If we happen to be left half alive
I'll get all my papers and smile at the sky
For I know that the hypnotized never lie
--The Who
In early June we noted the correlation between the SPX and the Intrade Obama contract. Here is an update:
After yesterday's FOMC announcement, the Obama contract ripped nearly 6 pts (almost 10% higher).
If you do not see what is going on here, then your eyes are wide shut.
position in SPX
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
2 comments:
Interestingly, earlier in the year many analysts thought QE3 would be unleashed at August FOMC meeting so as to not look 'politically motivated.'
Maybe the committee was concerned that August stimulus would not carry markets until November.
Will effects of September stimulus carry incumbents?
Romney also recently indicated that, if elected, he would fire Bernanke.
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