Possible 50% pullback leading up to the election
Election years in which the outgoing president is finishing up his 2nd term has had a pretty substantial effect in
the months leading up to the election. In 1987 the market tanked before Reagan left office in 1988 , 2008 when Bush II was leaving office , and it looks like it can happen again when Obama rides off into the sunset.
I believe uncertainty drives the bearish movement .Ultimately the markets all recovered once we knew in which lobbyists will be rewarded..
the months leading up to the election. In 1987 the market tanked before Reagan left office in 1988 , 2008 when Bush II was leaving office , and it looks like it can happen again when Obama rides off into the sunset.
I believe uncertainty drives the bearish movement .Ultimately the markets all recovered once we knew in which lobbyists will be rewarded..