Wednesday, October 22, 2008

What's Going On?

The stock market is taking another plunge today, apparently because of poor quarterly earnings reports from a number of companies, which one would expect in normal circumstances but I'm not sure these are normal circumstances. Because of the financial crisis, the government has put in place, at least huge amounts of money, and even some plans that are already operating, to fix the problem. So, I can't understand what's going on. I guess we just don't trust the government and even though it appears the crisis will be resolved, we still are acting out of irrational fear. Or are we?

This may be a total stretch of the imagination, but is it possible there is some hanky panky going on that is causing the financial crisis to continually worsen? Is the stock market being manipulated by political forces that may, for instance, want to help ensure that the Republicans don't win the presidency after eight years of President Bush and his policies that led to the collapse of the financial markets? Is the mostly liberal media fueling the fear and mistrust that is causing the market to continue to decline, hoping somehow to convince people to blame the financial crisis on the Republicans and vote Democratic?

Whatever it is that is causing the problem just doesn't make any sense. The pieces are in place to correct the problems, including plenty of money. All I can conclude is that something(s) that may be politically motivated or something I just don't understand is continuing to drive the stock market down. It will be very interesting to see what happens after the November 4 elections.

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