Friday, September 7, 2012

Another Milepost On The Road To Oblivion

Top stories at Bloomberg News yesterday:

S&P 500 Reaches 4-Year High, Treasuries Fall on Bond Plan

U.S. benchmark stock indexes jumped to the highest levels in more than four years and Treasuries fell as the European Central Bank announced a bond-buying plan and reports fueled optimism in the U.S. economy. Spanish and Italian debt surged. 

and

Bloomberg Poll: Second Obama Term Bad For U.S. Markets

By a margin of 46 percent to 39 percent, investors say Obama’s re-election would be bad for U.S. financial markets, according to a quarterly Bloomberg Global Poll conducted on Sept. 4. That represents a sharp reversal of opinion from May, when investors backed Obama 48 percent to 36 percent. 

That's pretty much all I've got.  Markets up 65% in the last four years, but Obama's re-election will tank the markets. Sure, why not.  Lots of empirical evidence there supporting DOOOOOOOM.

Idiots.

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