MEMES: SOFT PATCH / SEPTEMBER / BUSH VICTORY
These are the three memes driving the market now. Caution remains the predominant sentiment.
"Soft patch" is a phrase that originates from Greenspan's recognition of the slowing economy. Economists are debating the cause and extent of this. By the time they figure it out, the market will have moved.
September is historically the weakest month for the stock market during the year. Having 9/11 fall in September doesn't help matters. Of course after September, there's October with all is associated bad memories.
The Bush Victory Meme is beginning to gain momentum, as more people are causally associating the stock market bounce with Bush's bounce in the polls. The Kerry camp is essentially affirming this bounce by running around trying to neutralize the Swifties accusations. I think the public sees that Kerry is acting kind of guilty by avoiding the issue. If Kerry simply held a press conference with his Band of Brothers standing behind him to deal with the accusations head on, the issue would be dead and buried. Instead, he tried to ignore it. Not smart. I heard about the Swifties in an NPR report at least a month before the convention. There was plenty of time to deal with it.
The debates can turn things around, but Kerry must come up with some headshots if he wants to score points. There are plenty of reasons not to vote for Bush, but there aren't enough reasons to vote for Kerry.
These are the three memes driving the market now. Caution remains the predominant sentiment.
"Soft patch" is a phrase that originates from Greenspan's recognition of the slowing economy. Economists are debating the cause and extent of this. By the time they figure it out, the market will have moved.
September is historically the weakest month for the stock market during the year. Having 9/11 fall in September doesn't help matters. Of course after September, there's October with all is associated bad memories.
The Bush Victory Meme is beginning to gain momentum, as more people are causally associating the stock market bounce with Bush's bounce in the polls. The Kerry camp is essentially affirming this bounce by running around trying to neutralize the Swifties accusations. I think the public sees that Kerry is acting kind of guilty by avoiding the issue. If Kerry simply held a press conference with his Band of Brothers standing behind him to deal with the accusations head on, the issue would be dead and buried. Instead, he tried to ignore it. Not smart. I heard about the Swifties in an NPR report at least a month before the convention. There was plenty of time to deal with it.
The debates can turn things around, but Kerry must come up with some headshots if he wants to score points. There are plenty of reasons not to vote for Bush, but there aren't enough reasons to vote for Kerry.
posted by Johnny @ 1:16 PM
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