The stock market opened on Monday to speculation that a rebound was about to occur. And boy did it ever.
Stocks rose by their sharpest gains in the history of the market, posting a 955-point-gain by the end of the day.
Market watchers say that today could be a repeat of Monday's windfall.
And thus, it is entirely possible that the market this week could regain most if not all that it lost in the past few weeks.
If this good news continues to hold until Election Day, does this mean, then, that John McCain and the Republicans get to benefit handsomely from the upswing? It would seem only fair given how thoroughly they have been blamed for the woes in the financial markets of late.
Isn't it interesting--Obama benefits from bad news. Let's see if McCain benefits from good news.
Tuesday, October 14, 2008
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