The S&P Crosses 1,000

There’s an election today! How come no one told me? Why wasn’t this in the news? Were there even debates?
Since I live in Washington, DC, the Electoral College guarantees us the least-important votes in the Union. DC isn’t just a blue state, it’s the bluest blue state possible, and it’s getting bluer.
For the last four straight elections, the Republican candidate has received 9% of the vote. I really don’t think McCain will be able to top that. Thirty-six years ago, Nixon got 21.5% of the DC vote which seems impossible now.
The good news today is that for the first time in three weeks, the S&P 500 is back over 1,000. That’s over 19% higher than our intra-day low from October 10.
Update: Today’s intra-day high was 19.7% above the intra-day low from four weeks ago.

Posted by on November 4th, 2008 at 11:02 am


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