|With the 2008 presidential campaign now in full swing, today's chart illustrates how the stock market has performed during the average election year. Whether the average election year is measured from 1980 or 1900, the market has tended to struggle during the first five months of an election year. That initial subpar performance was then followed with a rally (on average) right up to the November election. One theory to support this election year stock market behavior is that the first five months of choppiness is due in part to the uncertainty of the outcome of the presidential election (the market abhors uncertainty) with the market beginning to rally as the outcome of the election becomes increasingly evident.Notes:
- The market is at a critical juncture. Where we go from here may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
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Quote of the Day"At times it is folly to hasten at other times, to delay. The wise do everything in its proper time." - Ovid
Events of the DayJune 07, 2008 - Belmont Stakes
June 09, 2008 - US Open golf tournament begins (ends June 15th)
June 14, 2008 - Flag Day
June 15, 2008 - Father's Day
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