sea.bryan wrote:
Stock performance in midterm election years is most highly correlated with change in the ISM index for the six month period surrounding the election. The second most correlated factor is seasonality. Political affiliation is well down the list, and actually does not register as statistically significant. I would also add that the correlation falls even further in a divided government.
I am fascinated with all the reasons the "experts" give for the meltdown. From slow Cap growth to no trade agreement to Trump and back to interest rates everyone has an idea why things are falling. Which tell me nobody really knows why. Pick a theory, throw up a chart, and you too can be an expert. On the bright side I am very glad I did not buy Facebook at 165. Which, may I remind you, seemed like a deal back two months ago?
"The great pleasure in life is doing what people say you cannot do."