Did Republicans Rally the Stock Market?

Christopher Hayes, Washington editor of The Nation, appears on CNBC to attempt to disprove the segment's claim that the November 4 jump in the markets is directly correlated with "the Republican sweep" on election day. The host cites that it is "undeniably true" that since the DOW opened at 140 points, and was led by the healthcare stocks, which in turn were led by healthcare insurance stocks, it's the market's way of rejecting Obama's agenda. Hayes attempts to inject some reason into the discussion, only to be told that citations from the Congressional Budget Office are unreliable because of "bogus accounting." Ultimately, Hayes has what should have been the last word: "It doesn't matter what investors think! We live in a democracy. And most Americans don't hold stock."

--Fernanda Diaz

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