Betting on the future of saving America …
Is Wall Street betting on a Mitt Romney victory in November as for the reason for the recent three day market rally? An analyst concludes that the rally was due to the markets placing their bets on a Romney victory. One can only hope for this change in the 2012 Presidential election as nothing Obama has done could cause any positive movement in the markets. The consistent poor jobs numbers, lack of GDP growth and continual lack of stability in the economic environment as to taxes, all lead to Wall Street wanting nothing to do with another Obama 4 years.
With just 100 days left until the U.S. presidential election, investors are beginning to make bigger bets on which candidate will carry the day.
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 sell-off, 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.
It is hard to imagine that an incumbent president with such a poor economic record could be reelected. As reported at The Other McCain, the polls are trending toward Mitt Romney as much as the Obama cheerleading MSM wants to deny. At some point Americans are going to take a serious look at their choices and their current predicament and future prospects. When that occurs, the bottom will fall out of Obama’s polling numbers. Look for another two months of poor economic data and Obama only talking about taxing the rich for this to come to fruition.