Yesterday morning, the stock market was having a quiet time, digesting the previous day’s gains, when Speaker of the House John Boehner revealed his support for President Obama’s desire for military action in Syria. The market then fell about 1 percent over the next couple of hours before recovering some of the loss near the day’s end.
This morning, the market was again quiet until news hit that John McCain said he cannot support the current Senate resolution on the use of force in Syria. The market took off, gaining over 1 percent in nearly a straight line over the next 2 1/2 hours.
We report, you decide…
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