The “rally” is not so great. The market was over 14,000 now it is 11,000. Big deal.
When the markets come face-to-face with the inevitable end of huge deficits, the bubble -- the Obama bubble -- will burst, and the markets will crash again. This, of course, is a decision for political economy and is the topic for another essay.
The question is when. I look for Soros and others to crash the market again when the GOP takes back the House and Senate.
Happy Days Are Here Again!!!!