Stocks point to Bush loss?

[RamboLiberal]

http://money.cnn.com/2004/06/23/markets/election_stocks_bush/index.htm?cnn=yes

Past performance is not a reliable indicator of future returns. That's good news for President Bush, because if past stock-market patterns hold true this year, he will lose his bid for re-election in November.

Presidential elections are usually won by the incumbent party; in the past 104 years, in 26 elections, the party holding the White House has lost it only 10 times.

But those incumbent losses have been heralded every time by poor stock-market performance, either in the four years leading up to the election or in the last year before the election, according to recent research by Ken Tower, chief market strategist at CyberTrader, a unit of Charles Schwab (SCH: Research, Estimates).

Tower's analysis found that, in six out of those 10 losses, the Dow Jones industrial average gained less than 20 percent in the four years leading up to election. In comparison, in the 16 elections won by the incumbent party, the Dow posted an average four-year gain of 49 percent.

[Realityhack]

1. Well thats kinda good...

but doesn't it just show that wall street controlls everything?

[struggle4progress]

2. Surprising like most of the other poof written about the stock market! eom

[Massacure]

3. check this out

http://www.djindexes.com/jsp/avgDecades.jsp?decade=2000

The Dow Jones was at about 10800 in January 2001. That means it will have to hit 12960 for bush to get reelected.

I don't think that is going to happen.

[swinney]

4. Dow in total.. How does it stand to 1-01

Dow Jones Average is 30 stocks.

What is gain for all DOW stocks?anyone know?

Nasdaq is down 60% from it's high under Clinton.

[NeoConsSuck]

5. Don't cheer yet...

It has been my feeling since last October that the market manipulators are going to wait until after Labor Day, and then surprise us with a bull market that pads Mr and Mrs American worker's 401k.

Who would the manipulators be? Well, the two biggest campaign contributors to the chimp are Fidelity and Charles Schwab. And lets not forget Greenspan and the other repukes at the Fed.

[NewYorkerfromMass]

6. Mr and Mrs American worker will not see that benefit soon enough

to make a difference if it waits until October.
The truth of this is that economic pain at both ends of the spectrum will help defeat Bushler.