Stocks surge on eve of election

"What's more, a common refrain is that many investors would be happy with political gridlock in Washington, assuming a Democratic victory in the House would lead to a standoff with President Bush on new policy initiatives. The idea is that the economy would be best off just left alone. Wall Street 'loves gridlock better than they love Republicans,' said Thomas Steffanci, investment chief at Glencrest Investment Advisors in Claremont." See, doing nothing's better than screwing it up!

Nov 7, 2006 in Biz, Politicks | Comment