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The stock market is fundamentally an irrational and emotional critter. It's a poor indicator of The Economy at Large, but it's SOMETHING, and it's a loud and dramatic and easily-tracked something. And I think it's fair to say that starting a several weeks ago and ending a few weeks after that, the Obama administration failed to sweet-talk the market, it was all about how serious the problems are, and the lurching market we saw was a see-saw rollercoaster reaction to that.
Not that it means anything really, but it becomes an easy target for those who want to exploit the new administration's mistakes.
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