Obama presidency great for stocks. Will it help him?
From: Reuters
[div class="excerpt" style="border-left: 1px solid #bfbfbf; border-top: 1px solid #bfbfbf; border-right: 1px solid #bfbfbf; border-radius: 0.3077em 0.3077em 0em 0em; box-shadow: 2px 2px 6px #bfbfbf;"]Analysis: Obama presidency great for stocks. Will it help him?[div class="excerpt" style="border-left: 1px solid #bfbfbf; border-bottom: 1px solid #bfbfbf; border-right: 1px solid #bfbfbf; border-radius: 0em 0em 0.3077em 0.3077em; background-color: #f4f4f4; box-shadow: 2px 2px 6px #bfbfbf;"](Reuters) - Barack Obama often gets slammed for his stewardship of the U.S. economy, but for stock investors, he's been one of the best presidents since World War Two.
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A 2012 study by the Socionomics Institute in Atlanta found that the performance of the Dow Jones Industrial Average in the three years preceding election day was a better predictor of results than overall growth, unemployment or inflation.
A gain of 20 percent or more in the Dow all but assured victory for an incumbent, while a fall of 10 percent or more meant the president should start brushing up on his golf game.
That ought to be good news for Obama: the Dow is up 35 percent since November 1, 2009. Ronald Reagan and Bill Clinton presided over respective gains of 25 percent and 35 percent. Both coasted to reelection.
Read More: http://www.reuters.com/article/2012/08/10/us-usa-campaign-obama-stocks-idUSBRE8790VX20120810