Do stocks point to Bush loss?- CNN

[Bhaisahab]

Past performance is not a reliable indicator of future returns. That's good news for U.S. President George W. 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.

http://edition.cnn.com/2004/BUSINESS/06/23/bush.stocks/index.html
heh heh!

[Barad Simith]

1. If I were a Republican,

I'd be over at FR posting shit about how we should learn to STOP FUCKING UP THE ECONOMY.

[Sirveri]

2. No you wouldn't

You'd think that the media is overblowing everything and that the economy is turning around and roaring like a muscle car.

[rfranklin]

3. The stock market is not the economy...

While corporate profits are rising, the income of workers has stagnated and with rising inflation purchasing power will actually decline. They can cut costs and outsource all they want, but eventually there will be no one buying and, consequently, no more profits.

[Barad Simith]

4. You're right, I forgot

that under those circumstances I'd be an idiot and a liar.

[Jack from Charlotte]

5. What was The S&P at when AWOL was inaugurated?

I think in the high 10,000's. Since it's possible that it could get back to that figure, I'd like all Dems to consider giving AWOL a big hand if it were to occur.

"Congrats, to the AWOL/Moron administration. After 3 3/4 years the stock market has gotten back to a ZERO rate of return under your leadership. All of us with retirement accounts are glad we're back to a ZERO rate of return over a 3 3/4 year period due to the Bush economic plan."