Friday, January 22, 2010

Rally Monkey

Another thing we can all be grateful for with the Scott Brown senate victory is the massive stock market rally that's happened in the last couple of days.

Cramer: …I think investors who are nervous about the dictatorship of the Pelosi proletariat will feel at ease, and we could have a gigantic rally off a Coakley loss and a Brown win. It will be a signal that a more pro-business, less pro-labor government could be in front of us.
Fox business picked up the story.

Also Drudge, Fox n' Friends and the usual suspects. And here it is three days later, and by God, the market is SOARING!

Damn markets and their liberal bias.


Publius said...

e that thinks they know why the market does anything from day to day is a nitwit.

Danielk said...

Presumably the people watching Cramer and so on didn't rush out like zombies and throw their money away based on nonsense like this. In fact, if they had then there would have been a rally, so investors (on the whole) don't take obvious propaganda like this seriously.

Still it begs the question, why waste valuable camera time on it if you're "fair and balanced", especially if your show has nothing to do with politics?