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.
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!