Monday, March 22, 2010

Just for fun: the market responds

How'd the market do in response to passage of health insurance reform?
If Republicans are right that this is the end of capitalism as we know it, you'd expect the markets to have tanked today.

Let's look.
Dow: up 0.41%
Nasdaq: up 0.88%
S&P 500: up 0.51%
Hmmm... seems the market likes it!
Then again, the investment being pushed by the doom-and-gloomers didn't fare so well:
Gold: down 0.73%
To be more-or-less honest: the market is held by those in the know to prefer certainty to uncertainty. Simply having the debate ended - one way or the other - could well be the good news to which the market responded today.

On the other hand, gold is everyone's favorite hedge against uncertainty.

Hmmm... this suggests that if the Dems got their act together & started confidently, boldly passing ultra-liberal, socialist legislation, the market would sky-rocket. (And, coincidentally, Glenn Beck would have reason to cry - both for the legislation, and for the decline in the value of his gold.)

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