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CNBC posted such stats in the last couple weeks... surprisingly, Democratic
administration won by a couple of tenths of a percent.
>From: "Carl Vanhaesendonck" <carl.vanhaesendonck@xxxxxxxxxx>
>Reply-To: realtraders@xxxxxxxxxxx
>To: realtraders@xxxxxxxxxxx
>Subject: [RT] Re: (unknown)
>Date: Fri, 24 Nov 2000 10:16:15 -0000
>
>I agree with Joe remark below, and wish to restate what I said: the
>market does not care about whether Republicans or Democrats are in
>power. You want a proof: there have been as much bear markets or bull
>markets during republican or democrat eras.
>It would be interesting here to let apart our beliefs and
>convictions, and let only the number speak for themselves: what is
>the yearly average % increase of the stock market during republican
>presidentship and during democrat presidentship for the last 100
>years. I do not have the data to perform the operation, but I would
>be curious to see the results - I think that we could become very
>humble by seeing that the markets really do not care and is not
>distributing good or bad points according to the political colour.
>
>Maybe some RT Member who has the needed data could calculate this ?
>
>Carl
>
>
>--- In realtraders@xxxxxxxxxxx, "Joe Duffy" <joeduffy@xxxx> wrote:
> > How do you explain the long bear and crushing market of the US
>dollar during
> > recent Repbulican presidential terms?
> >
> >
> > ----- Original Message -----
> > From: Michael Ferguson <wl7bdn@xxxx>
> > To: <realtraders@xxxxxxxxxxx>
> > Sent: Thursday, November 23, 2000 12:07 PM
> > Subject: [RT] (unknown)
> >
> >
> > > Carl asked the question, >Do you really think that the US vote
>issue will
> > > decide for the market direction ? <
> > >
> > > Here is a trading related response with a long term perspective:
> > >
> > > Do you think that fiscal and monetary policy, (there IS a
>difference),
> > > affect the financial condition of a country's businesses?
> > >
> > > What do you suppose is responsible for Japan's economic
>situation? Bad
> > > policy, bad luck?
> > >
> > > What do you think is responsible for France's economy? And the
>value of
> > > their currency?
> > > And Germany. And the value of the DM. Or anywhere. Why was the
>euro a
> > > slam-dunk short?
> > >
> > > I am not stating that there is anything wrong with the people in
>those
> > > countries. Or their currency. I am asking this question: what do
>their
> > > regulations and tax laws have to do with the viability of their
> > businesses?
> > >
> > > Can an election have long term lasting effects on a market?
>Suppose
> > > candidate X manages to get in the US presidential office and
>appoints to
> > the
> > > US supreme court the judges that are now on the FL supreme court.
>Can you
> > > honestly imagine that action would have zero effect on the
>direction or
> > the
> > > strength of the markets? On the prosperity of the country? Or the
>rate at
> > > which capital is formed and invested?
> > >
> > > One of the major strengths of the US economy is the reliability of
> > contract
> > > law. It is the reason that US markets are considered a safe
>haven. But
> > when
> > > you have courts willy-nilly changing contract terms after the
>fact, as
> > > happened in FL, then you no longer have a safe haven, and you
>might as
> > will
> > > invest in xyzLand, because you will have the same chance of
>getting your
> > > money back. Twisting contract law is death to an economy. If you
>don't
> > think
> > > so, just imagine the corruption of contract law by the FL court
>let loose
> > in
> > > the Bond pit. The reason traders from around the world trade in
>the US is
> > > they trust the contract laws. This is one of the deep issues of
>this
> > > election, and I think it is a crucial reason why the outcome of
>this
> > > election matters to all of us.
> > >
> > > Suppose X administration came after, say, daytraders, or,
>investors. You
> > > think that's not possible? Or contemplated? What if you can no
>longer
> > short
> > > futures? Or currency? Or even invest your own funds where you
>choose to?
> > Or
> > > when you choose to? Do you think this is far-fetched?
> > >
> > > I was in one business for 28 years. During that period of time
>federal
> > > agencies that did not exist when I started my business, enforcing
>laws and
> > > regulations that did not exist, literally choked the profit from
>my
> > business
> > > by increasing the regulatory costs, the legal hazards, and by
> > simultaneously
> > > reducing my opportunities to conduct business. It is no longer
>financially
> > > viable. I am money ahead by NOT OPERATING MY BUSINESS. By federal
>fiat.
> > You
> > > think an election has no effect on your future?
> > >
> > > All of this happened during the last 8 years.
> > >
> > > Now, what I am asking you to imagine is this:
> > >
> > > 1: For the next 8 years what happened to my business happens to
>more
> > > businesses. To YOUR business, to YOUR opportunities.
> > >
> > > OR
> > >
> > > 2: For the next 8 years businesses are relieved of anti-business
> > government
> > > policy.
> > >
> > > Then ask the question again: "Do you really think that the US
>vote issue
> > > will decide for the market direction? "
> > >
> > > HOW COULD this election NOT AFFECT THE MARKETS?
> > >
> > > Politics and economics are inextricably interwoven, and it seems
>short
> > sited
> > > to ignore this. In the short run, Ira is right, the volatility is
> > > opportunity.
> > >
> > > Best Regards,
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxx
> > >
> > >
> > >
> > >
>
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