The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Good news for President Obama. Stocks have surged during his term in the White House. Historically, that should mean he will win re-election. Bad news for President Obama. The market has tumbled in the past month. And that could doom his chances for four more years at 1600 Pennsylvania Avenue.
It’s hard to know if voters will choose to focus more on the 70%+ pop in the S&P 500 (SPX) since Inauguration Day 2009 or pull a Janet (Ms. Jackson if you’re nasty) and ask “What Have You Done for Me Lately?” But a team of researchers do think that the stock market is a far better predictor of election outcomes than…
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