The Krugman Bull Market

OpinionJournal Political Diary's Quote of the Day:

"It started out as a gag here on the editorial page of the Arkansas Democrat-Gazette and soon became a superstition: Every time the stock market took a little dip, we'd reprint one of Paul Krugman's dour columns from the New York Jaundiced Times about the imminent doom of the American economy. Almost immediately the market would bounce back and then some. It worked every time. But we may have overdone it of late. By now the Dow Jones has started to cross into 12,000 territory. A few more Krugman columns explaining how the economy has cooled off and the thing could overheat... The more Professor Eeyore says the economy is going to hell, the more heavenly it gets" -- Paul Greenberg, editorial page editor of the Arkansas Democrat-Gazette.

Posted by jk at October 26, 2006 1:10 PM