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In the past, the stock market has been an incredibly accurate predictor of the presidential race. According to stock market historian Sam Stovall, S&P Capital IQ’s Chief Investment Strategist, if the Standard & Poor’s 500 rises in the three months preceding election day, the incumbent is almost sure to win. Since 1948, the S&P 500 has had an 88 percent accuracy rate in predicting the reelection of the party in power—better than jobs figures, not to mention almost all prediction models.
The only thing that dope Stovall is missing is that QE has never been used to lift the market artificially during an election. Voters know the lift in the markets is artificial and it will come crashing down shortly enough.
The only thing that dope Stovall is missing is that QE has never been used to lift the market artificially during an election. Voters know the lift in the markets is artificial and it will come crashing down shortly enough.
I just put Vulture and Voucher together, sickofnyc ... and got ... W ...
LOL!
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