Stock investors fare better under Democrats

Posted by AzBlueMeanie:

I posted about this back in January 2009 (the changeover in blog software since affected the charts and graphs) Democratic Presidents Are Always Better For The Economy – Always.

For what it's worth, Bloomberg News recently reported that the stock market invariably performs better under Democratic administrations.

In 2004, a Bush cabinet official said job creation and GDP numbers don't really matter because "the stock market is … the final arbiter" of economic success.

This is WRONG, of course, but it is the metric they chose, so… this week Strong retail sales lifts Nasdaq, Dow to new highs (March 13, 2012):

U.S. stocks leapt today, with the Nasdaq composite finishing above 3,000 for the first time in 11 years, after JPMorgan Chase & Co. raised its dividend, retail sales climbed and the Federal Reserve held rates at record lows.

* * *

“It’s been across the globe, the rally, and a lot of it has to do with the over $6 trillion in stimulus being pumped into the economy,” Raich added.

* * *

Reclaiming its perch above 13,000, the Dow Jones industrial average rose 217.97 points, or 1.7 percent, at 13,177.68, its biggest single-day jump since Dec. 20, 2011, and its highest level since Dec. 31, 2007. The Dow last closed above 13,000 on Feb. 28, its first finish above that level since the middle of 2008.

* * *

The S&P 500 index added 24.86 points, or 1.8 percent, to 1,395.95.

Also topping a psychological milestone, the Nasdaq composite climbed 56.22 points, or 1.9 percent, to 3,039.88, its highest level since the end of 2000.The Nasdaq cleared 3,000 on Feb. 29, but failed to retain the level through the close.

If the recovery continues on this upward trajectory Willard "Mittens" Romney will have nothing left to say.