Skip to comments.Stock Market Picks 90 Percent of Presidential Elections
Posted on 02/26/2012 10:13:13 PM PST by Innovative
Since this article is originally from US News, which cannot be excerpted, no excerpt, but brief description in my comments section. For more detail, please see article at the link.
(Excerpt) Read more at finance.yahoo.com ...
But still nothing is 100%. So we'll see.
In the past we had good employment numbers with the rise in the DJIA. This time old rules do not apply.
This would be a true thing if volume in the market was up. That would mean that people on the streets are making enough coin to invest and save. The fact is that even though we have DOW 13K, volume is very low. People are still scraping by. Unemployment is still high, foreclosures are high, gas prices are high, food prices are high and people are still underwater on their home loans. These things fly in the face of the logic that these DJ number will matter a hill of beans.
Are you better off now than you were 4 years ago?
My record is over 90% making a call in September of an election year. Geez.
With the exception of federal workers and Goldman Sachs employees, I’m figuring very few people will say yes to that question in 2012
Right you are....This is a low volume stockmarket with lot of that volume being high frequency trading so who is actually benefiting from it? Lot fewer people than in past years
So, lets see...if Helicopter Ben Bernanke prints enough money to keep the DOW moving up, Obama is a shoe-in.
Gas will be above $5... it is in many places today (premium)... inflation is raging at groceries, in clothing and utilities... cars are aging yet we will not go into debt... and people are scared and we are in a depression... small businesses are dying every day and the trend is accelerating... and the market has been propped up with TRILLIONS in bail out dollars and federal reserve dumping and QE etc etc etc... it is a bubble... and bubbles pop.
I remember after Reagan was elected in 1980 that my brother mentioned the statistic that every single president elected in a year ending in zero died in office. So Reagan would too.
‘Cept Reagan didn’t.
I’ve seen a roulette wheel hit “red” 25 times in a row.
He came pretty close. He owed his survival to modern medicine.