Tuesday, February 05, 2013

 

Robert Prechter at the 2012 Social Mood Conference: The Elections Paper

Here is Robert Prechter explaining why Barack Obama got re-elected.  In a nutshell, rising stock prices reflected rising social mood.   Bull markets are good for incumbents.  This is something that politicians have known for awhile hence the election cycle.

One other interesting point that Prechter made at the end of his talk was the popularity of an incumbent who is blessed with a bull market doesn't work during the off year elections.  2014 will reflect what the stock market/social mood says it should.

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