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I would not exactly call today the snap back I expected and I know nothing
is absolute in history or the market but:
Here are another interesting set of facts that were sent to me...going
back to 1960 and taking the DJIA close on the last day of October in each
election year. {I know the President's term does not start until January
of the following year, but after the election I think there is a lot of
influence by whoever wins.}
Anyway, I think generally people think of a Republican President as being
better for the markets than a Democrat. But the closing
averages of the DJIA indicate otherwise.
Here are the percentage increases/decreases of the Dow October 1960 going
forward 4 years calculated hopefully with little error:
D-60-64 +51%
D-64-68 +9%
R-68-72 +0.33%
R-72-76 +0.9%
D-76-80 -4%
R-80-84 +31%
R-84-88 +78%
R-88-92 +50%
D-92-96 +87%
D-96-00 +82%
R-00-04 -11% roughly to date
The average gain during Democratic terms was 45%. The average gain during
Republican terms was 25%.
Now if you only consider the years in which the previous
administartion was the same party(so you can't blame the previous
adminsitration so easily) it comes out Democratic +46% and Republican
+43%.
This may not prove anything but I've always wondered why people think the
Republicans are better for the markets?
There are obviously many other things to consider in your vote...so no
matter who you like(or dislike the least)...I hope everyone gets out to
vote.
Sincerely,
John
Home of The Money Making Machines
www.themoneymakingmachines.com
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