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Politics : Clinton's Scandals: Is this corruption the worst ever?
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To: cody andre who wrote (3941)9/5/1998 2:06:00 AM
From: dfloydr  Read Replies (1) of 13994
 
Presidents mean very little to markets ... unless they do something stoopid. Over the years people have expected markets to go up or down based on a given candidate's victory ... and usually the market has gone some where else instead. Clinton likes to claim credit for the recent bull market. He might as well claim credit for some hurricane.

This long bull run has had more to do with the change in direction in our economy engineered by Reagan than anything before or since. In the years before Reagan, stock investors faced a very uncertain future for their commitment to equities. Back then people preferred real estate or hard assets. Once Reagan changed the prospects for an investment in corporate America the bulls began to run. All we can say for Clinton is that he has not done anything to stop the fun: he inherited Greenspan and has left him alone, and he brought in Rubin who is one amongst Clinton's appointments who seems to have his head screwed on right.

Floyd Russell
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