#1 Markets Start to Anticipate Obama Victory in November
02-29-2012, 08:54 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
03-01-2012, 02:19 AM
Don't believe anything that you read/hear and only half of what what you see. It's election season."The efforts of the government alone will never be enough. In the end the people must choose and the people must help themselves" ~ JFK; from his famous inauguration speech (What Democrats sounded like before today's neo-Liberals hijacked that party)
03-01-2012, 10:16 AMMrs E. Kapelsen of Boston, Massachusetts was an elderly lady, indeed, she felt her life was nearly at an end. She had seen a lot of it, been puzzled by some, but, she was a little uneasy to feel at this late stage, bored by too much. It had all been very pleasant, but perhaps a little too explicable, a little too routine.
With a sigh she flipped up the little plastic window shutter and looked out over the wing.
At first she thought she ought to call the stewardess, but then she thought no, damn it, definitely not, this was for her, and her alone.
By the time her two inexplicable people finally slipped back off the wing and tumbled into the slipstream she had cheered up an awful lot.
She was mostly immensely relieved to think that virtually everything that anybody had ever told her was wrong.
~ Douglas Adams from So Long and Thanks for All the Fish
03-01-2012, 09:17 PM
The market just figures he won't do anything stupid between now and election day. We hope.
Look for a giant dump on 11/7/2012.Be Not Afraid.
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