[MadIvan]

This is fairly good news. I was under the impression that it was going to fall no matter who got picked as the market has this weird underlying assumption that Greenspan was somehow making the economy levitate as if by magic.

Regards, Ivan

[Snardius]

I was under the impression that it was going to fall no matter who got picked

For some, the reason to buy was that the president picked someone who was going to continue Greenspan's policies. For others, the reason was that the president picked someone who wouldn't...and that makes a market.

[photodawg]

. I was under the impression that it was going to fall no matter who got picked as the market has this weird underlying assumption that Greenspan was somehow making the economy levitate as if by magic
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The market doesn't have that assumption. It just abhors uncertainty. Greenspan is a known quantity, so is Ben Bernanke. The market doesn't seem to be buying the all is roses scenario judging by its performance recently, what's happening this past few days is that some great earnings reports have come in, and oil prices are stabilizing. Money flows to money.