Obama's re-election chances are polling along with stock market

What is really interesting is that Obama's polls seem to follow the stock market
begin second quote from same source:

Pretty much since the day he was elected president of the United States in November 2008, Barack Obama has been the favorite on prediction markets like Intrade and Betfair to win re-election for a second term, as most incumbents do. That changed in September and October, when the budget stalemate and grim economic news turned Obama, for the first time, into an underdog.
But after bottoming out on October 8, when the prediction markets gave him a 48 percent chance of winning re-election, Obama has slowly and steadily climbed back to his August levels. His current odds, computed as an average of Intrade and Betfair, give him a 51.4 percent chance to win.
Obama's poll results and approval ratings are ticking up now, too. While it's tempting to credit scandals (exhibit C and G) or infighting among Obama's potential Republican rivals, or Republican stubbornness in the ongoing deficit reduction debate, the simplest explanation harkens back to the signature phrase of Bill Clinton's first presidential campaign, "It's the economy, stupid." end quote from:

 http://news.yahoo.com/blogs/signal/why-obama-underdog-october-favorite-once-more-190454967.html

So, if I'm reading this theory right, if the stock market is doing well around the Presidential election then Obama wins the next presidential election but if the market is in a slump and there is an alternative to Obama available that is acceptable to the voting public, he loses. It sounds pretty simple but often life is that simple. Amazing!