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Technology Stocks : All About Sun Microsystems
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To: JDN who wrote (62003)9/25/2004 2:39:01 PM
From: Mephisto  Read Replies (2) of 64865
 
I don't use Sun's products, and I haven't followed the
company in a very long time so I don't have an opinion
on what will happen to the stock price.

I agree with you that the stock marets will be unsettled
over the coming weeks. With respect to your belief
that the stock markets will prosper under Bush I
have historical information that points to the
contrary.
>>>>>>>>>>>>>>>>>>>

"Then there is the presidential election cycle.
Much Wall Street commentary
assumes that the stock market
will do better if President Bush gets a
second term and worse if he is
defeated, in part because of concerns
that Senator John Kerry might roll
back some tax cuts that have been
particularly beneficial to investors.

But history shows that since 1945,
the stock market has risen
in the first year of six of seven
Democratic terms and fallen in the
first year of six of the eight
Republican ones. On average, Democrats
produce gains of 14.3 percent
in the S.& P. 500 while Republicans
show losses of 2.4 percent.
In no other year of presidential terms
is there such a difference between the parties. "

Article: As Bull Market Nears a Birthday,
Few Seem Ready to Celebrate
The New York Times
September 24, 2004
By FLOYD NORRIS
Message 20563668
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