Skip to comments.Are coal stocks predicting a Romney win?
Posted on 11/06/2012 9:37:56 AM PST by Ernest_at_the_Beach
NEW YORK (MarketWatch) Using each candidates focus industries, we can glean clues as to whom the market thinks is going to win
While trading sites such as Intrade allow traders to place actual money bets on which candidate will win the presidency for the next four years, public opinion is also manifested in the stock market. There are probably as many ways to analyze what the stock market thinks as there are analysts, but my favorite is looking at each candidates favorite initiatives.
To be clear, I am not going to predict a winner. Take the following analysis as one piece of a very complex prognostication puzzle.
With Governor Romney, we know what he favors. From the Keystone pipeline to his debate quote, I like coal, it is clear that one of his focuses will be on energy and coal in particular. Lets start there.
Many analysts look at the Market Vectors Coal exchange-traded fund KOL +1.24% as the representative for the industry, but 60% of its value comes from foreign stocks. For the purposes of determining what the U.S. stock market thinks about possible energy policy after the election, I prefer the Dow Jones US Coal Index, which unfortunately cannot be bought or sold directly.
(Excerpt) Read more at marketwatch.com ...
That would be Ohio,...
I bought coal (and more BP) last week. A gamble worth taking.
I like the uptick.
I shifted about 1/4 of my 401 into Energy last night.
I really appreciate what Romney has been saying on the stump about using more coal and domestic energy and allowing (promoting too) more drilling and exploration on federal lands.
I have seen two recent stump speeches on TV and was very impressed with Romney putting energy first in his jobs creation program. Plus he has a very good speaking style now, I wonder if he got some coaching (finally). He speaks in a light and positive way to bring in the babes. A bit breezy too.
Obummers early voting is down significantly...that was key for him in 2008.
This morning a talking head on the radio said that while Wall Street wanted Romney to win, they had priced an Obama victory into the market.
Who knows what to believe?
Wyoming (442,522 short tons, 3 Electoral votes)
West Virginia (135,220 ST, 8 EV) and Kentucky (104,960 ST, 5 EV)
Pennsylvania (58,593 ST, 21 EV).
In 2008, WY, WV, KY voted for McCain/Palin. PA voted for Beelzebub/Molech. The 2008 B/M vote in PA was concentrated in the east, not in the PA coal country.
I bought Alpha Natural Resources (ANR) last Friday. I think it’s movement predicts a Romney win.
We think three of them deserve a yes vote.
For US Senator,....Feinstine would not even do a debate....down with that nonsense.
Rohrbacher gets a yes vote ....
After that I am following the R's.
Got a 10 minute walk over to the club house....be back later.
Dana Rohrbacher. Good man.
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