CBS News financial contributor Mellody Hobson looked at midterm elections going back to the 1940s and found that for the year following every single midterm, the stock market was up. She also said the data showed the economy tends to do better under a split Congress.
"We have that saying, past performance is not a guarantee of future results, but that is the data, and interestingly, the better performing periods are periods where the houses were split in terms of leadership," Hobson said.
I found this interesting.
https://www.cbsnews.com/news/econom...ter-under-split-congress-mellody-hobson-says/
Your gonna put CNBC out of business with that attitude
The third year of a presidents term is historically a bonanza for the stock market. My guess is S&P 3500+ is in the cards in the next 12 months. I know set your allocation adjust once a year & fugit about it
I think you've missed nothing. I tried to look for something, but I came up with nothing. Sincerely, 'nother gubment kontrakter.Gubment is back to blissful gridlock. Paying good money to people to do nothing. But nothing is always better than something if it means that the nothing prevents the something from getting in the way of the nothing. Do I have that right or wm I missing something?
When was it?What correction?
Sorry, what are your assumptions based on? Just because "Nothing has really changed. The deficit is higher than ever, the debt is higher than ever, and interest rates continue higher. None of these items are likely to be addressed by the government - each will simply go higher and that is not a good recipe for the economy over the next one to two years." The deficit is not a problem, until it is, and as I've stated before here, I don't see it beign a problem until it hits ~180-200% of GDP. We COULD have years left in the bull, or it could end tomorrow.2019 will likely be a down year and 2020 will be a down year. Nothing has really changed. The deficit is higher than ever, the debt is higher than ever, and interest rates continue higher. None of these items are likely to be addressed by the government - each will simply go higher and that is not a good recipe for the economy over the next one to two years.
Any time. Am I ready to be a paid FA?Thanks for narrowing that down Bill