Most experts believe the Republicans will at least gain control of the House of Representatives on this coming election day. Some believe the GOP might even take control of the Senate. We wanted to test your opinion to see what our readers think the repercussions might be for stocks. Is a Republican victory good for stocks?
The movement of the Dow since late August seems to say it is. The stock market has always favored Republicans, or so it seems anyway. After all, they are tax friendly and pro-business, but after all that has occurred under Republican rule, is the President right in pleading with Americans not to put the bad drivers back behind the wheel? If the economy fell into such mess under Republican rule and the treasury budget deficit grew into a monstrous state, then perhaps old rules no longer apply? I believe the market will reward Republican victory, if it has not already, and will penalize a Democratic Party win. But we want to know what you think.
Is a Republican Congressional Victory Good for the Stock Market Anymore?
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(Relevant Tickers: NYSE: PIZ, NYSE: PIE, NYSE: PDP, NYSE: DIA, NYSE: SPY, NYSE: NYX, NYSE: DOG, NYSE: SDS, NYSE: QLD, NYSE: IWM, NYSE: TWM, NYSE: IWD, NYSE: SDK, NYSE: ICE, Nasdaq: QQQQ, Nasdaq: HTOAX, Nasdaq: HTOTX, Nasdaq: HTOBX, Nasdaq: JTCIX, Nasdaq: JTCNX, Nasdaq: JTCAX, Nasdaq: QQQQ, NYSE: GS, NYSE: MS, NYSE: BAC, NYSE: JEF, NYSE: C, NYSE: JPM, NYSE: DB, NYSE: CS, NYSE: STD, NYSE: MGH, Nasdaq: TROW)
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