Today, rather than the usual fare, I'll mix stocks with politics by calling your attention to a theory that the Dow must be over 10,000 for George Bush to be re-elected. I've heard the theory before, but read about it again on The Uncivil Litigator.
Yesterday, the Dow reversed intraday to close up 22 points to 9,956. Of course, as one can see in this chart, the Dow has been back and forth across 10,000 all year. In fact, the Dow has been stuck in a range since 1999.
Still, the Dow seems like it's on the rebound and may well be over 10,000 in two weeks. Does this bode well for Bush? It seems like it can't hurt.
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