And Now a Word from the Lagging Indicators

Posted by

The Lagging Indicators, aka America’s underemployed and less than-impressed taxpayers, have answered a new poll conducted by CNNMoney.  And by the looks of it, Obama’s ‘Recovery Summer’ is slowly becoming the next ‘Mission Accomplished’, flight suit sold separately.

Ironically, I’m too busy trading stocks in a bull market to add much in the way of commentary, below are the high lowlights:

Seventy-four percent of Americans believe the economy is still in a recession.

Only 25 percent think the downturn is over.

One-third of Americans say the recession is serious, while another 29 percent characterize it as moderate.

But wait, one smidge of sunshine…

One small cause for optimism: the percentage of Americans who say the country is in a recession has dropped 13 points since August.

So all this fatalism about the state of the economy is a guaranteed death sentence for Obama and the Dems, right?  Not so fast says my buddy Joe Weisenthal.  Dems are climbing in the polls in some of the most followed races headed into the mid-terms…

If you’re betting on “gridlock” being good for the market, you may want to get nervous.

In California, Democrats Barbara Boxer and Jerry Brown are pulling away from Carly Fiorinia and Meg Whitman in races for Senate and Governor respectively.

In Ohio, Democrats are narrowing the gap in both the Governor and Senate races (though the Senate race still seems like a clear GOP pickup).

In Kentucky, Rand Paul is now neck and neck with his Democratic challenger, after the same poll once showed up him by 15.

It seems that the Lagging Indicators may still want the stimulus programs the Dems are in favor of – how else to explain a populace that says Obama’s programs haven’t ended the recession but would vote for the candidates that are promising more of them?

Strange days, indeed.

Source:

Recession Not Over, Public Says (CNNMoney)

Don’t Look Now But Polls Are Getting Better For Democrats (Clusterstock)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. w88 commented on Sep 20

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2010/09/27/and-now-a-word-from-the-lagging-indicators/ […]

  2. pinewswire commented on Sep 23

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2010/09/27/and-now-a-word-from-the-lagging-indicators/ […]

  3. Bitcoin Era Review 2020 commented on Oct 01

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2010/09/27/and-now-a-word-from-the-lagging-indicators/ […]

  4. https://bitcoinevolutiononline.com commented on Oct 03

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2010/09/27/and-now-a-word-from-the-lagging-indicators/ […]

  5. hotels in chicago commented on Nov 22

    … [Trackback]

    […] There you will find 60330 additional Info to that Topic: thereformedbroker.com/2010/09/27/and-now-a-word-from-the-lagging-indicators/ […]

  6. regression testing commented on Nov 28

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2010/09/27/and-now-a-word-from-the-lagging-indicators/ […]

HowIInvestMyMoney