My Open Wallet: Election Results: A Personal Finance Blog About Money and Life in New York

Wednesday, November 08, 2006

Anonymous said...: 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.; 11/08/2006 2:54 PM
Anonymous said...: 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.; 11/08/2006 6:04 PM
Anonymous said...: 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.; 11/09/2006 1:17 PM
Anonymous said...: ... and, by split between to parties, I mean president from one party, majority in congress from another.; 11/09/2006 1:25 PM

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