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Chart of the Day
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. However, in the interest of self preservation, the party in power tends to be motivated to stimulate the economy as a presidential election nears. Today's chart illustrates how the market has performed following a mid-term election year low until the following presidential election year (plus or minus one quarter) high. While there's still a lot of time left on the clock, the current rally (gold bar) is off to a decent start. Stay tuned…

Notes:
- Our charts were positive on the stock market back in June 2006. What are those very same charts saying now? The answer may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.


Source - Standard & Poor's
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Quote of the Day
"Nothing in the world is so powerful as an idea whose time has come." - Victor Hugo

Events of the Day
December 09, 2006 - Heisman Trophy awarded
December 10, 2006 - Nobel Prizes awarded (announced in October)


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