Deadman's picture

    Here's the rally ... Now what??

    OK, so I was a day or two early with my short-term bottom and violent rally call, but it's party time on Wall Street today with the markets almost up double digit percentages. (Uh, now more than double digits ...)

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    Michael Wolraich's picture

    RealClearPolitics.com - Obama over the threshold

    When I'm bored or anxious, I like to play with the interactive electoral college map over at RealClearPolitics.com. They set it up for you based on the latest aggregate polling data, but you can change the configuration at will. Obama has been ahead all along, but you had to turn several gray "toss-up" states to light blue "leaning Obama" in order to give him the win.

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    Michael Wolraich's picture

    How I Lost My Religion

    This post is not about a break-up or a political conversion. It is literally about how I lost my religion, more or less, and became an atheist. I thought about posting it yesterday but decided to spare the believers who care about me from witnessing me commit sacrilege on Yom Kippur, the Day of Atonement, when we are supposed to beg for God's forgiveness in case he left us off the Book of Life this year. I don't think there is any evidence that atheists suffer from higher death rates than believers, so whatever the drawbacks to atheism, premature death does not appear to be one of them.

    Michael Wolraich's picture

    We Are the Ones Project

    In these dark days of negative politics and collapsing markets, I just want to call out a feel-good art project to warm our chilly hearts. A few of us associated with DagBlog organized a nationwide Obama fundraiser over the summer with fundraising parties in multiple cities across the country and around the world. I worked on the NYC event which took place at a loft in Brooklyn.

    Deadman's picture

    We need more panic, not less ...

    Damn, I thought I was going out on a limb when I called for a violent (though short-lived) rally to the upside. But if the press and the pundits who speak their mind in the press are any indication, that's a very crowded limb.

    I've been watching CNBC A LOT for the past few days, and it seems like nearly everyone is looking at this crash as a great buying opportunity, telling people not to panic, saying a bottom is at hand and a violent rally is on its way.

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    ChronoSpark's picture

    My Month Long Contribution

    Some of you may have noticed that I haven't been commenting or posting anything on TalkingPointsMemo for a while now. The reason is that I've decided to spend the last month of the election in Missouri volunteering full-time for the Obama campaign. It's a sacrifice I'm willing and happy to make. Missouri is on the point of tipping blue, and I want to see that it actually DOES go blue for Obama on election day. There's no reason that it can't.

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    Deadman's picture

    Short post on short selling and a short-term bottom ...

    I think we're about to get a much-needed reminder that stock markets don't always go down.

    Could happen today, could happen tomorrow, and it may or may not happen after one last big selloff, but we're going to get a relief rally very soon. I don't expect it to last long, but I do expect it to be rather violent and dramatic. Maybe we get back close to 11,000 on the Dow.

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    DF's picture

    Debate live-blog

    6:15 PDT: Late start.  I'm not sure what Brokaw's question about who would be Treasury Secretary was in aid of.  On the "How is the bailout supposed to work?" question, Obama seems to be giving a competent explanation of the potential danger of the credit crisis.

    6:18 PDT: Did John McCain just say that he's going to fix the economy by ending the culture of lobbying and cronyism in Washington?  Why should anyone believe that when he can't do it within his own campaign?  Also, earmarks!

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    DF's picture

    Hello, world!

    Greetings, fellow travelers!  Thanks to the Dag guys for giving me the opportunity to do some guest blogging at dagblog.com.

    For my first post here, I wanted to offer a quick thought.

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    Michael Wolraich's picture

    McCain Accuses Economy of Bias

    The Republican presidential hopeful John McCain let his frustration with the US economy boil over today. When asked in an interview about the challenges his campaign faces, McCain responded, "Look, it's no secret that the economy favors my opponent." Asked to elaborate, he replied, "This country is in crisis. Now is not the time to point fingers. But everybody knows that the economy caused this crisis, and I think everybody knows why it's doing it."

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