A Dem the Street might like (CNNFN Tries To Shill For the Democrats)

CNNFN ^ | 01/16/04 | Alexandra Twin

[Recovering_Democrat]

NEW YORK (CNN/Money) - History shows the stock market does better under Democrats.

A recent study from the University of California at Berkeley, published in the October issue of the Journal of Finance shows that between 1927 and 1998, the stock market returned approximately 11 percent more a year under a Democratic president versus safer, three-month Treasurys. By comparison, the stock market only returned 2 percent more a year versus the T-bills under Republicans. But all the statistics in the world don't mean much to the investors who believe that Democrats aren't as good for business or Wall Street as Republicans. And for those investors, Republican President George Bush's re-election this year is the best thing for the market, particularly with the Republican-dominated Congress to contend with.

[Recovering_Democrat]

Yeah, let's elect a Democrat. It'll be great not.

[donozark]

Note how author omitted fact that Wesley Clark worked for STEPHENS!

[Constitutionalist Conservative]

Forget Wall Street. Everyone in the media knows it's the opinion of the Arab Street that counts.

[martin_fierro]

How lame is CNNfn?

Comcast carries all CNN offerings EXCEPT CNNfn in my area.

That's lame.

[MegaSilver]

A recent study from the University of California at Berkeley, published in the October issue of the Journal of Finance shows that between 1927 and 1998, the stock market returned approximately 11 percent more a year under a Democratic president versus safer, three-month Treasurys. By comparison, the stock market only returned 2 percent more a year versus the T-bills under Republicans. But all the statistics in the world don't mean much to the investors who believe that Democrats aren't as good for business or Wall Street as Republicans. And for those investors, Republican President George Bush's re-election this year is the best thing for the market, particularly with the Republican-dominated Congress to contend with.

Most of that growth is in SPITE of Democrats, I would think.

[Bogey78O]

They neglect to mention that it was because of massive fraud that the stock market peaked under Clinton. Fraud that Clinton allowed by muzzling the SEC.

As to the rest... of course it does better when Democrats are in power. Because when Dems are in power Republicans go back to the private sector where they make it boom. When the Republicans are in power all that's left is incompetant dems left to manage it all.

[FairWitness]

He was a stockbroker and an analyst before moving into medicine, and beyond that, quadrupled a $1 million gift from his parents over 20 years of investing in stocks, bonds and mutual funds.

The story doesn't say explicitly that the "quadrupling" occurred over the last 20 years, but note that the Dow Jones has increased over 12-fold in the last 20 years, so he did worse than "buy and hold" would do even. I am not impressed.

[JohnnyZ]

They left out the parts about the international minimum wage, how we're not going to trade with countries who don't match our labor standars and regulation, etc etc etc.

[jagrmeister]

I think CNNFN has a problem discerning correlation and causality. The President has little impact on the stock market.