… in action. the NY governor falls, Wall Street rises. This is going to be my only post on the Eliot Spitzer situation.
From the Corner:
Dow Sees Biggest Gain in Five Years [Stephen Spruiell]
The Fed’s latest injection of liquidity into the market, or a rampant outbreak of Spitzerfreude-related euphoria? I have to think the fact that everyone on Wall Street is in a good mood had something to do with it.
I think there’s actually something behind this little theory. Spitzer was roundly hated on Wall Street dating back to his days as NY’s attorney general.