Home/Daniel Larison/What Is The Margin Of Error In The DJIA?

What Is The Margin Of Error In The DJIA?

And another important poll—the stock market—roared on the day after President Bush’s 9/11 speech. Stocks know that Bush is saving the country through lower tax rates for prosperity and a strong national security to protect us. ~Larry Kudlow

As Kudlow may have forgotten in his enthusiasm for buying shares, stocks are not conscious entities–stocks don’t know anything.  Might it be that there is something else going on that a market analyst might take more seriously as a reason for investors to start buying?  Maybe something like this from CNN Money:

Stocks rallied Tuesday afternoon as sharply lower crude prices and falling Treasury bond yields revived optimism about the economy and consumer spending.   

Do the stocks also “know” that Larry Kudlow is a bombastic partisan?

about the author

Daniel Larison is a senior editor at TAC, where he also keeps a solo blog. He has been published in the New York Times Book Review, Dallas Morning News, World Politics Review, Politico Magazine, Orthodox Life, Front Porch Republic, The American Scene, and Culture11, and was a columnist for The Week. He holds a PhD in history from the University of Chicago, and resides in Lancaster, PA. Follow him on Twitter.

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