Comment

Overnight Open Thread

130
Killgore Trout10/13/2010 8:59:02 am PDT

Wingnuts take credit for the economic recovery….
Is the Stock Market Reading the Tea Leaves?

There is no doubt that the political market’s forecast of a coming rout in the political scenery is cheering the stock market up; the stock market is pricing in the prospect of an opposition party throwing sand in the gears of the most profligate spending we have witnessed in years. The American public seems ready to vote “Stop!!” and the markets are loving it.

Keep your eyes on earnings reports this week and also on the polls. The tea (party) leaves will continue to set.


lol