“Some investment gurus look at elections to determine how the stock market will move. But Robert Prechter, the renowned president of Elliott Wave International, looks at the stock market to see how elections will turn out.
That’s because the stock market’s movements reflect the mood of investors/voters, he tells Yahoo.
“We think the stock market actually is a better predictor of who’s going to win the election than the election is of where the stock market is going,” Prechter says.
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Considering Prechter is right less than a stopped clock, things are looking up for Obama.
Yep. Why would Obama let himself take all the blame, when he can paint the new House of Representatives as being detrimental to the country’s health?
“The market was going up; then you elected libertarians to office. Now it’s going down.”