Thursday, January 21, 2010

Stock market gets giddy over Massachusetts from PWW Daily Online

 

It's tempting to go into a long rant about the results of the Massachusetts elections. But I'm basically of the "let the dust settle a bit" school of punditry. For now I fall into the "It takes a fight to win" camp. Having said that, something that really got me going before the polls closed on Tuesday was Wall Street and the stock market.

Business reporters and Fox Noise analysts were ecstatic. All the U.S. markets rose steadily all day long. "The markets are betting that the Democrats will lose Kennedy's seat in the Senate," they thrilled, "and this will not only kill health care reform, but all the rest of the Obama agenda." Most mentioned banking reform and labor rights, like Employee Free Choice. Then they also mentioned that pharmaceutical and insurance stocks seemed to be leading the way higher.

read rest at http://peoplesworld.org/stock-market-gets-giddy-over-massachusetts/

No comments:

Post a Comment