We are seeing some good economic news for a change with the Dow Jones poised to have it’s largest monthly increase in history:
The 1200 or so points we’ve picked up in this month would be THE BIGGEST POINT GAIN IN DOW HISTORY.
What the?
And it’s not just the Dow, which is sometimes disconnected from the broader market by dint of its strange composition and price weighting and such.
No, the S&P 500, too, is up 13.2% this month, which would also be the best percentage gain since January 1987. It’s up 139 points this month, also THE BIGGEST POINT GAIN IN HISTORY.
And what else happened this month? We heard wingnut after wingnut take to the airwaves blasting the Occupy Wall Street movement and saying that it is hurting the economy. This news really puts a ding in that argument and should serve as a reminder that Republicans don’t have facts or plans, just baseless rhetoric.