Zignals

The Obama Bottom

> Is a Left Wing Government good for stocks?

Mixed government is best for stocks. By 2010 elections we will be three years into a cyclical bear market within a secular bear market and the psychological damage this will have caused. The electorate may look to give control of the House to Republicans which from a policy perspective shifts things center and gives confidence to the market.

Are you arguing the Right Wing Government we had was good for stocks?

>
> Look at what happened in the seventies and you can get an idea of
> where the economy and general market is going.

The market bottomed in the early seventies.

The economic damage has already been done, now it's a question of gritting teeth, supporting boutique (small) businesses which will fill the void, and getting the economy back on its feet.

>
> Those folks in NYC, in their inherent hubris, forget when states
> like Wyoming and Idaho had to bail them out from their left wing
> local government policies.

*Every* tax payer had to bail out Wall Street. Don't ge me wrong, if execs are willing to accept their outrageous pay deals they should also accept the responsibilty of going to jail if they get things wrong....