Performance, Fortune & the U.S. President?
Performance, Fortune & the U.S. President?:
"Many people study U.S. political history, others study U.S. economic history, and a relative few individuals look closely enough at both to see the strong connection -- specifically, the link between the performance of the stock market and the fortunes of the president.
The closer you look the more obvious the link becomes. Only fighting a war does as much to shape public perceptions of a U.S. president's performance during his term in office.
In the obviously limited space I have, I can make only a few sweeping observations. The bear market that began with the 1929 crash put the Democratic Party in office for the 20 years that followed the 1932 election. This string was broken when the Republicans nominated a war-hero, who took the White House in 1952. The Dow Industrials were approaching the pre-crash high, and Eisenhower became the dominant political figure during that bull market decade."
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