Guess their "speech" did nothing for Wall Street: TUMBLED today

[WA98296]

NEW YORK - Wall Street tumbled Thursday on more disappointing economic news. — retailers posted sluggish back-to-school sales reports and the government said the number of workers seeking unemployment benefits spiked last week. The Dow Jones industrials fell more than 250 points.

Investors, already highly anxious about the overall state of the economy, were further unsettled when many of the nation’s retailers said shoppers curtailed spending last month due to higher gas and food prices. Wal-Mart Stores Inc., the world’s largest retailer, beat Wall Street projections because of its discounts.

http://www.msnbc.msn.com/id/3683270/

[ben_meyers]

1. OTOH, now that Palin has insured an Obama win

why wouldn't the market go up?

Or maybe the 2 events aren't related.

[Occam Bandage]

2. I'm pretty sure that Wall Street is more concerned with retail reports and unemployment numbers,

as well as the general weakness of the post-Housing/credit-crises market, than they are about political conventions.

[Abacus]

3. Amusing that it also coincides with a Rasmussen Markets and an Intrade McCain spike

http://rasmussen.intrade.com/aav2/trading/contractInfo.jsp?conDetailID=68255

Edit: click the Last Week tab