Saturday, October 27, 2012

Stocks and Bonding

If performance of the Dow Jones industrial average is an accurate predictor of who will win America’s quadrennial presidential races--as it has so often been in the past--then President Obama should be planning for a second term.

“The stock market has done better than average during his tenure,” The New York Times notes, “not to mention better than during either of the two terms of his predecessor. In the past, such a healthy stock market performance has usually been followed by a victory for the incumbent party.”

Meanwhile, newspaper editorial pages continue adding to Obama’s list of endorsements. Among the latest advocates for his re-election is The Miami Herald, which writes: “In the end, Mr. Obama’s policies across the board--the environment, social policy, taxes and immigration--offer a more generous vision for America. The issues he has fought for, coupled with the lingering doubts about Mr. Romney’s persona and his true intentions, make this a clear choice.”

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