Half of the market bounce today is because of Obama's pro-rescue speech

[scheming daemons]

He showed leadership.

Described the situation clearly.

Laid out the rescue plan in plain English.

Talked about the protections for the taxpayer.

Talked about increasing the FDIC limit to $250K.



The market was around +200 when he started speaking.... it's around +400 now.


The market is showing optimism that Obama can flip a dozen Democratic votes from no to yes on the rescue plan.


....and when he does.... and it passes.... HE'LL get all the credit. And the McCain camp will be left out in the cold.




Chess vs. Checkers.

McCain played checkers with his "suspend the campaign" stunt.

Obama's playing a different game.

[tblue]

1. Oh man, I hope you're right. I felt so RELIEVED when I heard him speak this morning.

I just felt like, yeah this is tough, but we're gonna be alright. He is priceless.

[slackmaster]

2. To what do you attribute the other half?

n/t

[HiFructosePronSyrup]

3. John McCain's poll numbers

[scheming daemons]

5. Bargain hunters picking at the carcas this morning....

Went up 200 right away.... and stayed right around there for 4 hours.


Then Obama spoke, and it has spiked up to 400 since then.

[polichick]

4. I think it's just about people making a buck - good day to get in.

[ShortnFiery]

6. No, because the greedy fat cats know that there will be a deal ... I hope the House Democrats work

through a FULL plan. We are in the majority and BushCo will have to sign it. :thumbsup: