Mr. Teadrinker had a recent conversation with the guy who handles our retirement money. He said stock market doesn’t care who is president. It cares about China flu and stimulus money. He thought the market would do great this year.
“He said stock market doesn’t care who is president.”
That’s what my guy at Morgan Stanley says, too. I can’t help but thinking electing an anti-business, anti-oil, communist HAS to be bad for stocks. But I’ve been proven wrong many times when the Dems take the presidency, or even worse, when we have had one-party rule for a couple of years.