works in favor of Obama and McCain respectively. Markets down, gets poll numbers up for Obama, and that reinforces itself. The reverse process operates for McCain, and can snowball.
Added later: NR mentions "Obama Panic" concept, though not in so many words. McCain Rally, or McCain restores confidence, is closely related to this idea as well. See: “Obama’s Stock”
see also: Obama and the Stock Market and its references, and, for substantiation of the correlation and the direction of the arrow of causality, see : An Obama Panic, or Americans just wanting Obama to get us out of it?
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