Wall Street Hopes for Romney, but Expects Obama to Win

Full article here: CNBC


Wall Street appears to be planning for a victory by President Obama but hoping for one by Mitt Romney.
Barack Obama and Mitt Romney
Getty Images
Barack Obama and Mitt Romney

In an unscientific poll, 46 percent of respondents to the September CNBC Fed Survey said they expect President Obama to win reelection.
Only 24 percent believe Republican Presidential Nominee Mitt Romney will get the job. But asked who they preferred, 53 percent of respondents picked Romney and just 18 percent chose Obama. For both categories, a third said they didn't know or were unsure.
"Like Europe, when it comes to our biggest needs we have tended to kick the can down the road," said Robert Brusque of Fact and Opinion Economics, who favors Romney. "We need someone to kick us in the can to get us going in the right direction on a different road."
The survey is used primarily to gauge both sentiment for future actions by theFederal Reserve and the outlook for economy and markets. It had 58 respondents, including top money managers, strategists and economists.

No comments: