Jean, I'd also mention that under a Bush Presidency, we could expect to see more tax cuts and less money paid back to cut down the national debt. That will lead, inevitably, to the Federal Reserve keeping interest rates higher than they would under a Gore Presidency, which will in turn have the effect of strengthening the bond market, which will draw money out of the stock market, which will drop valuations, and hurt IDX.
That last is for Brad, who is only able to evaluate any political or social issue in terms of how it affects Identix's stock price. The problem with my analysis, of course, is that Brad is mostly just interested in his options, despite any core holding he may have, so the short run always seems to trump the long run for him. However, since I am a long term player, as are many others, I expect a Bush Presidency to be worse for my Identix holdings than a Gore Presidency.
I also note here for the record how well the stock markets -- if not IDX -- have done in the past eight years under Clinton, how engaged Clinton was personally in economic issues, and how completely disengaged from major issues Bush already has shown himself to be. |
