Markets Do Better Under Democrats!
Saturday, September 6th, 2008Judging by historical returns Democrats are much better for markets! In an article published by economist Jeremy Siegal on Yahoo Finance (9/5/08), the presidential administrations over the last 120 years were evaluated against stock market returns. On average, markets have risen 10.9% when the reigning presidents were Democrats, while only 8.3% when Repubicans were in charge. Conventional wisdom is that Republicans are stronger on the economy, while Democrats tend to be further to the Left ideologically. How is it, then, that Democrats dominate markets?... Read more