Those of you who are panicking and causing the market to drop need to chill out. Nobody ever makes wise decisions when they are based on panic. If I had more liquid cash, I would be buying hand-over-fist right now. I will be buying more first thing tomorrow, as I try to do every time there is a big market drop. It is a strategy that has never failed me.
Now to myself. Word that the majority of Americans thought that Obama won the debate last week has me panicked that we are about to see Jimmy Carter 2.0 in office. I am generally a very optimistic person, but when I get in a situation like this I often need a day or two to take a deep breath and remember all the reasons I have to be optimistic.
Nancy (of Nancy's Insights) is helping me do so with this post today. If you have been approaching the ledge along with me, check it out and together we can take a step back.
First she notes that the debate was watched by way fewer people then was expected, and concludes:
So my question is, if the country is so supercharged for Obama and “change” why does no one seem to be paying attention? The media has become drunk on their own hype, why don’t we bring them back down to earth for a moment.
Look, lets cut through this area quickly because I have discussed these polls before. Most polls are weighted, heavily, democratic. The truth is, if Democratic voters outnumber Republican voters by heavy margins McCain is going to lose. Shocking isn’t it? We don’t need a poll to explain what is really quite obvious. Quick note to pollsters though, there has never been an election where Democrats outnumber Republicans on Election Day by 10 percent or more. So those of you out there, ahem ABC/ Washington Post pollsters , this is just wishful thinking on your part.
Read the rest at Nancy's Insights.
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