Dems up in polls. Dow rising.

[Ravy]

Forget for a minute that adjusted for inflation it really isn't at a record high yet.

Also forget the Rovian theory that it is being falsely manipulated to keep Republicans in control.

Wall Street types are smart. They are especially smart about money.

Here is the real cause/effect:

a) People put money in stocks in *anticipation* that stocks will be going up.

b) The markets historically do better when Democrats are in office.

c) Every major source is predicting that many more Democrats will be coming to office, even the Republicans are predicting this. Wall Street is buying on this good news.


The rumors of worse than normal unemployment figures, housing starts, GDP, interest rate rise... all can put the market into a tailspin. The wide predictions of a Democratic takeover would be dramatically depressing the market if that was considered a bad thing by investors. It is quite the contrary.

Don't let the Republicans use high stock prices as a talking point. You don't have to mention Rove or tin-foil, or even explain that it really isn't as high as it was during Clinton to effectively rebutt this.

note: Edited title from The Stock Market and Record Highs

[HamdenRice]

1. Stock market high is pure spin by stupid, lazy, gullible, braindead media

During the Clinton years, when the market was steadily gaining, the market was regularly at "record levels". If the market is rising, as it should normally do, it will regularly break its old record. This idea that suddenly the market is at record levels merely means that the market has recovered its catastrophic losses of the Bush years.

Calling it "record levels" is as stupid as saying, my interest bearing bank account broke record levels again this quarter. If you don't make withdrawals and you are earning interest, then every quarter should be "record levels."

If anything shows how stupid, lazy and gullible the mainstream media are, it is their reporting this horseshit as news without explaining that for the six years of the reign of the idiot boy king george II, the market has been flat because of the looting, theft, gross mismanagement, scaremongering and destabilizing of this regime.

[Robbien]

6. The stock market has nothing to do with economics these days

With all the trillions of hedge fund monies in the market, all the Dow is is one big roulette wheel. Each day some big holders win big and some lose. All the while the common man's investment is sitting almost idle in some mutual fund.

[mmonk]

2. It's been the most sideways market (mostly paltry)

I can remember in a long time.

[dkofos]

3. Does that mean if the repubes win the stock market will crash??

[treestar]

4. This is great, thanks for pointing it out!

The markets are very sensitive just to news, so they could go up in anticipation of a Democratic Congress.

The next freeper who tries to use that one is going to get a smackdown. And in addition, think how they've been all about terra for 6 straight years, now suddenly they find the economy relevant? Makes them look quite desperate.

[Ravy]

7. Thank you for reading my post.

Based on the other comments (so far), I believe they were missing my point if they read it. :(

[Nite Owl]

5. The Dow is not the market

it's only 30 large cap companies. The rest of the true market has a long way to go to breaking any records. A single index doesn't say anything about the economy or the market in general, it's all just hype.

[Liberal Veteran]

8. Can anybody point to the last president that left the DJIA lower than..

...when they took office?


I'm hard pressed to think of ANY president that left office with the stock market lower.

It's not some great accomplishment that the DJIA hits a record high.

Every president has done it.

[Ravy]

9. Please, let me try this again.

The Dow is going up.

Which is more likely:

A) The Wall Street investors finally figured out that there were tax cuts four years ago.

or

B) Wall Street investors are anticipating a positive change in Congress due to the upcoming election.

[DaveJ]

10. I think you are right ...

The title might have been more explanatory if it were something like "Polls Up for Democrats = Stock Markets Hit New High" although that is kind of lengthy. Yes we will see a newly invigorated economy if Democrats take control back.

[Ravy]

11. Yeah, I must suck at the title thing.

Many seem to respond just to the title instead of reading any of the post. I need to think about the titles more before I post.

Thank you!

[Ravy]

16. Kicking for the night crowd. (n/t)

[Quixote1818]

12. It took six years just to get back to the market Clinton had.

In reality, due to inflation the market is 20% lower than it was six years ago. It's not at a record high. It would need to be 20% higher.

[Ravy]

14. Thanks for pointing that out. : (

I thought I had adequately addressed that in the first line of the post.

[Proud2BAmurkin]

13. big investment firms are donating more to Democrats this cycle

just read that

[Rockstone]

15. Savvy, Ravy

good thinking.