Four Years On, Stock Market Still Allergic to Obama


In the vein of the historical Obama Speaketh, Stock Market Crasheth, American Stock Exchange ‘Celebrates’ Obama With Record CRASHES – Repeatedly!, and Dow Jones Surges After 2011 GOP Debate… Here’s a more recent update from CNBC via AoSHQ:

One analysis concludes that last week’s sharp three-day market surge can only mean that Wall Street is banking on a victory from Republican Mitt Romney.

That’s the logical interpretation one can draw from a rally amid conditions that otherwise would demand a selloff, Morgan Stanley chief U.S. equity strategist Adam S. Parker said in an analysis that asserts there is no other reason now to like stocks than a Romney win.

And via AoSHQ, next:


Stocks Shoot Up — This Really Might Be A Romney Rally

Stocks are taking off. Now up a bit less than 1%.

Romney rally? It could be, since there’s no equivalent rally happening in the European sovereign bond market, so it would imply that the rally is based on something stateside.

A couple other quick points:

It’s pretty well accepted dogma on Wall Street that Romney would be better for stocks.
Also, stocks got a bit of a lift last night right after the Romney victory.
The Romney win was the #1 talking point on morning analyst notes today.

Bottom line: Quite plausible.

Also noteworthy is that volume is on the high side today.

See also massive collection of telltale graphs and videos at Obama’s Economic Successes: A Roundup.


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