SPDR S&P 500 (SPY): agreed in full on the legacy angle. but...

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Re: risk on post# 196360

Monday, 04/25/2016 11:17:16 AM

Monday, April 25, 2016 11:17:16 AM

agreed in full on the legacy angle.
but also don't underestimate the election angle.

GOP candidates tend to do better during economic downturn
esp if the downturn is perceived as a failure of dem policy.

Obama benefitted from the reverse of that in 2008.
but if a correction does happen this summer
Fox & GOP evangelists will be shouting from the rooftops
that it's all Obama's fault, and the GOP candidates are the USA's only salvation.

99.99% of all pinks are scams. Best to assume the other 0.01% are as well.

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