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Technology Stocks : SDL, Inc. [Nasdaq: SDLI]
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To: BDR who wrote (1275)5/4/2000 3:52:00 AM
From: pat mudge   of 3951
 
That's amazing. Thanks for digging it out.

The third year of the presidential term is typically a year of strong gains following the bear market of the previous year, and the fourth year (the presidential election year) continues to show gains, with few market corrections and no bear markets occurring in the election year. Since most of these cyclical bull and bear markets appear to have been caused by changes in short-term interest rates, we infer that the incumbent administration found a way, in each cycle, to prevent rising interest rates and tight money in the two years leading up to each election, thereby reducing the likelihood that the pain of a recession would incur voter displeasure during the election year.


Perhaps we should send the URL to AG. <g>

Pat
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