The Dow dropped 370 points today on news that the service industry isn't feeling quite the thing these days. This, of course, raises two questions:
1) Did the fall impact the primaries? Maybe in California. The news came a little to late for East Coast morning voters.
2) Is the fall related to the primary? Possibly, a little. Markets hate uncertainty.
Cramer convincingly dismissed the explanation that the service industry index caused today's market decline. One of my stocks bucked Tuesday's trend though, rising 13% on record revenues: New Frontier Media (NOOF). The market for pay TV porn is, apparently, not in a recession.
Or perhaps the markets realized that we'll almost certainly have a Congressman behind the desk in the Oval Office next year.
After January, the Excutive will be under the direct control of the Legislative.
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