#1 Markets Start to Anticipate Obama Victory in November
02-29-2012, 07:54 PM
- Join Date
- May 2008
- Locked in a Dungeon, being tortured and LOVING IT!
OH this could belong in so many sections. Political for its reading, Stupid liberal tricks for being liberal and stupid as hell or humor for how funny it is.
Markets Start to Anticipate Obama Victory in November
While President Obama may not be Wall Street's ideal candidate, stock prices are rising on growing expectations he will be re-elected this November.
Part of that, market pros say, is simply that investors feel more certain about who will be in the White House for the next four years and which policies they will have to deal with.
Obama's chances of winning in November increased to above 60 percent on Tuesday, up from about 50 percent at the beginning of the year, according to the odds on prediction market Intrade.com.
Meanwhile, the S&P 500 [.SPX 1365.68 -6.50 (-0.47%) ] has hit a new bull market high and is up 9 percent on the year.
The surge in President Obama’s chances at a second term also have coincided with a string of better-than-expected domestic economic data this year, including an all-important drop in the unemployment rate.
http://www.cnbc.com/id/46556820Rest In Peace America
July 4, 1776 - January 20, 2009
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