CNBC: Stocks Rise on 'Growing Expectations' of Obama Reelection

February 29th, 2012 2:15 PM
On CNBC's Behind the Money blog on Wednesday, Fast Money executive producer John Melloy promoted a left-leaning theory as to why the stock market has been on the rise lately: "While President Obama may not be Wall Street's ideal candidate, stock prices are rising on growing expectations he will be re-elected this November." Melloy pointed to long-term political certainty as a reason for…