dcb

Markets Show Concern Over Government Micro-Managing

Markets go up when companies expect to make more money. They may not go up, or even go down when the best thing for the economy may decrease their earnings. Think health care reform. That is why it is incorrect to use the market as some measure of policy success. In my view the things that will help me are more likely to decrease corporate earnings (lowering the interest rate on my credit card) that if the market goes down I think that means it usually is a useful policy.