As the market tanked at the beginning of Obama's Presidency, his odds of winning the 2012 election steadily ticked lower. But now that the market has surged in recent weeks, his odds to win have spiked to their highest levels since January. Currently, traders on Intrade are putting the odds at 65%. We saw a similar trend with the market and former President Bush's approval ratings towards the end of his second term. If the economy and stock market make a nice comeback over the next few years, it should be easy for Obama to win a second term. It's a pretty simple formula.