As President's Bush's popularity plummets and the outlook for the Republicans controlling both houses of Congress and the presidency fades, it is important for investors to ask: "Should this matter to the stock market? Are prospects of a Democratic victory in November bad for stocks?
Certainly the recent behavior of the stock market says "No!" At the same time the woeful poll numbers were reported, stocks, measured by all the popular indices, hit 5-year highs.
For the stock market to ignore Bush's unpopularity seems strange. The vast majority of large stockholders and active traders are Republicans, and Republican rhetoric is generally very market-friendly. The market's movement in the last presidential election indicates it preferred a Republican victory.
http://finance.yahoo.com/columnist/article/futureinvest/3022
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Certainly the recent behavior of the stock market says "No!" At the same time the woeful poll numbers were reported, stocks, measured by all the popular indices, hit 5-year highs.
For the stock market to ignore Bush's unpopularity seems strange. The vast majority of large stockholders and active traders are Republicans, and Republican rhetoric is generally very market-friendly. The market's movement in the last presidential election indicates it preferred a Republican victory.
http://finance.yahoo.com/columnist/article/futureinvest/3022
Also check out:
