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MONEY magazine poll of "investor class" voting bloc

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pruner Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-03 11:30 PM
Original message
MONEY magazine poll of "investor class" voting bloc
Edited on Fri Dec-12-03 11:33 PM by pruner
Those polled by MONEY were overwhelmingly male (82%) and married (80%), and disproportionately Republican (49% vs. 31% independent and 20% Democratic). Almost all described their views as either moderate (52%) or conservative (38%). They are affluent, with a median household income $98,000 and median portfolio size of $387,000.



Asked how they would vote if the 2004 election were held today, exactly half of respondents chose Bush. None of the Democratic candidates could yet count on double-digit support from investors: Howard Dean garnered the top spot (9%), followed by Wesley Clark (7%), John Kerry (4%), Joe Lieberman (3%) and Dick Gephardt (2%). Nearly one-fifth of all the respondents (18%) are undecided. Unlike Americans at large, this is one group that goes to the polls in droves. Among respondents, 97% are currently registered to vote and 96% did vote in the 2000 presidential race.



The results cited are from the MONEY Subscriber Advisory Panel. Online interviews were conducted Nov 14 - 23, with 728 total respondents and a margin of error +/- 3.63%.

http://biz.yahoo.com/prnews/031212/nyf015_1.html
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xray s Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-03 11:36 PM
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1. Hmmm...
I am surprised Bush is only at 50%. That mean all the independents are either undecided or voting for a Dem in this poll.
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Bucky Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-03 11:44 PM
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2. Yeh, but investors ain't happy right now. Wait till the Dow hits 12k
By all indications the stock market is going to finally start to benefit from the reckless tax cuts of the last three years. Plus remember that the bulk of the tax cuts haven't even gone into effect yet, which makes investment at this time a really well timed decision.
Add to that the relative weakness of the of the dollar right now, which is a good draw for foriegn investment, and you've got a stock market about to jump thru the roof.

While I'd personally advise buying stocks at this time for personal reasons, the fact is that up until now the investor class had a great reason to dislike Bush. If the stock markets do rocket off in the next 12, the reasons for disliking Bush are going to go away and he'll be very popular with the disposable money bags again.
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mmonk Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-12-03 11:52 PM
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3. Being an investor myself
I've never understood why the investor class doesn't warm to the Democrats. Historically, the markets do better under the democrats than under the republicans. Its because of either of two things; they believe all the right's propaganda or, we do a bad job of getting out the word we're better.
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