Reason #6,098 to Vote Democratic
We’re good for the stock market.
How soon they forget.
Wall Street may seem more often aligned with the Republican party but according to several studies, it’s the Democratic party that’s been the best for investors. Since 1929, the stock market has seen real gains of 300 percent while its net gain has been 0 percent during the same period under Republican administrations, The Economist reports.
And Ralph just sent me this —
My Certified Financial Adviser, who has a sense of humor, just sent me a note with this message:
DJIA up 26.52% in the last 12 months
S&P 500 up 30.20 % in the last 12 months
NASDAQ up 30.53% in the last 12 months“Who ya gonna vote for?”
Oh, I dunno. I think I’ll vote for the man in the clean apron washing clean dishes. He seems to have a clue.
Thanks to Karen for the link.
I have a friend that cashed out on his retirement and put it in stocks. Lost his shirt under Bush. Now he is doing well under Obama – BUT guess who he is going to vote for? Yep, Mittens. I just don’t get it.
1Cheryl, what does make sense is the unspoken race issue even with highly educated, well-off whites.
2Perhaps he is mormon or a “christianist”; ie, those who can quote the Bible inside-out, upside-down and still not understand the Message; that conceivably God put Obama as Prez against all normal odds in order to make people take a stand, a commitment, for which some of us believe all will be eventually held accountable.
Others who directly benefit from present status want to continue that which is understandable tho perhaps reprehensible.
And, of course, those many who apparently lack the critical thinking skills of objectivity.
I thought this was common knowledge among stock market types. A broker I know told me when Bill Clinton got elected to expect the market to do better. It did.
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