Assorted Developments On The Trail And In The Market

Things are looking very dour for the McCain/Palin ticket right now. The report on Troopergate did not go her way. William Buckley's son is endorsing Mr. Obama, and as much for character reasons as policy. Both Gallup and Zogby are showing bad news.

The chaos in the market are not helping either. Mr. Obama generally does best when the focus is on the economy. Ironically, a policy implemented by the Bush administration, a short-term ban on short-selling, probably helped Mr. Obama, by delaying the carnage until now. At the moment, it looks as though the support for the Dow is at 8000. This is, of course, barring any major development. It also means the Dow has another 450 points to drop before support kicks in. Another bloody Monday is likely.