Has anyone noticed that John McCain is surging in the polls? According to the latest print from Rasmussen and Zogby, McCain now holds a 6 to 8 point lead against Hill-Bama. And I doubt that Senator Obama’s speech yesterday will change anything. It was nothing more than a non-denial denial of his fidelity to Reverend Jeremiah Wright and Wright's hard-left anti-American agenda.
(For those interested in especially good commentary on Obama's speech, I suggest reading Ronald Kessler's piece over at Newsmax, as well as the editorial in Investor Business Daily. Both have insightful critiques.)
McCain's surge means that it is much less likely that Herbert Hoover-style high-tax and trade-protectionist proposals will come from Hill-Bama. This point will not be lost on the stock market.
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