Sorry, but I don't believe this or any other administration can make the market behave the way they want elections or not. I can find numerous examples where the markets did just the opposite of what the administration wanted, most recently at the end of the Bush administration. And I doubt the state of the market has all that much effect on the electorate. Fear and greed, nothing more.

If you read the article you will see that market prognosticators credit the recent run-up to good economic reports from Europe and China. I don’t think Obama can influence them that much. Fear and greed.

What will it do tomorrow? Who knows? If there is good news it will go up. If bad news it will go down. If I could get a copy of the Wall street Journal for next Friday I would be a rich man.