Mid Morning
Posted on Wednesday, July 2nd, 2008 | In Current Market NewsIs the market pricing in an Obama presidency?
That was the debate between two politicos on the network a few minutes ago.
Without getting into politics or who would be good or bad for the country, of course the market is pricing in an Obama presidency.
Hasn’t it been obvious for a while that the election is his to lose? It seems pretty clear that he will win quite handily–not talking my book, I am no democrat.
You have heard that the market prices in all known information (whether it always gets it right is another issue) and the market has an opinion about who will win. This may change between now and the election (2000 and 2004 were closer than most and so there could be some wrinkle to change perception along the way) but the equity market does not ignore who it thinks the next president would be.
Last 5 posts by Roger Nusbaum
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 About Roger Nusbaum (http://randomroger.blogspot.com)
Roger Nusbaum is a portfolio manager with Your Source Financial of Phoenix, and the author of Random Roger's Big Picture Blog, which has been profiled in several top business publications, including Barron's and Forbes. Nusbaum has also been a financial consultant with Morgan Stanley, an investment counselor with Fisher Investments and an institutional equities and options trader with Charles Schwab. He holds a bachelor's degree in economics from San Diego State University |
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