CBS Headline: U.S. stocks jarred by early call favoring Kerry

http://biz.yahoo.com/cbsm-top/041102/6cb562c64d48cdb2a6603ee143760212_1.html

NEW YORK (CBS.MW) -- U.S. stocks staged a sharp reversal Tuesday, with blue chips sliding into negative territory and the Nasdaq paring gains amid reports that John Kerry is putting in a strong early showing at the polls.

"The only thing I can see is that the Drudge Report shows the preliminary exit polls showing Kerry within striking distance," said Jay Suskind, director of trading of Ryan, Beck & Co.

more...

So will I.

The Democratic Dividend
The stock market prefers Democratic presidents to Republicans. Why?
By Carol Vinzant
Posted Friday, Oct. 4, 2002, at 4:15 PM PT
snip----
But Democrats, it turns out, are much better for the stock market than Republicans. Slate ran the numbers and found that since 1900, Democratic presidents have produced a 12.3 percent annual total return on the S&P 500, but Republicans only an 8 percent return. In 2000, the Stock Trader's Almanac, which slices and dices Wall Street performance figures like baseball stats, came up with nearly the same numbers (13.4 percent versus 8.1 percent) by measuring Dow price appreciation. (Most of the 20th century's bear markets, incidentally, have been Republican bear markets: the Crash of '29, the early '70s oil shock, the '87 correction, and the current stall occurred under GOP presidents.)
snip---
Nor does having a Republican Congress help the market. A Democratic Senate showed returns of 10.5 percent (versus 9.4 percent for a GOP upper chamber), and a Democratic House returned 10.9 percent versus 8.1 percent for the Republicans.
snip----
Republicans are no doubt muttering that that's just the stock market, not the whole economy. But real GDP growth follows the same pattern. Since 1930 (the first year decent data is available), GDP growth was 5.4 percent for Democratic presidents and 1.6 percent for Republicans.

http://slate.msn.com/?id=2071929

That Yahoo article is total republican propaganda!

Yahoo is a RW shill propaganda blaster.

I can picture them all selling their stocks based on Drudge.

Another article hitting the same theme: http://www.sims.berkeley.edu/~hal/people/hal/NYTimes/2003-11-20.html

the fucking corporations are going to start paying more of their fair share pretty soon. Don't expect the fat-cat CEO's to take a pay cut to cover it, it'll come from the bottom line.

the fucking corporations are going to start paying more of their fair share pretty soon. Don't expect the fat-cat CEO's to take a pay cut to cover it, it'll come from the bottom line.

Why would that be? Kerry has campaigned on lowereing corporate taxes, has he not?

The title is incorrect. Read what this analyst said:

"We had this pre-election rally and the election is almost over. It's almost a sell on the news now that we're actually here."

Translation: it wouldn't matter who was leading, it's just a normal adjustment due to the election proceeding.

:nopity:

Jay

And to think that this is the same network that carries 60 Minutes. I guess that somebody over at MarketWatch got a blow job from Drudge this morning. They seem to forget the HUGE dip that happened over this last month, and that Kerry is stronger every day. The end-of-day close is where the real figures are anyway.

this is a nonissue

Seems the media can find a way to plant seeds of doubt or second thoughts without us...

hates change. That's why it will do that when Kerry finally wins so prepare for it. The bond market will be stronger short term. Count on it. The medium range outlook will be little change. You can count on that and take my words to the bank. Hear me now and believe it later.

fucking liars