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Knapp said that the 1980 parallel shows how the market reacted to the notion that Reagan was going to win, and when he did the market rallied by 10 percent. “The Market acted like it was 1980, but it turns out it was 1948,” said Knapp. “I think a lot of the resiliency and performance in the market this year was tied to this idea that Romney was going to win, and the market was above where I thought it belonged on core fundamentals.”


You know what this convinces me? That rich people are assholes.

(via robot-heart-politics)

(via )

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