Checking In: Obama Melts Down, Stocks Melt Up
Time for a quick look into the stock market again in light of what is happening politically. I have consistently and lengthily laid out the theory and evidence that the stock market trends higher as Obama trends lower in popularity.
The stock market, albeit haltingly, is nonetheless melting upward, up over 7% since Oct. 1.
In the meantime, about the three worst developments that could befall Obama politically are coming to pass. They are 1) his signature legislation is crash and burning, 2) the electorate's perception of him as likeable and trustworthy is eroding, and 3) disapproval among his core support base - minorities, youth, women - is rising rapidly.
Coincidence? I think not!
The stock market, albeit haltingly, is nonetheless melting upward, up over 7% since Oct. 1.
In the meantime, about the three worst developments that could befall Obama politically are coming to pass. They are 1) his signature legislation is crash and burning, 2) the electorate's perception of him as likeable and trustworthy is eroding, and 3) disapproval among his core support base - minorities, youth, women - is rising rapidly.
Coincidence? I think not!
posted by Donny Baseball at 1:21 PM
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