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Chart of the Day
In terms of the presidential cycle, the market is fast approaching what has historically been the most difficult leg of the four-year cycle. Early in a new presidential term and with the next election several years away, the powers that be tend to be more willing to address such quaint topics as fiscal responsibility and balancing budgets. The downside to this 'belt tightening' is that it can be a drag on the economy. Today's chart illustrates how the market has performed following a presidential election year (plus or minus one quarter) high until the following mid-term year low. Stay tuned…
Notes:
- What are the latest economic and financial indicators saying about the stock market? Find out with the exclusive long-term stock market charts, indicators, and studies of our premium service Chart of the Day Plus.
Source - Standard & Poor's
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Quote of the Day
"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it." - Warren Buffett
Events of the Day
March 05, 2005 - Iditarod begins
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