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.
Commodities certainly seem like the place to be.
Seriously? The election is more than 8 months away. Alot can, and will happen between now and then, and damn little of it good for Obama.
Oil and gas on the rise. A major war in the Middle East. The Euro and the European Union in turmoil. The Occupy Wall Street crazies coming out in full force this Spring, with violent episodes erupting all over the country. And this is just the tip of the iceberg.
Throwing in the towel is not an option.
Everyone should stop for a moment and think about something:
Are we really so brainwashed, we actually believe that the stock market going up, means the communist is going to win?
I also do not directly list my name. :)
Anyway, so far so good.
I was once Kansas Republican Party Treasurer and a Broker at the same time.
It can be done but you are correct, we must be careful.
who are these people voting for him?
“Are we really so brainwashed, we actually believe that the stock market going up, means the communist is going to win?”
The two statements DO seem mutually exclusive don’t they?
But then, we are no longer in the mostly sane, market-based financial environment of old.
CNBS is a joke.
I wouldn’t put a single penny down on anything they say.
The vote will be anti Obama and not pro anybody
“Hard to pin the market on any one good thing or bad thing.”
The market is the market.
It is no longer your father’s stock market.
It is fat cats like Soros and Buffet, and others with big computers, doing the pump and dump.
On a day to day basis, the market has nothing to do with reality.
To say that the public is expecting a glorious eight years
of Marxist ideology, run by the Obumber puppet, is whistling in one’s britches.
Color me skeptical too
The seeds of a second American recvolution will be planted.
this is called Dem BS.........no one with brains is expecting the liar in chief to win
That, and the fact that the Fed and the other centrtal banks have pumped about $7 trillion in liquidity into the markets over the past couple of years...
There is simply no way, that markets actually want Obama.
That’s like claiming chickens, support Colonel Sanders.
What market “support” Obama may have, is government corruption - oops I mean stimulus. Government money spent on democrats by other democrats.
The actual free market, is being the leading indicator it always is. It tanked before Obama was elected, and it’s rising now.
In anticipation that he’s about to be un-elected.
They’re rising with government money, particularly pension and retirement money goes into this so called “market.”
This makes the market polluted and of course not a free market. This psuedo market is based on TAX flow, period.
Which is why the financial racket wants Romney to counter inflation by CONSOLIDATION and IMPLEMENTATION of Arbeitsziehungslager- Shackle-Care. Which sucks more from non-govt. right into the government system and right into the government poisoned pension market.
you sir, are correct beyond belief. Been looking at this myself and every day I scratch my head saying how can this be with the market? There will be many BIG investors who will make a lot of money in the short term. Others it will be a long drop to a dry well.
I will post that every time the BS meter pegs.....
Blacks, unions, illegals and stupid white people.
The way I look at the stock market under such an oppressive and fascist government as we have with Obama and his henchmen Czars is that it would be the very LAST place I put any of my money or keep any.
Before he was elected and took office, I took every everloving cent I had in it out. Its true that levels eventually nearly got back up to where they were almost three years later, but one must remember that the DOW hit over 14000 before he was elected. At best last year, smart investors were able to keep their money with no return.
Todays high increases and low volume? I’d guess computers and brokers fleecing the gullible people who think they are ‘stock traders’ ala Guitar Hero or something like the government artificially making strategic money-dumps. In any case, it’s not a smart place to be for someone not well-connect and on the “in”.....
The vote will be for ‘The Devil You Know.’
“In anticipation that hes about to be un-elected.”
Let us hope so.
I’m not the most connected person in the world, and I don’t know who they are talking to, but I sure don’t get the certain impression that we are about the end the coup of the RaceMarxist.
The thing about precious metals is that unlike stocks and paper ‘currencies,’ they will never be worth nothing.
Food and guns are similar, but food perishes quickly, and guns are only yours as long as you can defend them.
I amuse myself watching the financial press change their story from Pre to Post market as to why things happened the way they did. Sometimes they end with the exact opposite of where they started!