Political Gridlock Good for Markets? Another Common Theory Debunked
November 02, 2010 at 11:49 AM EDT
Stock markets love gridlock. This is what one would think after listening to investment pundits in the media. The thinking goes that markets hate uncertainty and with gridlock in Washington very little actually gets done, eliminating fears of new, unexpected legislation. However, a quick look at the numbers show that this theory is completely wrong. [...]