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.
In a time of a recession should Barack Obama and the White House really be increasing entertainment spending? That is exactly what they are doing. Do as I say, not as I do.
So as you are told to cut back to make ends meet, the Obama White House kicks up the entertainment. All this while as the Gateway Pundit states, Hope & Change– Dow Dips Below 7000… First Time Since ’97. So much for those failed GWB years. Obama’s policies have caused markets and investors to run fleeing for the hills. The end result, making our economy worse. The markets are not the MSM … as PJ Media points out, “Stock Market to Obama: I’m Just Not That Into You”
During the Presidential campaign Barack Obama used the political catch phrases, “change you can believe in” and “yes we can”. Well folks, you are now witness to what happens when you elect a tax and spend liberal socialist to the Presidency. Barack Obama is now the steward of a Dow Market that is below 7000 because of his abrupt socialist changes and not having a clue how to deal with the economy … “Yes he did”.
The DJIM has plummeted since Obama forced through the passage of the Stimulus bill. The markets and investors have no confidence that the pork barrel stimulus spending plan is the right direction, who would. Barack Obama is literally promoting disincentives to work. How is this going to fix the economy and grow jobs when you attack the very people who create jobs? As Doug Bandow says, “Now that’s going to help us get out of the recession! Punish hard-working professionals and convince them to cut back services for the rest of us”.
A Liberal with an unlimited credit card
is very scary. We wonder if Barack notices the ‘crunching sound’ under his feet as he decimates the real source of money and value now and on into the future.
With the power entrusted to him, is he
forcing America to dig it’s own grave?
Is he treading on the Constitution
as well as deconstructing Capitalism?
Me thinks so. (Vanderbilt – ‘09)
Dow hits 12 year low … Thank you President Obama … you own this one.
At The Corner they refer to the Dow Jones as a limbo dance … let’s just hope that Obama does not make the Dow Jones be a spandau ballet.