Tuesday, March 23, 2010

Is the market up because of "Obamacare"?

Very interesting! The Dow-Jones Industrial Average is up for the two days following the passing of the health care, today a whopping 102.94. Of course, many "liberals" will think there is a direct correlation and causation. Maybe there is. Possibly not. For a more balanced view, see "Momentum carries stocks higher; Dow adds 103" from the Associated Press.

Of course, many "conservatives" will deny any connection. I wonder if some of these believe in the traffic-Federal holiday connection. See "Creating an anti-government myth from a single observation".