Is he? As it happens, Romney offered a testable proposition in his Boca remarks: "If it looks like I'm going to win, the markets will be happy. If it looks like the president's going to win, the markets should not be terribly happy." How's that going? Not very well. Over the past month conventional wisdom has shifted from the view that the election could easily go either way to the view that Romney is very likely to lose; yet markets are up, not down, with major stock indexes hitting their highest levels since the economic downturn began.