Word: valkanov
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Wall Street's other piece of soothsaying wisdom--that a G.O.P. President will unleash the bulls because Republicans are good for business--isn't even supported by history. Finance professors Pedro Santa-Clara and Rossen Valkanov of the Anderson School of Business at UCLA have studied the linkage between Presidents and stock prices. They found that from 1927 through late 2003, stocks outperformed short-term Treasuries by an annual average of 12% under Democratic Presidents but by only 1.9% under Republicans...
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