Posted by: Liberty
Category: Economics, Elections
Tags: Elections, Martha Coakley, Scott Brown, Senate, Stock Market
Will a Brown Victory in Massachusetts Spark a Stock Market Rally?
Republican Scott Brown has a real chance of pulling off an upset victory in Tuesday’s special election for the Massachusetts Senate seat formerly held by Ted Kennedy. If Brown wins, the Democrats will loose their 60 vote super majority in the Senate required to overcome Republican filibusters. This could be trouble for 2 of Obama’s top legislative priorities, health care and cap and trade. The health care and cap and trade bills are bad for American businesses, and smart investors know this. However, if Brown wins, the passage of these two job killing bills could be doomed. This would be great for our economy and may spark a rally in the stock market.
Jim Cramer of CNBC’s Mad Money, a long time Democrat agrees. In his own words he believes, “… investors who are nervous about the dictatorship of the Pelosi proletariat will feel at ease, and we could have a gigantic rally off a Coakley loss and a Brown win.”
Below is a partial transcript and video clip of Cramer’s show where he commented on the Massachusetts Senate race. The best line of the clip has got to be, “Pelosi politburo emasculation!”



