I'm not trying to get political here, but it might seem that way. The key to a good market next year is having a congress and a President of different political parties so they can avoid taking us down the right garden path or the left. Now, that said, things are shaping up well. It is beginning to look like we'll have a republican congress and a democratic president. This means no giant giveaways or great reforms, and no gigantic tax breaks that could raise interest rates.
So the changing of the guard is a non-issue in and of itself. If there is a changing of the guard and we keep a republican congress, we are in deep shit. If Gore carries the election by such a large margin that his coattails bring in a democratic majority to either the house or the senate (very unlikely), we are in deep shit.
No doubt this offends both the liberals and the conservatives, but "Gee, that's too bad." Don't flame me on this because I won't respond. The only issue here is the important one that dealie brought up -- that being -- what will be the impact of the election on the market? (I'm paraphrasing and interpreting a bit here, but its my keyboard and that's my Microsoft-given right.)
On a separate note, dealie interested in gold? Sounds like an interesting discussion. If I lived in Europe, gold would be appealing. Dollars would look even better. Here in the US, I dunno. I like the topic though. Oil, exchange rates, gold, interest rates and paranoia. There is something going on here. So would I rather own gold, or the stock of a company leading the way to the future. HMMMM. I smell a US rate decline. I hope so, 'cause a European rate increase would really suck.
Dealie, your posts are very good as always. Thanks for the brain fodder.
INTCfan |
