Wednesday, June 6, 2012

Stock market up at open on Walker win

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6/6/12, "Stock Market Surge Is Touched Off by Victory of Walker at Wisconsin," NY Sun, Larry Kudlow

"You didn’t see it in the mainstream financial press Wednesday morning. But stocks loved Governor Walker’s spanking of public-sector unions and Democrats in Wisconsin. The Dow jumped about 165 points right at the opening on Wednesday, and was up over 200 points later in the day. There really was no other news. There was some speculation about central bank stimulus in Europe and the United States. Blah, blah, blah. But there was nothing specific or concrete.

So it’s an easy point to make: Markets love the Scott Walker landslide.

Tuesday night on the Kudlow Report, two investment gurus predicted a bullish market if Mr. Walker won. Art Hogan of Lazard Capital and Mike Ozanian of Forbes both forecasted a Walker rally. And that’s just what we got Wednesday morning."...

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Ed. Note: Mr. Establishment Kudlow is OK as a source for straight news but nothing more. For example, he actually credits an RNC hack, Reince Priebus, for Scott Walker's Wisconsin win. Anything good in Wisconsin is despite the RNC not because of it:

6/6/12, "Did tea party put Scott Walker over the top in Wisconsin recall?" CSMonitor, P. Jonsson

"Walker’s ground game played a big role in pulling off a win, as he became the first governor in US history to survive a recall election. And like the recent GOP primary victory of Richard Mourdock over veteran US Sen. Dick Lugar in nearby Indiana, that ground game is being pitched by cadres of grass-roots activists who identify to a large extent with the leaderless tea party movement."

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GOP sleeping on Walker recall election: Ann Coulter, 5/30/12:

5/30/12, "GOP WHISTLING PAST THE END OF AMERICA," Ann Coulter

"Democrats know what's at stake. They're treating this election like the Normandy invasion. Meanwhile, Republicans are sitting back, complacently citing polls that show Walker with a slight lead. ...

Fox News has barely mentioned this election, while on MSNBC they're doing non-stop campaigning on behalf of the unions.".


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