Dow, S&P 500 Post Worst Two-Day Decline Since 1987

[The Paperboy]

Of course this has nothing to do with Obama...

Story here

 

[xsited1]

That's not surprising. The markets have historically done much better when the Republicans control Congress. Not only have the Democrats increased their numbers in Congress, but the President is a Democrat. Expect dark economic days ahead.

 

[Clay Buster]

That's not surprising. The markets have historically done much better when the Republicans control Congress. Not only have the Democrats increased their numbers in Congress, but the President is a Democrat. Expect dark economic days ahead.

If you don't mind, would you share where you got this information because everything I have read and heard indicates the opposite.

The Big Picture | Market Gains by President/Congressional Party

Gains (%) for Stocks by Party of the President and Majority Party in Congress 03/04/1901–10/23/2006

Political Variable Stocks
Democratic President.....7.19%
Republican President......3.85%
Democratic Congress.....6.46%
Republican Congress......3.51%
Dem Pres, Dem Cong......6.53%
Dem Pres, Rep Cong.......9.60%
Rep Pres, Rep Cong........1.54%
Rep Pres, Dem Cong.......6.37%
All Periods Buy & Hold.....5.34%

In addition:

Stock markets historically do better under Dems than Reps. - Jan. 22, 2004

Looking at the 72-year period between 1927 and 1999, the study shows that a broad stock index, similar to the S&P 500, returned approximately 11 percent more a year on average under a Democratic president versus safer, three-month Treasurys. By comparison, the index only returned 2 percent more a year versus the T-bills when Republicans were in office...

On average, value-weighted portfolios returned 9 percent more under Democrats than Republicans during the 72 year period, while equal-weighted portfolios returned 16 percent more under Democrats.

 

[xsited1]

If you don't mind, would you share where you got this information because everything I have read and heard indicates the opposite.

The Big Picture | Market Gains by President/Congressional Party



In addition:

Stock markets historically do better under Dems than Reps. - Jan. 22, 2004

Nope. Here's the data:

Taking Stock of the Parties

Your second link talks about the President. Read my link. It'll become clearer.

 

[Shogun]

the cato institute?




nice.

 

[jschuck12001]

That's not surprising. The markets have historically done much better when the Republicans control Congress. Not only have the Democrats increased their numbers in Congress, but the President is a Democrat. Expect dark economic days ahead.

Right, like when Clinton was in office.

 

[ABikerSailor]

Of course this has nothing to do with Obama...

Story here

If it has nothing to do with Obama, yet many things to do with the elections, how the markets around the world are reacting and still shuddering, why in the hell did you mention his name?

Nope.........you're biased......turn in your journalism creds or go work for FAUX.

 

[Caligirl]

Of course this has nothing to do with Obama...

Story here

The funny thing is, if the repubs had won I would have *definitely* chalked this up to that.

 

[DavidS]

Of course this has nothing to do with Obama...

Story here

So why are you posting it in the Election 2008 forum and not the economic one?