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03:59 PM
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As Obama's Approval Ratings Dive… Stocks Rally!
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History shows that when the approval rating for a US president dips below the magical 50 percent mark, it is also typically the time to buy.
Let the Obama rally begin!
Of course, the rally began back in March when the president’s poll numbers had virtually nowhere to go but down. Now, with a summer of discontent over health care reform and the state of the economy, President Barack Obama‘ s approval ratings are plunging fast — in the low 50s in most polls — and stock prices are surging.
This comes as no surprise to market historians who know that poor presidential approval ratings make for strong stock- market profits.
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