Redstate

Posted at 10:00am on Feb. 7, 2008 Larry Kudlow Looks at Market Losses on Primary Days

Is Politics giving stock markets a stomache-ache?

By blackhedd

Economics commentator and RedState friend Larry Kudlow opines in National Review's Corner that stock market investors are having a bad reaction to the disappointing (and slightly insane) political primary.

Kudlow points out that four of the closely-watched primaries, including Super Tuesday, either coincided with or immediately preceded multi-percentage point declines in US stock markets. He's right on the money when he says that stock market investors (who ultimately care primarily about the outlook for corporate earnings) have gotten nothing good to listen to from any candidate, at any time in this un-bear-ably [sic] long primary.

Before I continue about this, let me apologize for my recent silence. As you'll see, I don't have a lot of respect for the political primary that has been the bulk of the news. More to the point, I've been busy lining up capital for a new venture. I'm sure this will disappoint some of you, but I have not been singing in Die Walküre, nor am I the ghost of Kirsten Flagstad.

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