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Kenneth Fisher: The November Surprise

October 06, 2006 | About:

Nowadays the stock market has lots of political fear priced into it. Shrug off the fear and buy. You'll find stocks a little cheaper than they should be. The fear is of a Democratic congressional sweep. The Dems' taking both houses (gaining 6 Senate seats and 15 in the House) could destabilize markets. And markets do really hate political change. It's not that Republicans are good for stocks and Democrats bad. After all, didn't stocks do well in the 1960s and 1990s, when Democrats had the White House, Congress or both? And haven't stocks disappointed during the current all-Republican era? What worries investors is simply any change in control--always.

Buy:

Charles River Laboratories (40, CRL)

Headwaters (nyse: HW - news - people ) (22, HW)

France's Compagnie Générale de Géophysique (34, GGY)

Canada's Enbridge (32, ENB)

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