Word: monday
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Still, investors do seem to be more positive about the market. After what was one of the worst months on record, the market, as measured by the S&P 500, has risen 10% in the past week, and was up for most of the day Monday, before ending just a few points down. That's pretty incredible in face of such continued downers as the news Monday that car sales by U.S. automakers dropped by more than 30% in October...
Some market watchers, though, think the current rally is not the product of more optimism about the economy, just less pessimism. And there's a big difference, they say. In report out Monday from Merrill Lynch, the analysts at that brokerage firm compared the number of trades in stocks that were falling, and the number of trades in stocks that were rising. THey found that most of the activity in the market was happening in stocks that were slumping. Their conclusion: The current market rally is a result of a lack of sellers and not a stampede of buyers. "Sellers...
...clearly nervous. A round of robocalls was launched last week, falsely calling Obama a terrorist and deceptively warning targeted seniors that, if elected, he'd halt their Medicare and Social Security payments. McCain, who is holding his victory rally in Phoenix, is expected to return home Monday and deliver a rally in none other than Prescott, speaking on the steps of the Yavapai County Courthouse, where Barry Goldwater launched his senatorial and presidential campaigns...
...focuses on exurban and rapidly growing areas. He's not looking for victories in these counties, merely to improve his showing there enough to put him over the top in the state when added to record turnout in Democratic-heavy areas. "Like in Jacksonville [Florida, where Obama heads on Monday], there's a big chunk of folks that just don't participate for some reason in Democratic elections. A stop there, and a visit by us coordinated with trying to get folks out to vote early, has a way of not just changing the percentage within an area but changing...
...year-old medical technician who waited four hours in near-freezing temperatures to get a seat inside the Coliseum here. In recent weeks, the Republicans have been relying on Palin visits to draw excitement - and news headlines, but McCain has just scheduled a visit to Indianapolis on Monday afternoon, his first visit to the state since July 1. "It's about time they fire up the base," Meisler said...