Courtesy of Pam Martens
By Pam Martens and Russ Martens
The eagerly anticipated and yet also dreaded day has finally arrived. In the interest of preserving this day lest post-traumatic-stress-disorder kicks in and eviscerates the nightmares of the last four years from our memory banks, we thought we would capture in photos the vibes of what the American presidential election has come to.
The front cover of the New York Daily News, in the photo above, perfectly captures the queasy stomachs that the majority of Americans are experiencing today. But in an utterly bizarre action, at 6:50 a.m. this morning, futures on the Dow Jones Industrial Average were suggesting that the stock market would open up more than 400 points. There is definitely some invisible hand buying up futures on maximum leverage to move the market higher this morning.
If you need further evidence of fake market optimism for corporate stocks this morning, consider what national retailers that cater to the one percent think about what might happen today. Stores in Soho and on Fifth Avenue in Manhattan have boarded up their display windows with vast swaths of ugly brown plywood. Retailers taking cover include Tiffany & Co., Dior, Chanel, Louis Vuitton, Bloomingdale’s and Macy’s flagship store. Likewise, Washington, D.C. is preparing for flying projectiles with hotels, shops and restaurants decked out in plywood.
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