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November 02, 2004
Stock Market Predictors
Red Herring looks at two of the traditional stock market predictors of Presidential elections and they show...well, you guessed it a toss-up.
"The DJIA closed on October 28 at 10,004.32, down 6.83 percent from its closing high for the year of 10,737.70, reached on February 11. The sentiment has been bearish. With an underperforming stock market, the DJIA could be signaling a Republican victory in Tuesday's election."
On the other hand....
"With the specialists' short-sale ratio flashing a bullish sign, this could indicate a Democratic victory on Tuesday - and a change of occupants in the White House in January."
Clear as mud...
Posted November 2, 2004 06:33 AM
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at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
