The 2008 Election and Stocks
This presidential election is on a lot of minds these days, including mine. I’m a total politics junky, so I enjoyed looking at the implications of a Democratic or Republican victory on the stock market in a story this week. Americans’ choice for president will almost certainly influence sectors like defense (facing a possible pullout of Iraq) and health care (facing mostly Democratic reform efforts, including proposals for universal health care). And I talked with several fund managers and advisors who worried about protectionism and efforts to repeal President Bush’s tax cuts. Free trade and lower taxes are an integral part of the Wall Street creed. The outcome of this presidential election is very important for the nation and the world, but how much does it really matter for investors? A few thoughts:
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