Mr. Sensitive

September 6, 2012

Look At The Chart, Todd Schoenberger

Filed under: Uncategorized — lbej @ 11:21

Yahoo! Finance introduced me to this winner this morning.  Here’s the quote:

Todd Schoenberger of the Black Bay Group thinks a Romney victory could soothe an economy paralyzed by fiscal uncertainty, helping corporate America get back on track.

 “If you have the GOP that takes over the White House you’re going to have companies that are going to feel a little more secure,” says Schoenberger.  Once a fiscal plan is in place, particularly if it’s pro-business, companies will put their cash-heavy balance sheets to work. “If that’s the case, that’s good for stocks.”

Interesting.  Never mind that profits for the S&P 500 companies are at record-high levels and ‘corporate America’ is the leanest and strongest it’s been in at least a decade–the train’s not exactly off the tracks there.  Never mind that the last time the GOP ‘took over the White House’ it engineered the greatest financial panic in a century.  Never mind that if you invested in stocks when Obama was elected you’d be up about 80% now.  Just look at the chart, Todd.

Now shut up.


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