Until two days ago, things were looking pretty grim.
As I discussed in a diary, I thought that we are heading for an Argentine style collapse.
The Dow was below 9800, and it cost over $1.28 to buy a single Euro, very near the record low of February (FWIW, 2 years ago $0.97 would buy a single Euro).
Since then, the Dow has gained 200 points, and the dollar has settled down to about $1.27:Euro.
The same thing happened just before the 2002 elections: a brief rally that kept the public from thinking about the fact that the economy is going into the crapper.
Does Bush have some hedge fund friends who are gaming the market to produce a short bump to the market?
This is the 2nd time that this has happened in two elections, so I'm dubious of coincidence.
5 Day graphs below fold (the number for the dollar goes higher as it weakens).
The Dow
The Dollar vs. the Euro.