Stock Market Politics & the McCain Market Rally

Friday, March 28, 2008 | 04:00 PM

I love when this happens:

In the beginning of the month, I jokingly referred to the market correction as The John McCain Market Selloff. I was -- rather sarcastically, I thought -- pre-empting the usual poor analysis that comes from partisan quarters.

Statements such as these are actually "tells;" They reveal a profound misunderstanding of how markets operate, and only serve to alert you to a persons political preferences. They provide no insight into the "preferences" of the markets.      

Rorschach Test


Previously:
The John McCain Market Selloff, March 07, 2008    http://bigpicture.typepad.com/comments/2008/03/the-john-mccain.html

Source:
McCain Market Rally?   
An outlook on stock market politics, with Art Laffer, Laffer Investments; Andrew Busch, BMO Capital Markets; Greg Valliere, Stanford Financial Group; and CNBCs Larry Kudlow.
http://video.aol.com/video-detail/mccain-market-rally/1663336496

Friday, March 28, 2008 | 04:00 PM | Permalink | Comments (17) | TrackBack (0)
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Comments

Can Laffer please please just go away? I think he's done quite enough damage to the well being of the less than rich American, thanks anyway.

Posted by: donna | Mar 28, 2008 4:33:55 PM

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