'The Obama Win Is Good for the Stockmarket,' Says Multi-millionaire Market Veteran
MILTON KEYNES, England, Nov. 15, 2012 /PRNewswire/ -- One week on from the Elections and after the recent reaction on Wall Street with the Dow Jones falling over 440 points in two days you may jump to the conclusion that four more years of Democrats is bad news for the stockmarket but according to trader and investor Vince Stanzione from Fintrader.net the stockmarket favours the Democrats.
Stanzione crunched data going back to 1921 using the Dow Jones Industrial Average and found that the common view of Republicans are better for business and stocks did not hold true. In fact the average return for the Dow Jones over the period was 12.4% whereas under the Republicans it's 6.9%
Stanzione says, "Many forget that when Obama took office the Dow was trading at 8800 against the recent 12830 that's a near 46% gain" he adds "under the last Republican president George W. Bush (2005 to 2009) stocks were down 18% and in his first term they were flat." One of the best presidents for the stockmarket in recent years has been Bill Clinton (Democrats), in his first term markets soared 95% and followed on with 67% in in second term.
Of course history is a guide and not a guarantee of the future but the odds of the stockmarket being higher than it is today in four years are better than most expect.
On the fiscal cliff Stanzione quotes Winston Churchill, "You can always count on Americans to do the right thing, after they've tried everything else." And believes that a compromise deal will be done before the deadline and this will most likely some sort of 12 month extension. Overall his trading model remains bullish on US stocks and calls for a 6 to 7% up move in stocks between now and end of January 2013.
About Vince Stanzione
Vince Stanzione is a self-made multi-millionaire based in Monaco and Mallorca, Spain and trades his own funds mainly in currencies, stocks and commodities with over 27 years of experience starting at the age of 16 as a dealing room runner in London.
As well as trading he also teaches a small number of students and produced the bestselling course on Financial Spread Betting "Making Money From Financial Spread Trading." He recently launched a new U.S. home-study course, "Maximum Trading Profits in Minimum Time," to teach investors how to profit from rising and falling markets.
To learn more, go to http://www.fintrader.net.
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