At the beginning of August, Elizabeth Dole was trading at a measly two cents a share. Her third-place finish at the Ames straw poll in Iowa on Aug. 14 triggered heavy buying, which tripled her share price to six cents. But Dole squandered her momentum, and this Sunday and Monday a huge sell-off sent her stock plummeting to nearly a penny. Meanwhile, however, investors didn't bid up the value of Bush and Forbes. What happened? By deduction, the likely answer is that John McCain's campaign kickoff on Monday convinced many investors that he has supplanted Dole as the alternative to Bush and Forbes. The managers of the Iowa market haven't added McCain to their trading board yet. If his prospects keep rising, expect an IPO.
TODAY IN SLATE
The Most Terrifying Thing About Ebola
The disease threatens humanity by preying on humanity.
I Bought the Huge iPhone. I’m Already Thinking of Returning It.
Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.
Students Aren’t Going to College Football Games as Much Anymore
And schools are getting worried.
Two Damn Good, Very Different Movies About Soldiers Returning From War
Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough
So they added a little self-immolation.
Blacks Don’t Have a Corporal Punishment Problem
Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology.