In “Bear Market Obama”, published on October 23, 2008, we said that “as Barack Obama’s poll numbers go up, the stock market goes down”. The Dow Jones Industrial Average closed at 8691.25 on that day, and Obama led John McCain in the national polls by about 11%. The next day, October 24th, the market plunged…

April 16, 2010 Update: We published this editorial nineteen months ago on September 26, 2008. Today, the Securities and Exchange Commission charged Goldman Sachs with securities fraud for allegedly misleading investors about a mortgage security it sold to them while betting against that same product. January 26, 2010 Update: We published this editorial sixteen months…