when charlie bludhorn died under suspicious circumstances in the dominican republic in 1983; suspicious in that he may have died in the dr or on the plane home to the US, the stock of Gulf&Western went up dramatically upon the announcement. the market thought the company was more valuable with him dead. similarly when nestor kirchner died, the argentinian stock, bond and currency markets rallied. the market thought argentina was more valuable without the prospect of him coming back as president.
today the stock market is up 2.4%, market still open. so is the market saying america is more valuable without democratic control of all three branches?
seems so
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2 comments:
of course the hypocrites are saying that!
i wonder if something happened to obama how the market would react...i personally would throw a block party.
forgot....happy birthday one day belated.
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