Quote:
Originally Posted by Dusty
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.
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I have no doubt that the majority of business leaders and large investors would like to see a Romney win. It is then somewhat ironic that the market is up over 60% since Obama took office. Here is a chart going back to Nixon.
http://www.google.com/url?sa=t&rct=j...faPOcxT-tfA2Bw
Just goes to show you that a good rate of return trumps pure politics.
It takes time for the empirical data, but with the stock market up and the average Joe down, common sense would suggest the income gap has actually grown during this President’s tenure. That must really tick him off.
LHC