Topic: How To Invest

What is Pat's commentary for the week of September 5, 2012?

Article Excerpt

Some economists and advisors say they are puzzled as to why the U.S. stock market has kept on rising since mid-year. After all, negative predictions abound. Pessimists say the world is headed for a decade of slow growth, the eurozone is headed for a breakup, the U.S. and other nations are close to losing control of their growing national debts, and so on. These, however, are all just predictions, and predictions often flop. But investors do recognize that President Obama has done things that scare off business and stock market investors. If Obama loses in November, investor and business confidence could spring back quickly. For instance, early in the new president’s term, he tried to institute a policy called Card Check that would eliminate the legal requirement of a secret ballot in new union-certification votes. Instead of voting in a secret ballot to accept or reject union representation, workers would simply sign (or refuse to sign) a card in favour of accepting…