Stocks Return More With Democrat in White House: BGOV Barometer

[Douger]

So what you're saying is the Democrats are the party of Wall Street?

Who?s who in the Obama cabinet

 

[Lakhota]

 

[Dont Taz Me Bro]

I think it all comes down to the republican habit of often using scare tactics.

Both parties use scare tactics.

 

[Dr.House]

By Bob Drummond

While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars- and-cents standpoint, it’s not even close.

The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.

That’s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations. A $1,000 stake invested in a fund that followed the S&P 500 under Republican presidents, starting with Richard Nixon, would have grown to $2,087 on the day George W. Bush left office.

“The market does tend to do better under Democrats than under Republicans,” Sam Stovall, chief investment strategist at S&P Equity Research in New York, said in a telephone interview. “Is it because Republicans mishandled the economy, or inherited a weak economy? I’ll leave that to others.”

More: Stocks Return More With Democrat in White House: BGOV Barometer - Bloomberg

So you're happy when the "rich are getting richer"?

That the fat cat Wall Street corporations are making more profits?

You're going to have to turn in your OWS Whiner Card if you keep this up...

 

[occupied]

I think it all comes down to the republican habit of often using scare tactics.

Both parties use scare tactics.

Maybe, but republicans fall for them with such amazing obedience.

 

[California Girl]

I think it all comes down to the republican habit of often using scare tactics.

Both parties use scare tactics.

Maybe, but republicans fall for them with such amazing obedience.

 

[TakeAStepBack]

Correlation does not imply causation.

 

[Warrior102]

The Democrats now control the NYSE?

 

[g5000]

Bloomberg is a decidedly Wall Street friendly publication. As a conservative, I do not casually dismiss its reportage with the markedly childish reactions I have seen here.

Correlation does not imply causation.

This is a point well taken. It is not exactly an open secret that Wall Street traders are a very superstitious lot. They rely far too heavily on charts that are very similar to the kind of droll you see thrown up on screen during sporting events. "The last time a President wore green socks, the stock market gained 10 points!" Shit like that. And they love to talk about "head and shoulders" in their charts. It is amazing how scientific they make their voodoo sound. They have their lucky underwear and magic amulets like professional ballplayers do.

Wall Street acts very much like a herd of cattle that spooks easily. Every traders thinks they are smarter than the average schmoe, but they really are all a bunch of followers burning sacrifices, examing the entrails, and listening for the voice of God to emanate from their Bloomberg terminals telling them which way to stampede today.

They are also mostly Republican and Mitt Romney is the favorite on Wall Street.

 

[Toro]

It's true, at least for a Dem President. But that doesn't mean it is causal or even a good thing.

FTR stocks have performed best with a Dem President and a GOP Congress.

 

[Quantum Windbag]

I think it all comes down to the republican habit of often using scare tactics.

Both parties use scare tactics.

Maybe, but republicans fall for them with such amazing obedience.

Not half as often as you do.