Tuesday, July 31, 2012

WallStreet Betting on Romney

"With just 100 days left until the U.S. presidential election, investors are beginning to make bigger bets on which candidate will carry the day."
"The fact that the election is so close now speaks volumes about how much we are concerned about the current economic situation in the United States, the conventional wisdom indicates that Wall Street would rather see a fiscal conservative Republican win. That's sort of a free-market capitalist concept, except for the fact that history doesn't play that out. What's typically better for Wall Street is some sort of gridlock. "At the end of the day, we are not really worried that Europe is going to be 'solved' or that its economy will strongly grow. 
"With the polls showing a race still ripe for the taking, the economic picture of the last four years and the next four years likely will come down to 100 days' worth of news."
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