I say the markets have been on a run in anticipation of a change in leadership.
My prediction. If the current head of government gets in, the markets will tank within a month.
Who is president, really doesn't matter. It is what the Congress is going to do with the fiscal cliff is what matters.
Sentiment: Strong Buy
The fiscal cliff is good!! It has cuts across the board and tax increases. It's the best deal we're going to get for the deficit reduction.
Yeah, the "Markets are up X% since Obama took office" is somewhat misleading.
Big gains in that stat would've been inevitable for anyone assuming office on Jan 20, 2009, right at the apex of the financial system meltdown.
If the economy had collapsed the market would have plunged. The reason it didn't collapse is because of the steps Obama took.
Wrong as usual . Most of the gains happened before this year.