Skip to comments.Dow up 165 (1 percent-plus) at 1:57 EST
Posted on 11/06/2012 11:02:58 AM PST by WilliamIII
13,273.53 +161.09 +1.23% 1:57 EST, Tuesday, Nov. 6
(Excerpt) Read more at finance.yahoo.com ...
I heard on the news that when the Dow is up on election day the incumbent is gonna win. lol Now it was the media so take it with a grain of salt.
I heard on the news that the rally started when the leaked early voting numbers out of Ohio showed Romney with an advantage.
Heard some CNBC talking heads claiming that Wall Street is actually rooting for Obama.
They actually like Ben Bernanke cranking the printing presses and a hands-off China approach, according to them.
Unfortunately then we were in the middle of a global financial meltdown and the freezing of the credit markets.
Pre-President-elect Romney bump, I say!
I am sure there are those on Wall Street for Obomba....but, more may have finally figured out that the Party has to end sometime....and the end is in sight.
I was expecting you to inform us that this is Bush’s Fault(tm).
Thats garbage. Wall Street has overwhelmingly supported Romney this election cycle.
Nah, if the Dow is up it usually means that capitalists are betting the socialists will lose. They could still be as wrong as anyone else, but that is where they are putting their money.
The markets spiked up sharply after these guys left the quarantine room. This is good for Romney.
...at 11:30 am ET
Common sense would indicate that when the Dow is up on election day investors believe that the election will be won by those whose policies are better for business, whether incumbent or challenger. I am no Jim Rogers or Warren Buffet but offhand I can’t imagine why anyone would think that a reelection of Obama and continued Democrat control of the senate would be good for business.
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