Dufus, it's bad for a government-based economy. The stocks that dropped are the stocks that rely continually on artificial income from the government. The problem is, Obama has taken us so far away from a normal econmy that the magnitude of government-dependent companies being traded on the stock exchange impact the exchange.<quoted text>So, Galt don't like Bush appointees no more now. Bernanke announced that they were ending the 'Stimulus ' program and stocks drops--more proof that 'austerity' is bad for the economy.
Companies that are part of the real economy, you know, companies that actually make things and provide services to the real economy, seem to be doing ok.
I think it would be a good thing if all the government dole-slurping-companies went out of business. Assets would be freed up for use in the eocnomy, and the burden they place on the economy will be lifted.