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Politics : Al Gore vs George Bush: the moderate's perspective
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To: Hawkmoon who wrote (1478)10/7/2000 3:14:37 PM
From: fuzzymath  Read Replies (2) of 10042
 
For those of you who care about the growth of your retirement nest egg (and who doesn't?), there's a very interesting correlation between the performance of the stock market and the make-up of Congress over the past 8 years:

11/92 - 11/94 (Democrat majority in House): NYSE gains 11%, interest rates (30-year Treasury bond) rise 0.41%

11/94 - 11/96 (biggest Republican majority in House): NYSE gains 47%, interest rates decline 1.46%

11/96 - 11/98 (smaller Republican majority in House): NYSE gains 46%, interest rates decline 1.31%

11/98 - Present (tiny Republican majority in House): NYSE gains 19%, interest rates rise 0.55%

Can the pattern be any clearer? During the Gore-Clinton years the markets thrived when the Republican-controlled legislature made institution of a liberal Democratic agenda impossible. The smaller the Republican majority in Congress, the lower the return our investments saw.

To think that electing Gore president will continue what we've had for the past 8 years is a big mistake. If Gore is elected, Democrats will probably also take over the House. If these both happen -- well, I guess we'll find ourselves back in a 1992-94 situation with rising interest rates and paltry 5% annual stock market gains. Is that what we really want?

Electing Gore and a Democratic-controlled Congress is the riskiest thing we could do, in terms of the stock market and interest rates. The evidence from the past 8 years is very clear!

Kevin/fuzzymath
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