Trust the market

My conservative friends are fond of telling me that the market is always right. Well let’s look how the market behaved yesterday.

According to the New York Post, after the Spitzer story broke:

“Traders were on such a high that stocks rallied for about a half-hour.”

I don’t know about you, but I certainly trust a market that forgets about the mortgage crisis, lack of consumer spending, our trade deficit or any of the other economic troubles we are facing and values our nation’s companies based on the fact that Elliot Spitzer paid for sex.

/sarcasm


InsideOutsider is a longtime Democrat who has worked for a variety of progressive organizations and causes. He lives in Washington, DC.

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