Stock market loves DNC convention

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Daily Kos Staff

Wednesday July 28, 2004 · 5:15 PM PDT

2004/07/28 · 17:15

Should we call it the Obama boost? Or the "anticipating Edwards" boost? Or the "Kerry and the Dems are looking good boost?

Remember, the stock market performs better during Democratic administrations.

Slate ran the numbers and found that since 1900, Democratic presidents have produced a 12.3 percent annual total return on the S&P 500, but Republicans only an 8 percent return. In 2000, the Stock Trader's Almanac, which slices and dices Wall Street performance figures like baseball stats, came up with nearly the same numbers (13.4 percent versus 8.1 percent) by measuring Dow price appreciation. (Most of the 20th century's bear markets, incidentally, have been Republican bear markets: the Crash of '29, the early '70s oil shock, the '87 correction, and the current stall occurred under GOP presidents.)

Democrats are better for the economy, for jobs, and for the stock market.

Stock market loves DNC convention

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