The stock market says: Bush is Toast

[ochazuke]

http://www.salon.com/tech/feature/2004/09/29/market_kerry_one/index.html

snip:

Over the last half-century, Hirsch has found that if the market is down by the end of April, then the odds are 5 in 6 that the incumbent will lose.

[NEOBuckeye]

1. Even that doesn't seem to be crippling Bush as badly as it should.

[cheshire]

2. You must realize he is in denial as well as his minions.

[yardwork]

4. The polls are fake

shrub is crippled toast.

[pacalo]

10. For sure. Any doubters should visit John Kerry's site to see all the

pictures of his campaign rallies. The huge crowds tell me this country is hungry for new leadership.

[David Dunham]

3. I hope that the Kerry surge begins soon.

[NJCher]

5. I heard another Wall Street/political analyst say something similar

This person said if the market was sliding at the time of the elections, bush would not be elected. He had done an analysis and said whenever the market was sliding, the incumbent was not reelected.


Cher

[ochazuke]

7. That's in the article too.

Another snip:

So how important is this October indicator? Hirsch considers it a perfect indicator, so long as the results for October are not middling. If the market is up 3.3 percent or more in the month of October, the incumbent has never lost. If the market is down by half a percent or more, the incumbent has never won.

[Carla in Ca]

6. It was ready to hit 11,000 when Pres. Clinton left office

n/t

[Roland99]

8. Closed below 10k yesterday with a slight rise above it today.

[Carla in Ca]

9. A thousand points...a thousand lies

" I will restore dignity to the Oval Office". Yeah, right.

[Senior citizen]

11. I happened to see a graph of the stock market on TV.

I don't know a thing about the stock market, but that graph sure looked a lot like the graph of the federal deficit to me.

[Andromeda]

12. I hope so.

If he gets four more years my retirement portfolio will be toast.:argh: