Tea Partying for Fun and Profit
Posted on Jul 6, 2010
If you thought tea party politics were just for rabid wingnuts and certain Twitter-prone politicians, think again or else you may miss out on some hot stock market action before the November elections. Here, TheStreet has done some research to set shrewd investors on track to capitalize on the craziness, starting with—you guessed it—oil. —KA
TheStreet on CNBC:
“Tea parties” have played a role in knocking out some incumbents in primary elections around the country and if the current trend continues, they’ll have an impact on policy in November. Investors should start to think of how this might affect their portfolio, especially with markets currently offering discounts on shares.
Drill, Baby, Drill. The popularized slogan came about in the 2008 election and the BP [BP 31.281 1.931 (+6.58%)] disaster has not deterred supporters of greater oil exploration production and drilling in the United States. Supporters aren’t just looking to drill for energy, though; they’ll also be happy to go nuclear.
Fear and loathing in St. Paul: A Minnesota protester puts his thoughts on poster board for a tea party tax day protest last April.