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what's it like not to read your own links? Im sure you're not so dishonest as to post this and hope no one else reads it.
But, I guess the record breaking historic highs of 2007 really said a lot about GWB, huh?
So, your link says,
History shows that when the approval rating for a US president dips below the magical 50 percent mark, it is also typically the time to buy.
Let the Obama rally begin!
***
Of course, the rally began back in March when the president's poll numbers had virtually nowhere to go but down. Now, with a summer of discontent over health care reform and the state of the economy, President Barack Obama' s approval ratings are plunging fast -- in the low 50s in most polls -- and stock prices are surging.
This comes as no surprise to market historians who know that poor presidential approval ratings make for strong stock- market profits.
According to research from the folks at Ned Davis dating all the way back to 1959, stocks do better when the public thinks the man in the White House is doing worse.
In fact, in weeks when the presidential approval rating sagged below 50 percent, stocks rose at an annual rate of 9 percent -- versus only 2 ½ percent when the president in office sported a wildly popular 65 percent approval rating in the polls.
Meanwhile, in the everyday world,
Aug. 3 (Bloomberg) -- U.S. stocks rose, sending the Standard & Poor’s 500 Index above 1,000 for the first time since November, on growing speculation the recession is ending and an unexpected profit at Europe’s biggest bank. Oil and metals advanced, while Treasuries fell.
the theory is that stocks rise when the dollar falls.
example:
the dollar fell against most major currencies Thursday, tracking a change in U.S. stocks, which rose as investors expressed optimism that economic deterioration was ebbing.
The U.S. stock market's rally on improved risk appetite reduced the dollar's safe-haven bid, which had earlier been sparked by an unexpected rise in U.S. jobless claims data.
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