Did Scott Brown's Election Cut 335 Points Off the Dow?


CNBC's Jim Cramer devoted some of his show on Tuesday evening to crowing about the huge market rally that would follow the election of Massachusetts Republican Scott Brown. Is it possible that Cramer, who was speaking before the final results were in, was lamely trying to tweak the election results by encouraging his Massachusetts viewers to boost their stock portfolios by voting for Brown?

If so, Cramer's efforts failed miserably. Since it opened Wednesday after the election results were known, the Dow has lost 335 points. This is just another example of the nonsense that regularly passes as market analysis in our media culture.