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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: JeffA who wrote (81774)	11/9/2006 2:41:35 PM
From: Orcastraiter	Respond to of 173976

The market is not directly tied to any single event, save for one like 9-11. But the fact that the market continued up in the face of the democratic wave indicates that the market approves of that in the context of other market forces. I don't credit or blame the democrats or Bush with market movements per se and to do so in a vacuum would never make sense. Even though Bush has hurt the dollar with his deficits, it may help some of the indexed companies since they do a lot of international business. A lower dollar lowers the cost of labor and can have other import export benefits for many companies. The falling dollar does hurt the everyday working Joes though.