History Says a Roaring Stock Market Makes Obama Win Likely
If the stock market continues its surprising rally, Mitt Romney may be nothing more than a rich investor after the November elections, while President Obama gets started on a second term.
That's the implication of an updated study on the effect of the stock market on presidential elections, which found a strong correlation between positive stock-market returns and the re-election of the incumbent when a sitting president is running for a second term. "Large stock market advances during the final three years of incumbent candidates' terms tend to be strongly associated with subsequent landslide victories," says the report from the Socionomics Institute, a research firm in Gainesville, Ga.
It's hardly a revelation to suggest that a rising stock market boosts the re-election odds of an incumbent president. But the Socionomics research goes a step further by comparing the stock market to other factors such as unemployment, economic growth, and inflation—which, it found, have surprisingly little influence on presidential re-election bids. "The importance of these other variables remains relatively weak or insignificant when examined in combination with the stock market," according to the study....
comments powered by Disqus
- Could another English king be buried under a parking lot?
- Huckabee says archaeology supports the Bible
- George W. Bush's CIA Briefer: Bush and Cheney Falsely Presented WMD Intelligence to Public
- Unfinished film about the Holocaust made in 1945 to finally be seen by audiences
- Two-Thirds of European Men Descend From Three People
- Daniel Pipes calls the rulers of Iran "madmen" on official Iranian TV
- A Professor Tries to Beat Back a News Spoof That Won’t Go Away
- NYT History Book Reviews: Who Got Noticed this Week?
- Sean Wilentz is being called “Hillary’s Historian"
- Hundreds of British historians challenge assumptions of “Historians for Britain” campaign