The market works in anticipation of events. They are already factoring in an Obamessiah presidency. In fact it was doing that the last few weeks before the actual election. I understand this was just a smartass remark, but it was not based on actual market functions.

Larry Miller

----- Original Message -----

From: Vince Teachout

To: ProFox Email List

Sent: Mon, 10 Nov 2008 21:59:29 +0000 (UTC)

Subject: Re: [OT] Market continues Obama crash despite Asian and European gains

Michael Madigan wrote:

> How low will the Obama crash go?

>

>

Will keep going down as long as bush is still in office. I'd buy on

January 19, when stocks will be at their lowest before they begin to go

up again.

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