Election Rally: History Suggests Democrats Better for Stocks

[drm604]

http://finance.yahoo.com/tech-ticker/article/106273/Election-Rally-History-Suggests-Democrats-Better-for-Stocks?tickers=%5Edji,%5Egspc,%5Eixic,DIA,SPY,QQQQ

Posted Nov 04, 2008 01:09pm EST by Aaron Task in Investing, Newsmakers

The stock market was rallying strongly midday, on track for its biggest election day rally since 1984, Bloomberg reports.

As the market continues its week-long advance, some argue this is evidence of the market warming up to a likely Obama Presidency, while others claim it's merely a snapback from deeply oversold conditions probably.

The answer is probably some combination of the two but, regardless of where you sit on the political spectrum, history shows the stock market fares better under Democratic Presidents vs. their Republican counterparts.

More at link: http://finance.yahoo.com/tech-ticker/article/106273/Election-Rally-History-Suggests-Democrats-Better-for-Stocks?tickers=%5Edji,%5Egspc,%5Eixic,DIA,SPY,QQQQ