Tuesday, July 19, 2005

Will Roberts Nomination Cause Stock Market Surge?

I think that the markets will be favorably effected by the Roberts selection for the Supreme Court. Why? Everything points to rulings in accordance with by the American Constitution (you do have to clarify who's constitution these days), and that he will not be an activist judge. The business world likes a clear expectation that the law of the land will in fact be what the laws are, so I say that today's 72 point increase in the DOW, will be the start of a bigger rally tomorrow. Here were the numbers from today:

Dow: 10,646
Nasdaq: 2,173
S&P 500: 1,229

Let's check tomorrow and see if I'm right...........................................................

markets