There seems to be a real big disconnect between reality and the markets. They are acting totally irrationally. There is not a logical reason for the dramatic drop in value. I believe there is a "lemming" affect going on here. One market feeds of the other...Europe after the U.S.; the U.S. after the Asian markets. It is a vicious cycle fueled by panic. But, what is causing the panic????
The credit crisis is not the only factor. So, what is it?
I have a theory. Is it the fact that Barak Obama is leading our presidental race???? Do the markets fear an Obama presidency? I believe so. His socialistic policies are scaring the heck out of them. Theses investors are selling without regard to profit or losses.
GMAC is selling at $6.00!!! Six bucks!!! That is ridiculous!!! This is the time to buy! I mean, what is $6.00? That is what you pay for a cup of coffee! Not a blue-chip stock!
The market keeps falling and Obama keeps leading. I just cannot let the connection go. There is no other "reasonable" explanation.
So, what do we do??? Buy!!! AND, ELECT McCAIN/PALIN!!!
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