Zeev's Turnips Patch-No Politics (ZEEV)

[gm_general]

Consider the following, and what are the odds Dubya will say something negative:

If the President is bullish in his State of the Union then the market is a short and vice versa...

1973 Nixon said "The basic State of the Union today is sound, and full of promise. We enter 1973 economically strong..." The market then entered a 2 year bear and lost 45.1% by December of 1974...

1974 Nixon said "There will be no recession in the United States of America. Whoops...

1975 President Ford said "And I must say to you that the State of the Union is not good" The market rallied 35% over the next 4 months...

1983 Reagan said "The State of our Union is strong but our economy is troubled." The market rallied 30% over the next 10 months...

2000 Clinton said "The State of our Union is the strongest it has ever been." The Dow hit its top 2 weeks before the speech at 11722.98....