Barack Obama, President Obama — March 30, 2012 at 6:43 pm

Wall Street has its best 1st quarter since 1998


Lookin’ good, lookin’ good…

This bodes well for the Obama re-election campaign. The Republicans are counting on a tanking economy and for corporate interests to come running to their rescue. And then comes this: Wall Street had its best first quarter since … wait for it … 1998!

Despite falling six out of the last nine sessions, the S&P 500 gained 12 percent in the first quarter, its best start of the year since 1998 and the best overall quarter since the third quarter of 2009. The broad-market average sits just off four-year highs.

Hard to imagine an outpouring of corporate money flowing to the GOP when Wall Street is doing so well. I guess the Republicans will just have to continue cheering for higher gas prices. Because, seriously? That is exactly what they are doing.

Now, if we could just get this sort of improvement for the 99%…

[Image credit: Anne C. Savage | Politics in Pictures, used with permission]