The probability of another four years of gridlock in Washington is rising as shown by the combined odds of Obama's reelection and the House controlled by Republicans.
Many investors of course complain about how bad this is for the financial markets. But is this outcome really bad for the stock market? The S&P500 is up 15.75% YTD (including dividends) - is that an indication of a market concerned about an impasse in DC? The reality is the market may be liking this more than people realize. . . .
http://soberlook.com/2012/09/the-stock-market-likes-government.html
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| Source: JPMorgan |
Many investors of course complain about how bad this is for the financial markets. But is this outcome really bad for the stock market? The S&P500 is up 15.75% YTD (including dividends) - is that an indication of a market concerned about an impasse in DC? The reality is the market may be liking this more than people realize. . . .
http://soberlook.com/2012/09/the-stock-market-likes-government.html
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