Can't win on the bearside even on supposedly bad news today.
I am going to throw the towel and join the bandwagon before its too late
How GOP Win in November 'Will' Move Markets: CIOPublished: Thursday, 23 Sep 2010 | 11:31 AM ET Text Size
By: JeeYeon Park
Could a GOP November win of the House be good for the markets and economy? Hugh Johnson, chairman and CIO of Hugh Johnson Advisors, shared his insights.
“It’s going to be helpful, but it’s not going to be as good a market as you had in 1994,” Johnson told CNBC.
In 1994, Johnson explained, the economy had been expanding for 45 months, the unemployment rate was around 6 percent and deficits were around 3 to 4 percent of GDP.
“Now, the conditions are a lot worse,” he said. “That doesn’t mean that this isn’t going to be positive for the markets, because it will, but it won’t be as positive because underlying economic conditions are much weaker today than in 1994.”