Mitt Romney Beats President Obama In First Debate, Reinvigorates Republicans:
By most accounts Mitt Romney beat President Barack Obama in last night’s debate. Stocks reacted sharply today as the Romney rally continued and investors seemed pleased that the possibility Mitt Romney could win the election has increased. President Obama’s debate performance by even liberal accounts was underwhelming. Romney looked more prepared, seemed more knowledgeable about the issues and kept Obama on his heels.
Republicans were upbeat today as video from the debate showed a disengaged President Obama backtracking on issues. Excerpts of the debate were spread online and via social media and the presidential election forecast gap that President Obama was enjoying seems to have narrowed a bit. Republicans are once again enthusiastic that Mitt Romney still has a chance to win the election and even Obama supporters had to acquiesce that Romney looked presidential which was half the battle.
There was no mention of the 47 percent, Bain Capital and taxes last night which benefited Romney. President Obama may use that technique in the next debate but it may backfire since it wasn’t mentioned in this first presidential debate or could make him look less presidential.
Stocks reacted positively and jumped out of the gate on what some are calling the newest leg of the Romney rally. In a CNN poll over 67% of viewers thought Romney won the debate while only 25% of viewers thought Obama won. President Obama lost some ground and it is very possible that stocks will continue to rise if they feel Mitt Romney may win and that there will be less chances of increased taxation as well as an improved environment for business. We are expecting the rally to continue in the short term and told our readers last week that the dip in stocks was a buying opportunity. Our social media website Abmuku.com predicted Mitt Romney would win this debate which he did handily.
