I thought it very interesting how the MSM treated the election results on Wall Street. I check my investments on a Fidelity homepage which uses Reuters for its news link. There was no headline mention of Huckabee, Obama or Edwards and the Iowa results on the Fidelity home page. There were top of the page headlines for Huckabee and Obama on the Reuters home page, but the headlines selected for Fidelity were completely devoid of those names.
Instead, Fidelity readers got a Hillary and McCain headline.
McCain and Hillary were leading in New Hampshire,
based on poll taken before the Iowa caucuses.
The other headline- Clinton comes in third Still no Edwards, Obama, or Huckabee.
Going to Reuters home page they had this story about "Quirky Iowa"
http://www.reuters.com/...
Those economic issues barely merited a mention in Iowa, where the Republican winner worried right-leaning Wall Street more than the Democrat.
Financial markets typically feel more comfortable with Republicans in power because they are generally more friendly to business on such issues as taxes and regulation. Huckabee, a Baptist preacher and former Arkansas governor, doesn't fit that mold.
"The scary thing about it for me is that he seems like a right-wing populist," said Charles Biderman, chief executive of Trim Tabs Investment Research in Santa Rosa, California. "I'm not sure what his economic platform is and who his economic supporters (are). We know who's backing Hillary (Clinton) and who is backing (Rudy) Giuliani. Huckabee is an unknown."
Obama scares them too!
The concern with Obama's victory was that polls show him as more electable than Clinton in November, raising investors' fears that Democrats would end up controlling both Congress and the White House.
"An Obama presidency would be the worst outcome because every Democratic legislation ... will sail right through, including big regulatory plans and the like," said Chip Hanlon, president of Delta Global Advisors Inc in Huntington Beach, California.
It really showed what an uphill battle Huckabee will have with the establishment, and to a degree how much harder it will be for Obama and Edwards as compared to Hillary. It really drove home, again, how the MSM can "edit" the news for its readers. Thank goodness for the DKos and the internets.