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Market Commentary: 11/10/08
By: Steven L. Pomeranz   Monday, November 10, 2008 5:19 PM
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America is Amazing.

 

America is amazing. 100s of years of racial strife and struggle have all been turned on their ears on one date, a fateful and historic date of 11/4/2008. It sort of makes one wonder how such a milestone could have been passed with such seeming ease? One minute, the idea of electing a woman as President seemed barely possible, but the thought of electing a Black Man? It would have been unthinkable just a year ago. America is amazing. Congratulations to us all. Whether you voted for him or not, Congratulations to us all.

 

So now what? The market’s reaction to his election was not immediately very good. The market sold off about 10% right after.

 

So what can this man do? What can any man do under these circumstances?

We know for certain that he will have to start addressing the problems close at hand.

 

First, with George Bush’s approval, pass another stimulus bill as a down payment of more to come after inauguration.


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