I believe there is some anxiety in the marketplace to see which candidate will run their country. Depending on who comes out as the winner, what kind of reslove they have and direction for the country I think the market will react to this somewhat.
I have the very strong sense from all the media and reactions from the American public, that if McCain wins it will be a downward spiral with little faith and lack of any future prosperity. If Obama wins, it seems that he will have much support on the way back to recovery and beyond that point. I believe Obama will take them into a positive direction, not only for themselves but in a new direction on the worldfront. I honestly believe that if Obama wins, there will be renewed faith in the markets, SP's will go back up, slowly but surely. I also believe that the Americans have a long tough road ahead of them but will do it with a leader who they will admire and look to for strength and he will likely provide it for them faithfully.
PLE is suffering, but who isn't? Even the safe Blue Chips like Manulife are! And they are suffering due to market condition, not because they are some poorly run company! PLE is by far not the best managed or well oiled machine. You have got to believe that Guy is trying to utilize what he has to work with right now. I know that given all the permission and access granted and everything that PLE needs to get back to business as usual, Guy will be ready to get it moving for us. Do you honsetly believe that he is not going to try when he gets the opportunity to? If you don't, I humbly make the suggestion to not stay onboard here and go find another that will satisfty that need. We are down , but not out!
Regards,
~Shifty
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