Monday, February 13, 2012

Obama's Reelection Chances Rise As Stocks Gain And Economy Improves

From "Obama Futures Rallying in Correlation With S&P 500 Best Start in 21 Years" by Whitney Kisling:
The Standard & Poor’s 500 Index’s biggest rally to start a year since 1991 is coinciding with a 15 percent increase in President Barack Obama’s re-election odds, showing growing investor confidence in the U.S. economy.
Prospects for an improving American economy have added almost $3 trillion to equity prices since October and helped spur a 14-percentage-point swing in the odds of re-election.
Obama is favored on Intrade to win reelection with odds of 1.5 to 1. Obama has a 59.4 percent chance of winning reelection to Romney's 39.2 percent chance.

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