As the website I Hate What You Just Said reported yesterday, Fox News recently told Massachusetts voters that their 401(k)'s would get a boost if Scott Brown were to be elected.
Clearly, Massachusetts voters heard the call and acted in enlightened self interest to pad their retirement funds. However, it now appears that the opposite is true!
Our entire economy may very well be in jeopardy unless we act quickly to deny Brown a Senate seat!
The evidence is pretty damning that the "Brown Effect" is a real and present danger.
Here is the Fox News segment which claimed that voters could vote themselves a retirement fund with their support of Brown:
However, as you can clearly see from this graph, the very moment Scott Brown was elected the markets responded by dropping over 100 points:
The financial news website at CNN has the devastating news:
The Dow Jones industrial average (INDU) fell 100 points, or 0.9%, in the early going. The S&P 500 index (SPX) lost 9 points, or 0.8%. The Nasdaq composite (COMP) gave back 20 points, or 0.9%.
Wake up, America!
UPDATE:
It now appears that the "Brown Effect" is accelerating the devastation of our stock market: