is there a good conspiracy theory on how Democrats (spell-checked ) are manipulating this market higher. it seems that a nice bull run into the election may give Democrats some advantage.
Um...that wouldn't be the democrats. That would be that group that needs to be politically independent to make sound economic decisions.
i think a bunch of republicans have been net short in the last two months because they believe Obama is destroying the country. they keep adding fuel to this rally by covering and re-shorting. Senate Democrats 50 -7 Republicans 48 +7 House Democrats 203 -53 Republicans 232 +53 http://www.electionprojection.com/2010elections/senate10.php
That is conventional wisdom re left wing limiting freedom. But I personally witnessed the most serious trampling upon of individual freedom in my lifetime under a Republican administration, and the Democrats were complicit., but not the instigators.
I don't think the projections are going to be that accurate for the Senate this year because there are more wild cards than usual. In Nevada, will voters prefer Harry Reid who they detest or the wacky Sharron Angle? Tough to determine the Murkowski's effect in Alaska since it's hard to measure voter awareness of a write in candidate. Will they follow through? Will Miller overcome his bad press? Will McAdams slide by if Murkowski splits the GOP vote? Governor Crist in Florida is running as an independent. Meek (D) is a weak candidate and the race is narrowing. Who knows who Crist (a former R) will caucus with if he squeaks in. Colorado is a toss up. Will independendents embrace the Tea Party peeps It goes on and on. Chances are, a Rep, takeover of the Senate will please Wall Street. I couldn't care less if they're pleased or not. I just want some volatility!