by Greg Guenthner
Daily Reckoning
Do you have the STAMINA to survive election season?
The big lie making the rounds yesterday was that nervous investors were selling stocks in anticipation of the first presidential debate.
Markets wandered lower all day—that much is true. It was a mixed bag of dung across the globe. Oil jumped. Europe sank on the back of a crashing Deutsche Bank. Stateside, the Dow dropped triple-digits. Overall, choppy September trading persists.
There’s no way around it: investors are distracted by the election. The situation isn’t going to get better anytime soon. The media will probably translate every market tick to some miniscule shift in poll numbers until we can put this entire mess behind us in November.
Grab your earplugs. They’re cranking the noise machine up to eleven…
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