Stocks resumed their rally last week after Janet Yellen reassured investors that things are so bad she won't raise interest rates any time soon. The Dow Jones Industrial Average jumped 277 points, or 1.6%, to 17,792.75 while the S&P 500 added 37 points, or 1.8%, on this idiotic "bad news is good news" scenario.
- A Market Circus Made by Policy Clowns
- 2016 Election Campaign Contributions Total $250 Million So Far - Here's the Breakdown
- Profits Start on November 1 - Mark Your Calendar
- Romneynomics: What You Can Expect if Mitt Romney Wins the Election
As of Aug. 31, election campaign contributions for the 2016 presidential race total roughly $250 million.
That's the amount we gleaned from the most recent OpenSecrets.org data. The site categorized the amount raised by "campaign committees and outside groups" for each Democrat and Republican candidate. It includes Super PACs, PACs, 501(c) Groups, campaign committees, and more.
As much as it pains me to contribute to the thousands of articles mentioning Donald Trump, this one is different...
It's different because I'm going to show you exactly how you can cash in on a concrete pattern, going back three-quarters of a century, which appears across the markets during the "election cycle," or the last two years of every American presidency.
No matter what "The Donald" says or does, no matter who wins, this event has offered savvy investors clockwork profits, and it will do the same for us, too, so it's important to start getting ready now.
I'd like to look at Romneynomics - the policies that are likely headed down the pike if the underdog Mitt Romney wins in November.
As for the horserace, I think it is President Obama's to lose.
But last Friday's weak employment report indicates again that the economy could slow enough to push Romney ahead.
As with an Obama victory, I think the election will be a close one even if Romney emerges the winner. That means the Republicans will not have an overwhelming majority in Congress.
On the other hand, the Republicans might just get the four seats they need to win the Senate; if Romney wins I assume they will accomplish this. That would give them theoretical control of both the presidency and Congress, but with only small majorities.
The Top Priorities of RomneynomicsAs with an Obama win, the first order of business will be to sort out the "fiscal cliff" that comes along with expiration of the Bush tax cuts and the automatic expenditure cuts that will also occur at the end of the year.
With Romney set to inhabit the White House, I expect the solution to this to involve genuine spending cuts--perhaps along the lines of the budget presented by Rep. Paul Ryan (R.-WI).