the government is back in responsible hands.

In this regard, did you know that the stock markets do better under Democratic president than Republican presidents? As the Nooner says, it's nice to see your principles confirmed. (Sorry, can't find the link.

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