So it's an easy point to make: Markets love the Scott Walker landslide.
Tuesday night on "The Kudlow Report," two investment gurus predicted a bullish market if Walker won. Art Hogan of Lazard Capital and Mike Ozanian of Forbes both forecasted a Walker rally. And that's just what we got Wednesday.
The logic? Well, mainly, a big Walker win opens the door to a Wisconsin victory for Mitt Romney this fall. Think of Walker as the leading indicator for November.
Noteworthy in the Walker victory was a huge GOP get-out-the-vote ground game, set up by Reince Priebus, the Wisconsin native and Republican National Committee chairman. Priebus said he was confident that the superior ground game will be there in November for Romney. And if Romney takes Wisconsin, it could by Katy bar the door for a national GOP landslide.
But the other bullish point is that stock market investors prefer low taxes to high entitlement spending. The grassroots taxpayer Tea-Party revolt that carried Scott Walker to victory is alive and well around the country. (By the way, in California, San Diego and San Jose just voted in government-union pension cuts.)
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