The state-run media certainly isn't talking about it and there's hardly a murmur on the Internet, but there's something going on. President Obama's poll numbers continued to tank over the past two weeks. The economic news stayed fairly grim during the period. Democrats, the coalition of the oppressed, came unhinged over health care legislation. Through it all, the Dow Jones Industrial Average and the S&p 500 Index both gained approximately 12% over the same period. Imagine that.
"Follow the money" was an operative phrase I learned a long time ago well before it became popular during the Watergate years. Could it be that the market rally comes directly out of a realization that this clearly anti-capitalist administration is in deep trouble with independent and center left voters? Keep this in mind over the next few weeks. The first hints will come from the conservative blogosphere. Also pay attention to the White House Friday afternoon news dumps to see how they handle the public announcements of news they would rather leave unsaid. Finally, look for reactions from the centrist press and conservative columnists.
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