Re:U.S. job losses soar, jobless rate at 14-year high
by steveplace on Saturday November 08, 2008 @08:52AM
(#357549)
traders in general prefer republicans
No, they don't. There's little correlation with that profession and political leaning.
And there's also no statistical data to link market performance with a political party. I didn't think you were inferring that, but as a failsafe, I mention it.
Re:U.S. job losses soar, jobless rate at 14-year high
by vaksel on Friday November 07, 2008 @05:00PM
(#357145)
if traders in general prefer republicans, then how do you explain the huge drop under Bush
Re:U.S. job losses soar, jobless rate at 14-year high
by hugh on Friday November 07, 2008 @07:54PM
(#357288)
From Bush's inauguration in 2001 to late 2007, the Dow rose from 10,000ish to 14,000ish. It's only dropped in the last year, and in particular in the last few months, as it became more and more likely (based on approval ratings and polls) that the next President was going to be a Democrat.
It wasn't until a month before the election that the Dow crashed back below the 10,500 mark which it was at when George W Bush took office in 2001.
OK, now I don't believe that's really the only thing going on, obviously there's a zillion other factors which are more important than just Republicans vs Democrats. But you asked how you could explain the "huge drop under Bush" despite traders being more confident when the administration is Republican, and I gave you an explanation.
Not directly related to unemployment I know.