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...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 are moving away from the market and that's why stocks are headed up," says Mary Ann Bartels, chief market analyst at Merrill Lynch. "We have seen this before in other rallies this year, and what happens is the market can't continue to go up without buyers...
...problem, says S&P's chief economist David Wyss, who looks at GDP and employment and other broad indicators of the economy, is that S&P earnings could end up about 50% lower, or $63 per share. Stocks analyst are typically more optimistic than economists, but only by a few bucks, says Howard Silverblatt, an index analyst at S&P. "Traditionally, when you get these big discrepancies, it is the economists who end up being a lot closer to reality," says Silverblatt...
...people sang along with Bruce Springsteen to "This Land Is Your Land." But with the finish line in sight, earlier in the day you could get a sense of the edginess that also surrounds this campaign, as Obama's plane headed toward this battleground state and his chief strategist, David Axelrod, checked his watch. "These hours could not go by fast enough for me," he said with a sigh...
...Three main companies dominate the voting-machine market today: Election Systems & Software (ES&S), Sequoia Voting Systems, and Premier Election Solutions (formerly Diebold Election Systems), all of which have been accused of facilitating - or participating in - fraud. Diebold renamed itself in 2007 following the resignation of its chief executive, Walden O'Dell, over a fund-raising letter sent before the 2004 election stating that he was "committed to helping Ohio deliver its electoral votes to the President...
Suffice it to say that the Sununus may be taking the Bush family off their Christmas list this year. John H. Sununu was a three-term governor of New Hampshire who served as George H.W. Bush's White House chief of staff for two years before he was forced to resign in disgrace amid charges that he misused government aircraft for personal trips. The family name was restored in 2002 when his son, John E. Sununu, became New Hampshire's junior senator after knocking off incumbent Senator Bob Smith in the GOP primary and then defeating popular former Governor Jeanne...