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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (64790)	7/18/1999 11:32:00 AM
From: Knighty Tin	Respond to of 132070

THC, I think the Presidential cycle makes more sense than the Super Bowl indicator, as the govt. can overspend to heat up the market. But in this one, I think you have to check the data if I am reading it right. The Dow was down in 1984, 1960, 1948, 1940, 1932,and 1920. Admittedly, it has been hotter in the last 20 years, but we also had NFC teams win a bunch of super bowls during that period. <g>

To: ForYourEyesOnly who wrote (64790)	7/18/1999 12:52:00 PM
From: Mike M2	Respond to of 132070

THC, IMO the presidential cycle applies to a normal bull/bear cycle not manias. Since the public votes Dow Jones and not Paula Jones they have used much of their manuevering room keeping Bill's polls up -assuming politics does influence the Fed. In addition, the typical post war stock market cycle had Fed's who tightened when price inflation broke out but now -like the 20s the inflation is in the financial markets and the Fed choses to ignore the lessons of history. Mike