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Political Gridlock is Good for Investing
By JLP | November 3, 2010
As a conservative, I was hoping for a GOP takeover of the Senate along with House. It didn’t happen. Oh well. Regardless, if history means anything, having a house of one party and a president of different party is good news for the stock market. Take a look at the following graphic I put together using the information from this piece:
What will the future hold? We shall see…
Topics: Politics | 6 Comments »
November 3rd, 2010 at 11:53 am
Is Jimmy Carter in there somewhere and I just missed it?
November 3rd, 2010 at 12:31 pm
Jadem,
I was only looking at presidencies that faced different political parties in congress.
November 3rd, 2010 at 2:11 pm
Right now Clinton is thanking Gore for inventing the Internets
November 3rd, 2010 at 3:58 pm
I predict the new R-house will raise the national debt cap (currently at $14.3 trillion) so that they can pass the bush-tax cut extensions for the top 3% of earners — all funded by Chinese debt.
Yay…
November 3rd, 2010 at 7:24 pm
Mohammed El-Arian, CEO of bond giant Pimco, thinks political gridlock will be counterproductive for the economy and the market in the face of a balance-sheet recession.
http://www.washingtonpost.com/wp-dyn/content/article/2010/11/02/AR2010110207877.html?nav=rss_opinion/columns
November 3rd, 2010 at 8:42 pm
Boy I am glad the election is over. I agree gridlock is good for the stock market. Whenever these politicians do anything it makes me and a lot of people nervous. Its better they don’t do anything. The numbers prove this. A quote from Lewis Black,”Republicans think up bad ideas and Democrats figure out how to make them worse