The Street Gets Comfortable with Kerry

[Career Prole]

Yes, the markets have been listless since August and have lost some ground lately. But with Kerry now in a dead heat with President Bush and the election just two weeks away, no one is panicking. If anything, investors are starting to get fairly comfortable with the Kerry in the White House. "Anyway you cut it, the reality is that people are getting more open-minded about the idea," says Michael Panzner, head trader at Rabo Securities and author of The New Laws of the Stock Market Jungle.

<snip>

Bond investors, who worry more about deficit spending than equity investors do, might actually cheer a Kerry Presidency, some money pros believe. They also would be happy to see the White House improve its relationship with other nations (something Kerry has emphasized), since foreign investors are major buyers of U.S. Treasuries. "There's a plausible argument to be made that to the extent Kerry pushes some fiscal discipline, the bond market would react positively," says Sitko.

Others investors note that as the economy continues to wobble, the perception is taking hold that Bush's policies haven't worked as well as they hoped, making them more open to a change in Administration. "The economic data isn't really making a case that the recovery is intact," says Panzner. "If anything, it looks like it's in tatters. That naturally produces some alternative thinking."

<snip>

Not that Kerry is ever going to get a ringing endorsement from Wall Street, which almost always favors Republican Presidential candidates. But given the jitters earlier this year, the market's relative stability right now points to a new comfort level with candidate Kerry and increases the chances of a modest post-election bounce -- even if the Democrat wins.
http://story.news.yahoo.com/news?tmpl=story&u=/bw/20041018/bs_bw/nf200410189987db038

[Yo_Mama_Been_Loggin]

1. The Wall Street Journal predicted doom and gloom under Clinton

It was this country's most prosperous time in 30 years. It will be likewise under Kerry.

[Hello_Kitty]

2. American products might be boycotted if * wins

Investors need to realize that and stop this knee jerk support of Republicans. Aside from that, what about Repubes aiding and abetting the Enrons and World Coms? Have they forgotten about that? Do they LIKE watching their stocks plummet?