8/04/2005

Stock Market Poised for Drop - Election Dispute may Trigger Market Drop

Election Dispute may Trigger Market Drop
Your Guide, Ken Little From Ken Little,
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Bush or Kerry? You probably care, but does the stock market?

What the market really needs is a presidential election that voters decide quickly and decisively. If this election is mired in controversy and the courts for an extended period, brace yourself for a steep drop.

When the 2000 election stretched from Nov. 7 until the Supreme Court decision on Dec. 12 the Dow dropped 1.7%. It had been down much more.

The stock market cannot abide uncertainty. It can process and accommodate bad news, but what does it do with the unknown?

When you add in the other uncertainties of the war in Iraq, the threat of terrorism and a sluggish economy that is shaking consumer confidence, the market is poised for a big drop if this election isn’t resolved quickly and decisively.

Stock Market Poised for Drop - Election Dispute may Trigger Market Drop

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