Last week I wrote, Obama Bull Market, Right Wing Will Eat Their Words with the premise that the Right Wing had "jumped the shark" in attributing global stock market performance to the actions of the Obama Administration.
Market corrections can go both ways and this week we are seeing the correction to the positive continue.
The Republican Party saw the market decline as a political opportunity and "grabbed the bull by its horn."
The headline at MarketWatch this morning reads "Markets liking what they see."
What do "markets like?" Obama in public? Stimulus plan taking hold?
What kind of day you can expect in US Markets today?
S&P 500 futures rose 10.3 points to 764.90 and Nasdaq 100 futures added 11 points to 1,179.00. Dow industrial futures rose 81 points.
For months in London my colleagues have been obsessed with irrational fear.
This week, fear still remains but the irrational has been replaced with the rational.
By 2010 and 2012, the Republican Party will be in tatters because they "grabbed the bull by the horns."
Democrats only need to step aside, watch and voice the occasional reminder.