As we move inexorably closer to the November elections, I think it’s critical we keep in mind some of the wisest words ever penned by one of the wisest markets/economics pundits extant:
“I have long believed that stock markets are the best barometer of the health, wealth and security of a nation. And today’s stock market message is an unmistakable vote of confidence for the president.”
–Larry Kudlow, July 20, 2007
Keep that in mind, ladies and germs. I mean, who am I – or any of us – to argue with Sir Lawrence?