FRONT PAGE CONTRIBUTOR
Gallup mutters about relationship between Dow, approval ratings.
Clearly in reference to Jim Cramer’s I’ve-been-saving-this-for-months revenge clip* of a few days ago, the Gallup organization would like you to know that there’s no historical relationship between a President’s approval rating and the Dow Jones Industrial Average.
Mind you, that wasn’t the argument that got made – Cramer was arguing that this specific President’s disapproval ratings (via Gallup!) were being reflected in the S&P 500 going up – but nonetheless, Gallup felt the need to do that analysis.
Well. Thanks for letting us know.
PS: Yes, I see the large holes in Cramer’s theory. So does Cramer, probably. It’s still funny that Gallup felt the need to do some repair work here. Clumsily.
PPS: I also look forward to the people ready to tell me earnestly that this Gallup analysis really had nothing to do with Cramer’s video. No, really: it’s a lovely Saturday afternoon in which to have a laugh.
Crossposted to Moe Lane.