Nov. 6, 2012 11:05

Another predictor that likely won't mean much: Typically, when the Dow Jones closes higher on Election Day than it was on Labor Day, the incumbent is re-elected.

his just in from HuffPo Business:

According to a quirky old stock-market indicator, Barack Obama is going to win re-election tonight.

Based on ancient market lore, almost every time the Dow Jones Industrial Average has closed higher on Election Day than it was on Labor Day, the incumbent has been re-elected, according to Art Cashin, UBS's director of floor operations at the New York Stock Exchange.

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