Have the markets gone mad?
I’m a lot of things. I’m an American, I’m a small business owner, and I’m a conservative. I focus mostly on that last one, conservatism is the answer this country needs. Party label doesn’t always correspond to Conservatism, and we need to hold feet to the fire on that point, even in the Republican Party as the Financial Deform Bill vote showed (thanks a lot Scott Brown, you traitor). But my belief in free markets is giving me a rather ‘WTF’ moment today.
In the first day of trading on the stock market after this socialistic effort to kill off private enterprise, the Dow jumped triple figures. CNBC had interviews with analysts on the floor saying not only was the bill a cause for optimism in the market but that savvy investors were buying on the cheap as it became clear that the Greek Crisis “wasn’t as bad as we thought it was” to turn a profit as the market rose on that news. I’m spitting im so mad.
The only thing I can think of is that maybe the death of American Private Enterprise was quicker then I thought it would be. Obozo and his band of socialists have got to be manipulating the market, it’s the only way this could happen.