Posted on 07/31/2009 5:29:20 PM PDT by quesney
I have a theory:
The stock market is Rallying Because Obama is Tanking, just like it Tanked As Obama Came Closer to Presidency.
Could an enterprising graphic-saavy Freeper produce some kind of composite chart that overlays the Dow or S&P charts with the pre- and post-inauguration Obama approval polls (including InTrade odds on Obama's election win).
I'm guessing you'll find a pretty close (inverse) relationship and that Obama's sagging poll numbers have reassured investors.
Dow http://finance.yahoo.com/echarts?s=^DJI#symbol=^DJI;range=2y
S&P http://finance.yahoo.com/echarts?s=^GSPC#symbol=^GSPC;range=2y
Obama Approval http://www.gallup.com/poll/113980/Gallup-Daily-Obama-Job-Approval.aspx
Rasmussen Poll http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
Obama and Stock Market 1 http://www.kevinwebb22.com/wp-content/uploads/2009/03/stock-market-dow-jones-obama-chart-march-2009.jpg
Intrade Obama chance of victory http://www.intrade.com/images/generated/intrade/pe_obama_mccain.png
--- Just a theory.
....or it could be the ‘calm before the storm’?
The market started sinking around June 2008 when it was pretty obvious that Hillary had been punked by Obama. It got a lot worse as his poll numbers went up and capital fled the US markets.
If someone found his Kenyan BC and he was removed - the Dow would rally 3,000 or 4,000 points.
“If someone found his Kenyan BC and he was removed - the Dow would rally 3,000 or 4,000 points.”
Yes it would and we’d see that inside of a single day! But, Danggit! As you know, I’m a Goldbug, so that wouldn’t be good news to me; the more he screws things up, the wealthier I become!
But if it will save my Country to have that Usurper gone, I’ll take the financial hit for the rest of you. ;)
P.S. Gold and Silver kicked @ss today. Something’s a-foot. ;)
On the other hand, it is entirely possible that the market is pricing in the defeat or watering down of socialized medicine (among all the other factors that are in flux these days).
Well I doubt gold would take a huge hit if the markets had a huge rally. You still have a lot of buyers in Asia and around the world.
Be wary because in the 1930s - FDR conficated gold. Supposedly an IRS agent was present when people went to the bank to open their safe deposit box. I am not sure how we will handle it this time.
While there are always certain stocks to be picked, the overall indices are doomed for a crash, probably before year's end.
The dollar is getting slaughtered because we are doing hundreds of billions in treasury auctions to fund the insane spending of .gov, being financed with dollars being printed out of thin air.
Correct. The market generally discounts the future. One of the reasons the market and economy started plummeting in Bush’s final days. The economy was hurt by 2006 Dem Congress an dthe NO Energy Policy (No to anything & everything) that drove gas prices to $4.50 a gallon.
Again discounting the future in us (due to the Dems) doing nothing when we sit on about 5 times the Saudis reservews in shale oil, coal diesel, offshore, hydrates, nat gas, etc.
THEORY????? ARE YOU KIDDING ME?
fact dammit
Problem is, eventually the dems are gonna get so frustrated about not being able to get anything through that they will eventually ram SOMETHING through just so they have something to ride on in 2010.
We better throw them a bone.... quick.
(a very little one)
(no.. a teencie-eencie... tiny one)
(never mind... they’ll just blame Bush again anyway)
Why would the market go wild with Joe Biden as president?
The 2009 recess upon us, without more approved spending. ...I hope.
US representatives returning to their respected states to hear from their constituents.
...maybe we can stop the insanity.
Yep. I’ve been in this game for over ten years now, and we have NEVER had a ‘Summer Rally’ like this one in all of that time.
Usually gold & silver tank in the summer months...
Honey, they’ve got to FIND it, first. ;)
That was ‘Frantzie’s’ theory, not mine.
Yup. Just like the market rose after the GOP takeover of the House in 1994.
IMHO, we’re coming up on the mother of all shorting opportunities. Seen this?
http://www.ritholtz.com/blog/wp-content/uploads/2009/07/20090724.gif
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