Wall Street reaction to Palin speech?

[boomerbust]

DOW - 320
Nasdaq - 70

[DainBramaged]

1. All coat, no fur

[onenote]

2. in reality, the stock market is reacting to unemployment numbers, not palin's speech

Of course, Palin's speech didn't exactly offer any solutions to our economic woes.

[AndyTiedye]

3. Also Reacting to the Prospect of McClueless and Mrs. Even More Clueless Trying to "Fix" the Economy

McLame admitted his cluelessness about economics. Palin is even worse if that's possible.

The markets no like.

[Bluenorthwest]

4. I'd say

That the market and the unemployment numbers are a direct result of Palin's Party, and the ideology she smugly repeated in her self love fest/diatribe last night. So why split hairs? That speech, that candidate and that Party are in fact what the market is reflecting today. It reflects a great failure. She seeks to extend and expand that failure.

[onenote]

5. and if the market goes back up tomorrow or a day later?

Trying to explain short term market swings on something as long term as who is running for president doesn't quite work. Yes, the policies that they are defending and/or offering no solutions for have put the economy in the position where announcements of greater than expected job losses will trigger a sell off. But the short term news tomorrow could just as easily beat expectations on some other front, triggering a buying spree.