Why does the market LOVE Obama?

And by market, I mean Wall St

It's not the Fed, because the Fed is independent. I know so because they say so all the time.

It is the market. The the evidence is clear. The market LOVES Obama.

 

It's just QE.

 

The Last Time The Dow Was Here...

"Mission Accomplished" - With CNBC now lost for countdown-able targets (though 20,000 is so close), we leave it to none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where we stand (oh and the following list of remarkable then-and-now macro, micro, and market variables), namely that "we all know it's going to end badly, but in the meantime we can make some money" - ZH translation: "just make sure to sell ahead of everyone else."


Dow Jones Industrial Average: Then 14164.5; Now 14164.5
Regular Gas Price: Then $2.75; Now $3.73
GDP Growth: Then +2.5%; Now +1.6%
Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
US Deficit (LTM): Then $97 billion; Now $975.6 billion
Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
US Household Debt: Then $13.5 trillion; Now 12.87 trillion
Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Consumer Confidence: Then 99.5; Now 69.6
S&P Rating of the US: Then AAA; Now AA+
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
EURUSD: Then 1.4145; Now 1.3050
Gold: Then $748; Now $1583
NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares

http://www.zerohedge.com/news/2013-03-05/last-time-dow-was-here

 

Yawn. No, it won't "end badly", because the "ending" is the start of the next cycle.

 

If it is not due to Obama, that would mean that if Romney had won, he would be the beneficiary of this boost.....

No - it must be Obama, because otherwise the loss by Romney would mean they gave up the chance to be associated with all-time DOW highs.

So it must be - that Wall St loves Obama.

 

Seems a better chance Odumbo will also be associated with a big market drop later/end of his term... folks will remember that more than today's action.

 

Because that drop will erase ALL of the gains during Obama?

 

You mean - the market REALLY IS determined by who is Prez? :eek:

The Romney campaign people must be punished severely!!

 

Which is why blaming Bush for the recession beginning 2008 so enrages the right--it's always been Obama's fault.