I was sitting in my local banking branch and noticed a poster on the wall, of how stocks have been performing (in general) over the last several decades. It was marked by year, prime-ministers, and presidents. During the years of Nixon, stocks were falling, and weren't doing so well, especially towards the end of his presidency. When Ford came into office (or when Nixon left), stocks promptly went back up.
For some reason, I never really connected stock performance with US presidential performance...
Hmmm, I wonder how stocks are doing with Bush in office...
1 comment:
actually and surprisingly ok. Biotech, tech (a little), and most natural resources have helped the American Exchanges. War stocks are doing well too.... who knew?
Could they be doing better? Yes and as long as they keep creating a high debt load, due to the war, other countries become more attractive to invest with as they have potential for extreme growth (India/China). l8r stu
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