You didn’t see it in the mainstream financial media Wednesday morning. But stocks loved Gov. Scott Walker’s spanking of public-sector unions and Democrats in Wisconsin. The Dow jumped about 165 points right at the opening on Wednesday and was up over 200 points later in the day.
There really was no other news. There was some speculation about central bank stimulus in Europe and the United States. Blah, blah, blah. But there was nothing specific or concrete.
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