Monday, April 30, 2007

US Stock Market Eating Fried Turkey?

Here's a thought (just spit-balling here), maybe the stock market is defying the negative prognostications of all the nattering nabobs because the good ole' US of A is looking a helluva lot more attractive given unsettling political developments in places that were once thought to be relatively stable and attractive emerging markets. You've got the spread of Chavismo, then Thailand, now Turkey.

Although you'd expect such an attitude to buoy the dollar which ain't happenin' so the theory is speculative. Still my leading candidate is what I call the Max Baucus Lottery.

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