Everything that can be done to prop up Obama via the economy will be done. As Rocky's favorite book and many others indicate his reelection depends on the growth rate in the next two quarters more than on anything else that's tangible. If it's starting to look like he is about to be reelected, the tone of the market will change in a quarter or so, partially due to the fact that there will be massive selling towards the end of the year as recent capital gains will become long term and will have to be taken before the next year tax increases, and of course the general obvious long-term effects of Obama on the economy. Nevertheless for the next two months it should be pretty good sailing considering the somewhat choppy and overextended market.


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