S&P 500 vs Obama’s disapproval: a real correlation?
First, some background information. In late August, Jim Cramer of Mad Money ran a segment which showed a relationship between the S&P 500 and Obama’s disapproval rating. It first caught my attention at Hot Air, where moderator Ed Morrissey blogged: Sharp investors always look for leading indicators to market shifts, and Jim Cramer thinks he’s found a doozy. After watching this segment, it’s hard to | Read More »
Gallup mutters about relationship between Dow, approval ratings.
Clearly in reference to Jim Cramer’s I’ve-been-saving-this-for-months revenge clip* of a few days ago, the Gallup organization would like you to know that there’s no historical relationship between a President’s approval rating and the Dow Jones Industrial Average. None at all. Absolutely zero. Mind you, that wasn’t the argument that got made – Cramer was arguing that this specific President’s disapproval ratings (via Gallup!) were | Read More »