Speaking of McCain and Obama, here's a summary of what Robert...

Speaking of McCain and Obama, here's a summary of what Robert McHugh found in analysing markets over the last 9 pesidential elections since 1972:
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Here is what we learned:
In six of the nine elections, we saw a bump in stock prices over the short-run, over the next
few weeks after the election. The three times we did not get a short-term bump was 1984 (Reagan’s
reelection), 1988 (George the 1st’s election), and in 2000 when prices were flat (George the 2nd’s
first term election). So, 7 out of 9 times, prices did not fall (were flat or rose) over the short-run.
In six out of the nine elections, we saw prices 5 percent or more higher 4 to 5 months after
the election. The 3 times prices fell from election day levels, 4 to 5 months later, were in 1972
(Nixon), 1976 (Carter), and again in 2000 (George W. Bush). But in 2 of those 3 instances where
prices were lower 4 months out, stocks staged a short-term pop after the election. That tells us that in
eight of nine elections, prices were at least 5 percent higher than election day at some point over the next 5 months than they will be this coming Tuesday at the close.