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meme: elon says talarico would end democracy as the nasdaq slides into correction
template: "original: a small cartoon dog in a tiny cowboy hat sits at a kitchen table in a room where the wall behind him is a giant red falling stock " (drawn for this story) · cooked 31 oct 06:59 utc
HYPERLIQUIDnews 10.0/10meme 6.0/10R-0122

elon says talarico would end democracy as the nasdaq slides into correction

elon musk replied to posts quoting texas democrat james talarico on ending the filibuster and expanding the supreme court. he wrote that it would be 'the end of democracy in america' and that talarico would 'abolish democracy in america and institute permanent one-party rule'. the same day kobeissi noted the nasdaq 100 had entered a 10% correction from its october 6th record high, while market-implied odds of a democratic midterm sweep sat at a record. kobeissi flagged the timing. the politics and the sell-off are running side by side on the timeline.

HOW TO CHECK IT YOURSELF
  1. read elon's two replies on x and the posts he quoted
  2. check the kobeissi post on the nasdaq 100 10% correction from the october 6th high
  3. compare the market-implied midterm odds on a prediction market against the index moves
WHAT IT MEANS FOR YOU
politics and markets are moving together this week. whether one is driving the other is unproven, but traders are watching the midterm odds as closely as the charts.
receipt R-0122 · x: https://x.com/elonmusk/status/2116242885376974965 https://x.com/elonmusk/status/2116240704393351411 https://x.com/KobeissiLetter/status/2116243866718523645 https://x.com/KobeissiLetter/status/2116242951773045185 · 30 oct 19:07 utc · by data butcher