All the reasons the financial analysts give for the huge drop in the markets were in place on November 5th and the markets could have dropped then but the financiers chose Obama, as they did in 2008 and we will have to live with the results which Palin describes, probably prophetically as as 'catastrophic".
I am not a conspiracy theorist, just a realist, as are the independent financial commentators like Mr Walayat and the others at The Market Oracle who have given insights into the "men behind the screen'. Thus I ask the question as to whether or not the 2008 crash-just before the election, had some degree of deliberate creation as to its timing so a Democrat who would allow Bernanke's printing press unlimited power would be elected.
Here is a previous post regarding the possibility of an engineered share market crash before the election. The reality turned out to be that the financial controllers are happy with the printing press. The crash may come now or in the near future instead.
With the addition of Sarah Palin to the ticket in 2008 the McCain campaign, which was lagging in the polls overtook candidate Obama. The left, and GOP turncoats, who after the 2008 election blamed Palin for McCain's loss, now advise that "the VP selection doesn't influence anyone's votes".
Even if that is the case for Independents, there is no doubt whatsoever that Palin motivated the GOP voters, who had been lukewarm to McCain, to support the ticket.
If the massive stock market collapse had not happened the one can speculate, surely with a fair degree of certainty, that the election would have been a lot closer, if not won by McCain/Palin.
If there had been no crash, no McCain "campaign suspension" then it would seem unlikely that Indiana and North Carolina would have gone to Obama. Further, Florida and Ohio were lost to McCain by a slim margin-under the worst possible electoral conditions, and may well have gone to him otherwise.With those states, and only three other states Bush won in 2004, Virginia/Iowa/Colorado. McCain would have won.
Therefore President Obama owes his election, in no small part (or at least the large size of it) to the stock market crash of 2008. If, with the polls showing a fragile lead in the Electoral College for Obama now (and his being behind in the popular vote polls) after his disastrous debate performance, the share market crashed before the election then Romney stands every chance of a landslide victory.
Is such a crash possible?
Here is the latest snapshot of the share market from
Reuters via Yahoo Finance