Bush's Win Is No Panacea: While government tackles myriad problems, investors are wise to focus on leaders in emerging growth sectors

Knee-jerk bulls hoped the presidential election would magically sweep away the clouds hanging over stocks in 2004. Uncertainty, that worst of all stock market hobgoblins, would disappear once the interminable campaign was over. Investors could concentrate on bottom-line fundamentals once again and s...

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Bibliographic Details
Published in:On Wall Street 2004-12, p.1
Main Author: Quickel, Stephen W
Format: Article
Language:English
Subjects:
Bull markets
Bush, George W
Earnings
Growth stocks
Interest rates
Internet stocks
Investments
Presidential elections
Securities industry
Securities markets
Stock exchanges
Stock prices
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Summary:Knee-jerk bulls hoped the presidential election would magically sweep away the clouds hanging over stocks in 2004. Uncertainty, that worst of all stock market hobgoblins, would disappear once the interminable campaign was over. Investors could concentrate on bottom-line fundamentals once again and stocks would snap out of the doldrums. We might have a fairy tale ending to this unpleasant stock market year. Realistic bulls-including this one-thought that whoever won the White House would face monumental obstacles that will take years to clear away. Obstacles to prosperity like the runaway budget and trade deficits. Obstacles to peace like rebuilding America's relations with Western allies and the Muslim world. Obstacles to the pursuit of happiness like healthcare coverage, environmental protection, Social Security shortfalls, and homeland insecurity.
ISSN:1092-1370