11.04.2008

PRE OPEN


Futures markets trading way up in anticipation of no voting irregularities and the hope of election results finalized before the start of midnight.


A video from Mike Santoli of Barrons on why the markets can rally and I suspect some folks are starting to focus on the $2 drop in gasoline which for a 20,000 mile a year driver could save $2,000 per - and with a similar drop in heating oil - the consumer may have some extra dough to do some holiday shopping. I never under estimate the shopping drive of the American consumer.


Two shockers yesterday- the ISM index coming in at the worst number ever and auto sales in October about the worst since World War II- and the markets barely flinched. And of course more bailouts to be announced.


And of course Morris still waiting for the quake, and Limbaugh out on the limb while Rove is a hair more realistic- we will see.


This fish standing by the 52/45 of the other day.


Finally- I suspect Sarah has had her 15 minutes and we will hear little from her in the future.



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