Kerry: The Investor's Best Friend?

Investment expert Peter Cohan points to history and argues that the Street does better with a Democrat in the White House

"If Kerry wins, it will be in the best interest of investors," in the view of Peter Cohan, author, investment expert, and president of Peter S. Cohan & Associates, who has examined the possible market impact of the 2004 Presidential election. Cohan particularly cites a study comparing the Standard & Poor's 500-stock index with the short-term Treasury bill rate under varying Administrations between 1927 and 1999. It shows that under Republicans the return on stocks was two percentage points better than the bill rate, but under Democrats it was 11 percentage points better.

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