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Obamania!

Posted on Thursday, January 22nd, 2009 | In Politics & Your Money
Contributed by: Jeffrey Miller (http://www.oldprof.typepad.com) -

A website called The Big Money is picking up on the Obama fever and, while still cautioning people of the stock market’s volatility, have assembled a number of Obama portfolios. Their personal favorites include:

Apple (due to Obama’s iPod use and general technophilism)
Hawaiian Airlines (the 50th state is now superchic)
J. Crew (Michelle’s famous ensemble on The Tonight Show)
Nike (Obama’s passion for basketball)
Pepsi (Obama, too, is the choice of a new generation)
Research in Motion (BlackBerry!)
Target (White House redecoration)
Town Sports International (Obama is a longtime member of Washington Sports Club gym)

Strangely enough, their picks have nothing to do with his policies. Instead The Big Money recommends that it’s safer for investors to buy into cultural trends perpetuated by Obama. But will stocks see a significant boost from people who want to drink Pepsi just because the president does? We doubt it.

Last 5 posts by Jeffrey Miller





About Jeffrey Miller (http://www.oldprof.typepad.com)
Jeffrey A. Miller, Ph.D. is a former college professor with a hands-on, real world attitude. His quantitative modeling helped inform state and local officials in Wisconsin for more than a decade. A Public Policy analyst, he taught advanced research methods at the University of Wisconsin, and analyzed many issues related to state tax policy.

In 1987 Jeff began work for market makers at the Chicago Board Options Exchange. His approach included finding anomalies in the standard option pricing models and developing new forecasting techniques. Merging these quantitative techniques with specific company analysis, Jeff also generated trading ideas from sell-side analyst reports.

Through his years of experience in trading options, futures and equities, Jeff has come to be regarded as an expert in interpreting the effect of news on the markets and individual stocks. Jeff has served as a forensic expert in several cases involving such issues. He has also written a series of papers on investment management, describing both quantitative methods and those related to behavioral economics.

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