Skip to comments.CNBC: Markets Start to Anticipate Obama Victory in November
Posted on 02/28/2012 8:08:33 PM PST by SeekAndFind
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 has hit a new bull market high and is up 9 percent on the year.
The stock markets rise comes as the supposed Republican frontrunner, Mitt Romney, continues to struggle to win the GOP nomination.
Romney has just a 55 percent chance of winning Tuesdays Michigan Primary, down from 80 percent just a day ago, according to Intrade. Meanwhile, the odds of GOP challenger Rick Santorum winning the primary have shot up to 45 percent.
With Romney’s win tonight, his chances of re-election have increased to 100%.
What I want to know is why the markets are rising with virtually no trading volume.
Obviously they don’t know what the hell they are
talking about. It couldn’t be that markets are up
because Obama is out of here...could it.
they, along with other economists, say "Unexpected" more than anything
Like Intrade is infallible? Dopes that base anything off of this gamblers website haven't a clue. How about Obummer under 50% approval in the polls for years, high gas prices, high food prices, housing in the toilet and high unemployment. Those might be something that says Obummer is finished.
can't have it both ways....
he better not get re elected folks....he better no...
Just a plain stupid article. This election will be about Obama,jobs, and gas prices. Doesn’t matter who we nominate.
Another Fed bubble is a more reasonable explanation.
I agree with you. The market rise is nothing but a setup trying to drive cash out of savings, bonds, etc. into the stock market before it crashes. Most of the trading is by the big players to drive up commissions and management fees. A lot of the trading is done by the big players through buying and selling to themselves using separate branches/divisions to mask the transactions.
Because the economy is still in the toilet and most people either don't have any money to invest or are smart enough to stay out. There are nothing but institutional investors playing the market now. This 13K DJI number is absolutely nothing to be impressed about.
I believe so, but I aint biting.
Best do some heavy praying that God takes charge and trumps the GOP and Progressives.
With these liberals, up is down, everything is backwards.
The Communist Obama is going to lose. Big.
Markets cannot wait. Markets are saying Obama will LOSE.
But 13k is an important Psychological watermark! /S
Not if I can help it.
RE: Best do some heavy praying that God takes charge and trumps the GOP and Progressives.
But what if God wants to teach America a hard lesson?
I guarantee that the Feds are pumping money into the stock market, creating another bubble.
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