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What to do When You’re Screwed
If it hasn’t become blindingly obvious over the past week, the economy is in some serious, serious trouble. A couple of weeks ago I wrote about how the housing crisis had taken its toll on Wall Street, and in the ensuing time it’s become obvious that the housing crisis was a lot worse than I had hoped it would be. The Dow is down, stocks are down, and we have yet to see just how badly shareholders are going to get hit. While I generally comment about stocks you should or shouldn’t be interested in, I’m going to break with…
25Sep2008 | Oxbury Research | Comments Off | ContinuedElection 2008: Why Poor Presidential Approval Ratings Make For Great Stock Markets
No question, President George Bush’s approval ratings have pulled an “Enron.â€
A recent Associated Press-Ipsos poll conducted June 12-16 showed only 29% of the public gave Bush a favorable rating. It’s the least favorable approval rating for a U.S. president since Jimmy Carter’s approval rating dropped to just 22%.
While that lousy view of the job Bush is doing will help set up a more-contentious election in November, here’s a curious fact that investors will find quite rewarding: The key to better stock-market returns isn’t having a president we “love†– it’s having a president that we don’t quite hate.
Let me explain.
According to a…
20Jun2008 | Money Morning | Comments Off | Continued
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