While some observers believe the market's recent rise (notwithstanding Thursday's selloff) signals an impending loss for President Obama, history actually overwhelmingly shows the opposite.

There are about 100 days left before November's presidential election and already some investors are betting on a Mitt Romney victory, pointing to an improving market despite worse-than-expected earnings and broader economic concerns that they say is a sign of optimism that the current administration's seemingly anti-Wall Street policies will soon be replaced.

Morgan Stanley's (NYSE:MS) chief U.S. equity strategist, Adam Parker, has attributed the bullish market to bets that Romney will pull off the win in November and bring with him a more business-friendly administration.  

However, a quick look at the history books shows a rising market ahead of a presidential election actually signals the victory of the incumbent.