Author Archive | Jim Lindgren

As I pointed out yesterday, usually the stock market is up following a down day in the SP 500 of 5.5% or more–on average up 3.5% on the first day and 1.6% on the second day after such a big down day. At 2:25pm ET, the SP 500 is up 4.6%, the Dow is up […]

Asian Stock Markets on Tuesday did not open as badly as I expected. Price drops at 8:30pm ET: AUSTRALIA ^AORD All Ordinaries (-1.76%) JAPAN ^N225 Nikkei 225 (-1.53%) NEW ZEALAND ^NZ50 NZSE 50 (-4.25%) S. KOREA ^KS11 Seoul Composite (-4.14%) Also, the after-hours US stock index futures are up tonight. UPDATE: Asian markets are falling, […]

Today’s 8.8% decline in the SP 500 was the second worst day since at least 1950. Only the October 19, 1987 crash was worse (-20.5%). Since 1950, there have been 9 days with at least a 5.5% drop in the SP 500. On average, the day following a 5.5% DOWN day was UP 3.5%, the […]

The Bailout Bill is being voted down, but the voting is being held open in the hope of changes. The Dow was down about 250 points before the vote, then dropped to 680 points down, but has rebounded to down about 500 points. UPDATE (2pm ET): The NASDAQ is down a staggering 129 points. 2D […]

Obama has a 5-point lead in the Gallup Tracking Poll [in Saturday’s release and an 8-point lead in Sunday afternoon’s release] and a 6-point lead in the Rasmussen Tracking Poll [in Sunday’s release]: The Rasmussen Reports daily Presidential Tracking Poll for Sunday — including the first day of post-debate polling — is unchanged. Barack Obama […]

Much of the blogosphere is up in arms because of the provision in Senator Dodd’s financial bailout bill that might funnel profits from the bailout plan to ACORN Housing (related to the disreputable activist group ACORN), and other more reputable service organizations. I have read Dodd’s proposed statute and in some respects, it is far […]

Senator Dodd’s bailout plan has some serious drafting and incentive problems. If the drafters of the Dodd scheme were to create a game based on the scheme (assuming a liquid market and rational behavior) and play a few dozen rounds one evening, they would know that the Dodd scheme won’t work unless people do things […]

Barack Obama has a slight lead in 4 of the 5 most recent polls. The likeliest reasons for the shift toward Obama are: (1) The Republican convention bounce naturally expired. (2) The press’s direct attack on Sarah Palin is working. (3) The Wall Street collapse and the bailouts are turning voters toward Obama/Biden.

Ilya Somin points to a recent Wall Street Journal op-ed by Shikha Dalmia about McCain’s and Obama’s service proposals. The main differences appear to be their scope and the mandatory nature of some of Obama’s. I should note that the tone of Barack Obama’s recent comments on service at the NYC Service Nation forum couldn’t […]

I listened to David Freddoso

Michael Yon, reporting from Afghanistan (tip to Instapundit): There were some Danish soldiers on Gib [Gibralter base in Afghanistan]

One thing I learned tonight is that neither Charlie Gibson nor anyone on his staff reads the Volokh Conspiracy (or Hot Air for that matter). Outrageously, in his interview Gibson claimed that Sarah Palin had called the Iraq War

On the NY Times blogs, Sandra Tsing Loh is depressed to discover that Barack Obama sends his kids to private school, the University of Chicago Laboratory Schools (tip to Tim Blair). She asks: Why can’t he send his daughters to public school? Personally, I compliment the Obamas for not using their children as political pawns […]

The New York Times has this very interesting story. For some videos of folks on the hallucinogen in question, go here.

The New York Times has this very interesting story. For some videos of folks on the hallucinogen in question, go here.