Wednesday, September 08, 2010

Stocks Will Stage Political Rally

I have said "Obama Down = Stocks Up" and Scott Grannis thinks so too. It is very dangerous to let your political passions guide your investing but it is also not good to be 100% rigid in life, and now, I believe, is a time to ignore the sensible segregation of politics and investing. Politics dominates the investing landscape today in an obviously negative way. A better policy environment is more likely than not coming very soon. We need a full reversal of the damage that has been done, but that'll have to wait until 2012 at the earliest. In the meantime, a little can go a long way. The best thing that can happen to the market is the gavel passing from Nancy Pelosi to John Boehner (or Donald Duck for that matter).

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