Today's Investor's Business Daily did mention that lately the market has been 'unusually news driven', but the key word here is 'unusual'.
Normally, people run markets and people run politics, and it's markets (supermarket, fish market, stock market, flea market, etc.) that are a lot closer to people's core activities than politics. We see lot's of people who'll vote in a candidate to improve the economic situation, but not since 1918 Russia have I seen anyone change the economy for politics' sake.
1918 Russia have I seen anyone change the economy for politics’ sake.
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Well I am reading reports (which I am not in a position to either verify of debunk) of wealthy people pulling their money out of the stock market due to concerns about what Obama will do. Would you call that changing the economy for politics’ sake? I feel sure that there are business decisions being changed based on fears of an Obama presidency.