Bulls, Bears, Donkeys and Elephants
There was an interesting piece in yesterday’s New York Times that asked the following question: "…which party has been better for American pocketbooks and capitalism as a whole?"
To come up with an answer the author, Tommy McCall, conducts a thought experiment: "imagine that during [the last 80] years you had to invest exclusively under either Democratic or Republican administrations. How would you have fared?
As of Friday, a $10,000 investment in the S.& P. stock market index* would have grown to $11,733 if invested under Republican presidents only, although that would be $51,211 if we exclude Herbert Hoover’s presidency during the Great Depression. Invested under Democratic presidents only, $10,000 would have grown to $300,671 at a compound rate of 8.9 percent over nearly 40 years."
You can view the article here.
