Are we seeing a correlation here? As Obama gathers even more steam in the last week and a half until election day, the global markets continue to slide in a downward death spiral. Investors are well aware of an Obama presidency and the policies that will bring. If this is any indication of the collective intelligence, I’m going to believe that the public is smart enough not to want a socialist America and will not cast the ballot for Obama. A few polls showing McCain and Obama in a tight race are starting to get more attention, and people are starting to discount those polls having Obama leading five or more points.
As Peggy Noonan says in the WSJ, “Obama looks like a winner, but it’s not over yet.”
