Tornado Alley (PROG)

[SilverSurfer]

"Obama has been the friendliest President to banks and big oil in history," he states in the attached video. "Wall Street secretly loves Obama."

Bleier doesn't intend to make a political statement. His point is that markets have blasted off under Obama at the hand of "free money" from the Federal Reserve. While the Fed and Executive Branch are supposedly independent of one another, Wall Street believes it. Certainly the Fed's recent decision to launch another round of Quantitative Easing, triggering a quick 2% rally did nothing to belie these suspicions.

"Obama's a shoe-in unless the market crashes two weeks before the election," says Bleier. "This guy's got it locked up."

Easy money, under Obama or Romney, will come back to haunt the economy eventually but not before driving asset (oil & market) prices higher. Investors and corporate America flourish when cash is cheap and stocks are moving up. As a result, for your near term portfolio performance and the general happiness of corporate America, an Obama re-election is a best case scenario.

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"One party wants to provide corporate welfare and endless money-printing. The other doesn't think corporations should pay taxes. Not much choice happening here. Goldman Sachs, JPMorgan, Citibank, BOA win either way. Both parties get massive campaign contributions from the same too-big-to-fail banks, and the electorate pretends like their votes matter."

http://finance.yahoo.com/blogs/breakout/wall-street-secretly-loves-obama-bleier-141915787.html