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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: KymarFye who wrote (59321)9/25/2000 11:39:11 AM
From: flatsville  Read Replies (1) of 99985
 
Kymar--

>>>The role of the election should also be considered. If the market crashes instead of rallying into the election that might normally help the challenger, except that Bush has based so much of his program on economic optimism. His tax program presumes a massive surplus--it's like selling puts on the American economy at a point when it's at historic highs. His Social Security program is likewise tied to optimism about the stock market. And the public still looks to Democrats for protection when the economy stumbles. So it appears the Republicans can't win for losing: Resumption of the upswing seems to favor the party in power. A downturn and uncertainty would seem to favor the populist/government activist.<<<

Excellent analysis.

There's also the matter of where that 1 trillion dollars will come from under the Bush plan to keep SS solvent should his plan be implemented and then works perfectly. <ggg>

My understanding is that the Bush proposal so alarmed those intimately familiar with the system that a former Social Security commissioner along with an economist and another concerned expert penned an open letter to Bush asking that he explain this in much greater detail.

I cannot now find the news link to the article. If you have it please post.
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