Lee on Nov 05 2008 | Filed under: Domestic Politics, Election 2008, Investing
Interesting:
Sphere: Related Content[W]e are on pace for the worst reaction to an election since Truman won in 1948. Interestingly, the only times the DJIA has ever declined by more than 1% [are] the day after a presidential election when the Democratic Party won complete control.
(Bespoke)
Lee on Nov 03 2008 | Filed under: Domestic Politics, Election 2008
It occurs to me that the sequence of cocktails is the best political indicator I know of on election night. In 2004 I was attending a Democratic election party and early on everyone was drinking wine and martinis in stemware, or beer and soda in tall glasses. The ambiance befit the beverages: general levity and young merriment. Sporty coquettish girls with wide white toothy smiles dominated all conversations.
But when it became clear that the exit polls predicting a Kerry victory were wildly mistaken, and field reports were coming in on cell phones of Karl Rove’s successful mobilization effort, it wasn’t long before the assembled Democrats had exchanged their drinks for short glasses filled with dark brown fluids. To match the new taste for scotch and bourbon whiskey, the sporty girls seemed to disappear and old men began to dominate conversations.
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