Bloomberg points out the wildly unscientific proposition that by the time Obama get to the White House in January, the market, having already fallen a lot, may be ready to rally. This could set up a bull market that he can claim as his own.
``The markets will turn before we know the economic recovery is going on,'' said Robert Weissenstein, who oversees $125 billion as chief investment officer for the Americas at Credit Suisse Group AG's private banking unit in New York. ``The new president won't get tagged for the problems that exist. If things get better, they were there. That's politics. The general public will give credit to the new guy.''
``The markets will turn before we know the economic recovery is going on,'' said Robert Weissenstein, who oversees $125 billion as chief investment officer for the Americas at Credit Suisse Group AG's private banking unit in New York. ``The new president won't get tagged for the problems that exist. If things get better, they were there. That's politics. The general public will give credit to the new guy.''
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