It's obviously more complex than that, but analysts agree a downturn in the economy has been exaggerated by the election via the courts. Nasdaq and Dow started down yesterday, and picked up immediately upon the Supreme Court's statement. The Dow ended up, the Nasdaq didn't quite make up for the morning's losses.
After hours trading based on Judge Saul's ruling had both markets up significantly this morning, which was then boosted by Greenspan's meeting, but tempered this afternoon by Gore's vow to keep fighting (still up significantly though).
I have to agree with Cavie here that Greenspan has been pretty good in general. He also cautioned for a while now overinflated markets, and the need for a bit of a slowdown to keep things from getting out of hand. But the timing of that with this election mess contributes to panic, and you can't deny it's made for more of a bear than would have otherwise been.
I think the surge that started yesterday was election based, but at best it would be short term, if we get into a long term upswing again it'll be Greenspan.