I hate politics. Its one of the reasons I never meddled deeply into forex and I vowed not to become too involved with the campaigning thats been going on. Unfortunately, Cameron reads CNN politics like I read the NYT Business page. He alerted me to Mccain's attempt to cancel his debate, and the ugly interview Palin had with Couric, the rest of which is online now. I ended up watching the entire thing and quickly realized just how important it will be for Obama to win this election. I won't rant on Mccain/Palin. In my opinion, they make it way too easy to.
Also, I love my covestor chart for black monday. Btw, shouldn't we come up with a term thats darker than black to describe mondays. Seriously, we've had 2 in the past month, this is getting old.
Last bit. Check out this cool article highlighting the job of specialists in the markets. Specialists have the unpleasant job of being buyers in a bear market, or like monday... a huge sell off. Pretty neat how the internet and information exchange has allowed so many more players to enter the market that sell offs like this can even occur. Think about when there wasn't a live video feed to congressional votings before traders reacted. According to the article we could have seen a 1000+ point drop.
