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Why did the Markets Crash after the Election?

November 5th, 2008 - 8:26 pm

I don’t buy the explanation that the stock markets were spooked by Obama’s election;  such things are discounted in advance, and virtually all of the polls predicted the outcome.  So why, then?

Well, the Russians announced they were deploying short-range missiles along NATO’s northern border, which is certainly disconcerting to investors desperately looking for stability…

Don’t you think?

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