Stocks Shoot Up -- This Really Might Be A Romney Rally

Stocks are taking off. Now up a bit less than 1%.

Romney rally? It could be, since there’s no equivalent rally happening in the European sovereign bond market, so it would imply that the rally is based on something stateside.

A couple other quick points:

  • It’s pretty well accepted dogma on Wall Street that Romney would be better for stocks.
  • Also, stocks got a bit of a lift last night right after the Romney victory.
  • The Romney win was the #1 talking point on morning analyst notes today.

Bottom line: Quite plausible.

Also noteworthy is that volume is on the high side today.

 

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