It's too soon to tell, but I think as a whole it will have no real impact on the broad market. However, I do think certain sectors of the market may be affected due to a shift of power.
These are the sectors that could directly see a change in policies or the effectiveness for certain bills to be passed.
Two big sectors that could be affected are energy, healthcare and defense. Of course it is still speculation at this point, but the economy as a whole is quite strong, so I don't see any real adverse effect on the markets in general.
Democrats mean more taxes. Bush will veto these measures while he's in office, so it'll be another two years before I can answer this question for certain either way.
My name is Madame X, and I am a 50-something woman living in New York's lower Hudson Valley. I write about how much money I make, what I spend it on, how much I save, how I budget, my home-buying experiences, my financial goals and ambitions, my thoughts on class and what it means to be rich or poor, and anything else that relates to money. (More about me here, here, and here.) If you take any of my advice, do so at your own risk as I am not really qualified to give it. If you have advice to share, please do, and many thanks!
4 comments:
It's too soon to tell, but I think as a whole it will have no real impact on the broad market. However, I do think certain sectors of the market may be affected due to a shift of power.
These are the sectors that could directly see a change in policies or the effectiveness for certain bills to be passed.
Two big sectors that could be affected are energy, healthcare and defense. Of course it is still speculation at this point, but the economy as a whole is quite strong, so I don't see any real adverse effect on the markets in general.
Democrats mean more taxes. Bush will veto these measures while he's in office, so it'll be another two years before I can answer this question for certain either way.
From what I've read, the market does well when power is split between two parties.
But, also, if we had better social safety nets, I wouldn't have to worry so much about personal retirement funds, etc.
... and, by split between to parties, I mean president from one party, majority in congress from another.
Post a Comment