The media judge the second presidential debate a draw. The Arch Coal indicator suggested it was bad news for Obama. Yesterday it rose over 4%. About a week ago, I saw Arch Coal as a predictor of the presidential election. To see why, see the link in the second sentence.
The coal industry has been severely hurt by Obama. Sound companies have been driven into bankruptcy by his promise to put them out of business. If Obama is defeated, rational market policies will enable the surviving coal companies to return to normal profitability.
I chose Arch Coal as a trading vehicle to bet on a Romney victory. Thus far it has been a profitable trade. For obvious selfish reasons, I hope that continues. It is my own version of the “invisible hand.” My selfish interests, that Arch Coal does well, is consistent with the well-being of the country. Go Arch.