Of course not. A one-day snapshot of the market is all Kudlow needs to determine the cause of the market's rise on Thursday.
Hate to say it but Obama’s disastrous press conference last night is a big contributor to today’s roaring stock market.That's right, the failure of Obamacare will save the stock markets. They went up over 2,000 points as Obama continued to push the plan over the last 4 months, but all that really matters is that the day after the Village decided that the press conference was a bust, the market only could have gone up because Obamacare is failing.
The Dow opened strong and is now up over 200 points, continuing a very bullish rally that is breaking new high ground for shares this year.
Politics is not everything, but I believe that the shrinking probability of a new government insurance plan that would lead to nationalized health care - along with the demise of cap-and-trade that would nationalize energy - is very bullish for stocks.
Hat tip to Bill Kristol for the phrase “docs and cops,” that latter of which were attacked by Obama last night. It looked real bad. In fact his whole garbled, inconsistent, and baffling defense of health care looked real bad. The president’s polls have been falling, especially on his policies. And markets see the possibility that free-market capitalism will live to see another day.
Everything's about making Obama look bad now. Everything. It doesn't matter what he does, if bad things happen it's his fault, if good things happen, it's because he's failing to make bad things happen.
Your liberal media, folks.