The markets also benefit from STABILITY in our gov't, and suffer from INSTABILITY. Any whiff that GW, if elected, is out of control, the markets will suffer. Perception follows reality...
Here is an interesting quote...
"In some elections you could imagine a pro-business candidate and an antibusiness candidate that would cause anxiety for Wall Street. But in this one, they're both pretty pro-business, both willing to reduce regulations, and they're both pro free-trade." -- Richard Schmalensee, dean, MIT Slaon School of Management (Quote appeared in Associated Press)
So the belief that the GOP is good for the markets and the Dems are bad for it is simply the folly of rightie jingoistic BS slingers who refuse to believe their lyin' eyes of the stock market's success over the past 8 years.
Aside from divisive issues like gun control, abortion rights, etc. (I suspect pro-NRA positions is what fuels most of the loony right wing posters on this thread), the next President's primary way they will affect the market is whether they will retain stability in foreign and domestic affairs. I think (again squelching out ideologes on either side) Gore wins on this point no matter how you slice it...from terms of actual experience, to even thinking of it as "the devil you know is better than the devil you don't know." Bottom line: you want to vote your portfolio, vote Gore, as I am. |
