Replies to post #742 on The Contrarian

[Toofuzzy]

>>>> it's hard to see a catalyst that could maintain the market's valuations.<<<


Ummmmmm Money printing but it won't help the economy! We needed a massive infrastructure repair project but congress saw its sole job as getting Oboma out of office.

I would much rather have Bloomberg as president than Romney but it obviously won't happen.

toofuzzy

[PraveenP]

The odds are very likely that Obama will win re-election, so I think that is probably already priced in the market.

If Romney wins, then the market might get an initial bump, but will probably fade.

I learned from reading Ken Fisher that the markets are contrarian when it comes to presidential elections. I wrote about it on my blog:
http://simple-trading-system.blogspot.com/2008/08/how-will-presidential-election-affect.html