...Obama's financial proposals? Please note that I'm not saying the market is a barometer of the business community's reactions to Obama. I'm asking those who believe it is to explain the facts that (1) Obama made major new proposals for regulatory oversight of the financial system today, and (2), the markets, which started out in negative territory, have turned positive.
If the markets really don't like Obama's ideas and react instantly against them, how do you explain those two facts?
I thought I stated pretty clearly that I was not advocating the idea that the markets are a barometer on the business community's attitudes toward Obama. I'm asking only how it's possible that the markets could play that role given today's events.
I thought I made that pretty clear, actually.
Patrick--Actually, no, you haven't explained enough. If your claim is true, how DO you explain TODAY's market performance?
If the markets really don't like Obama's ideas and react instantly against them, how do you explain those two facts?
I thought I stated pretty clearly that I was not advocating the idea that the markets are a barometer on the business community's attitudes toward Obama. I'm asking only how it's possible that the markets could play that role given today's events.
I thought I made that pretty clear, actually.
Patrick--Actually, no, you haven't explained enough. If your claim is true, how DO you explain TODAY's market performance?