Ok, sure some of the wallstreaters just suck. I just don't buy that the market doesn't get or hasn't understood that the people want a democrat. They wanted it 4 years ago but because of the war they delayed it.
but that the masters of probability didn't understand that obama had a great chance, or that the chance of very strong majorities in the legislative branches were highly probable.
Further more, I have to think that there is a small chance that plenty of people think "DAMN!!! how could it get any worse!"
In fact you could make a case that the market "Crashed" to ensure an Obama Victory.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Tuesday, November 4, 2008
Masters of probability
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