But seriously - - here's today's lesson.Charlie Sykes noted this morning that the Dow Jones was down - - which it was at that moment - - but he tried to tie it to the Senate last night passing Wall Street banking reform.Charlie said when the government institutes new regulations, as with the health care bill, the market tanks.Today the Dow Jones closed up 125 points.Right now the market is volatile. It's up, it's down. And is influenced by a zillion real factors and probably even more that are synthetic, technical or just plain irrational.Not everything is Obama's fault.
Monday, May 24, 2010
Sykes Gets A Lesson On The Stock Market
And James Rowen gives it to him: