Monday, February 23, 2009

Vote of No Confidence

Investor's Business Daily sums up why the market continues to tank.  The following graph shows just how much it's shrunk.  The Standard & Poor 500 has lost a bit more than one third of its value since Obama pulled ahead of McCain for good.  (Click the thumbnail for full size image.)

IBD S&P 500

Meanwhile, the Democrats in charge are doing nothing to allay the market's fears.  Indeed, they seem to be doing everything in their power to ensure that that it continues to dive.

If one was paranoid, one might suppose that the Dems are consciously acting this way in order to enable further encroachments by the Federal government into the free market.  But that's just tinfoil hattery, right?

No comments: