If you watch CNBC (and, to a lesser extent, Bloomberg Television), you would see that it is conventional wisdom that a Romney win in November would be good for investors. It's presented as if beyond dispute.
I've done it before here, but let's have a little review of the past four presidents, two from each party:
When Bush Senior took office in January 1989, the Dow was at about 2,220; when he left four years later it was at about 3,250. A nice increase of 45% or so.
When Bill Clinton was president, he started with the 3,250 from Bush the First and left office four years later with a Dow of 10,588. A nifty increase of 225%!!!!
In his eight years, Bush Junior turned Clinton's 10,588 into a Dow average of about 8,230....a decrease of about 22%!!!
Barack Obama has been in office for over three years and the Dow closed today at 12,415. So, in his 3+ years the Dow has gone up right around 50%.
So, the two Republicans were up 45% (pretty good) and down 22% (a disaster). The two Democrats were up 225% and 50% (yes even that socialist Obama beat both the Bushes so far).
Just sayin'....
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