Deomcrats win! ?.
Perhaps the title should include "so what?". Of course, I hope they do more good than harm and it probably is time for a change in leadership. But, will they lead or simply get entrenched in power and ultimately mired in scandal? It should be noted that politicians spent $1.6BB on advertising for their campaigns this year. That is something along the lines of a 150% increase over 5 years ago. That strikes me as an indicator that this running for office thing is BIG business with much at stake for the players that goes well beyond the morals and ethics of representation and lawmaking. So perhaps the question should be "how long will it take them to get entrenched in power and ultimately mired in scandal?". Either way we know the answer and in 10 years or so the pendulum will swing back to Republicans.
The more significant question is does it matter to the market? Yes and no. For starters, the net effect on defense spending is clearly a big one to watch. And the tax question is a big one to watch, too. Why do Democrats so desperately want to raise our taxes and why do so many people agree with that position? The change in control of the house will lead to similar but subtle changes in economic policy that will represent potential for greater and smaller profits from industry to industry and company to company. All investors can do is carefully watch their stocks for signs of distribution that could lead to lower prices or vice versa. And, keep an open and flexible eye for new opportunities.
There are great looking stocks that we are watching based upon our various screening methodologies. Their performance has been excellent and encouraging about the health of this overall market. Various indicators suggest that we are in a new bull market and that the long side will reward significantly. However, even the strongest bull markets are not straight up affairs and always present numerous challenges. As my mentor Bernie used to say, "keep your eye on the ball and the ball is money".
As always, please visit our website for further information about our firm, philosophy, and investment strategies/results. www.gellercapital.com
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this newsletter (article), will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter (article) serves as the receipt of, or as a substitute for, personalized investment advice from Geller Capital Management, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. A copy of our current written disclosure statement discussing our advisory services and fees is available for review upon request.
The more significant question is does it matter to the market? Yes and no. For starters, the net effect on defense spending is clearly a big one to watch. And the tax question is a big one to watch, too. Why do Democrats so desperately want to raise our taxes and why do so many people agree with that position? The change in control of the house will lead to similar but subtle changes in economic policy that will represent potential for greater and smaller profits from industry to industry and company to company. All investors can do is carefully watch their stocks for signs of distribution that could lead to lower prices or vice versa. And, keep an open and flexible eye for new opportunities.
There are great looking stocks that we are watching based upon our various screening methodologies. Their performance has been excellent and encouraging about the health of this overall market. Various indicators suggest that we are in a new bull market and that the long side will reward significantly. However, even the strongest bull markets are not straight up affairs and always present numerous challenges. As my mentor Bernie used to say, "keep your eye on the ball and the ball is money".
As always, please visit our website for further information about our firm, philosophy, and investment strategies/results. www.gellercapital.com
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this newsletter (article), will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter (article) serves as the receipt of, or as a substitute for, personalized investment advice from Geller Capital Management, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. A copy of our current written disclosure statement discussing our advisory services and fees is available for review upon request.
posted by David Geller at 11:23 AM
2 Comments:
George Will sums the 2006 November elections up nicely:
http://jewishworldreview.com/cols/will110906.php3
"About $2.6 billion was spent on the 468 House and Senate races. (Scandalized? Don't be. Americans spend that much on chocolate every two months)."
Thanks for your comment and the updated amount spent on advertising by candidates. It's as scandalous as Babe Ruth making more money than the President. As he said at the time, "I hit more home runs than he did!" It's not scandalous at all, it just shows how big the stakes are that candidates are pumping up the volume considerably. And given the choices, I'd opt for chocolate any day!
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