"There has been a lot of discussion in the media suggesting that voters will “vote their portfolios” in the November presidential election. The election is on the lips of a bevy of analysts interviewed on the business cable TV and radio channels. Accordingly, I have assembled some key data to see if there actually may be a portfolio-favoring candidate or political party. The table below seems to suggest that if history dating back to the 1960’s is considered, contrary to the TV experts, there doesn’t seem to be one political party that is particularly better for stocks. Since 1960 there were 5 democratic presidential terms, three that were “good” for stocks and two terms that were “bad” for stocks. In the same time frame there were 6 republican presidential terms, 2 that were good for stocks, and 4 that were bad for stocks.
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It appears that unless we get a rally into the New Year, the current presidential term has been the worst for the stock market since before 1961."
Is There a Political Party That is "Good" for Stocks?
Francisco Monjardino
60
27-08-2004 06:28
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