8/04/2005

Investors already eyeing repeat of 2000 election turmoil - Oct. 21, 2004

New investor worry: No winner Nov. 2
The chance of election challenges delaying next president already has financial markets on edge.
October 21, 2004: 12:49 PM EDT
By Chris Isidore, CNN/Money senior writer

NEW YORK (CNN/Money) - As if rising oil prices, a sluggish job market and jitters about earnings weren't enough, investors have something else to worry about: another prolonged dispute over who's president after Nov. 2.
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If what happened in 2000 happens again, and no clear winner emerges for weeks after Election Day, that would probably be a drag on stocks. In fact, some market experts say, the prospect of such uncertainty is already weighing on the market.

"I'm up to a one-in-three chance that we will not know for days who won the election," said Greg Valliere, chief strategist at Schwab Washington Research Group. "And it could really drag on through December again. It's a cliche but it's a true cliche, that markets don't like uncertainty."

Investors already eyeing repeat of 2000 election turmoil - Oct. 21, 2004

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