Wednesday, November 19, 2008

Money & Business

Capital Commerce

CPI: The (Hillary) Clinton Price Index

May 15, 2008 03:58 PM ET | James Pethokoukis | Permanent Link | Print

Is the stock market voting for a continuation of the Obama-Hillary presidential brawl? Larry Kudlow has dubbed this the Clinton Price Index, meaning that Hillary's electoral fortunes are affecting the price of stock indexes under the theory that the longer the race goes on, the better the chance for a McCain victory and a continuation of low capital-gains-tax rates. It's a theory. The fine blog Redlegs Rant has followed up on this:

April 16: "...Obama also confirmed that he would consider raising the capital gains tax, which is currently at 15 percent, back to its previous Clinton-era high of 28 percent..."

April 22: Obama gets crushed in PA

April 23: Stocks rise

May 6: Obama wins big in NC

May 7: Stocks plunge

May 13: Obama gets crushed in WV

May 14: Stocks rise

DISCLAIMER: Correlation is not causation. But it looks as if investors (100 million-plus strong in this great country) might have a dog in this fight, no?

Tags: presidential election 2008 | Hillary Clinton | stock market

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Reader Comments

HILLARY RODAHM CLINTON is the right presidnent for America.

HILLARY RODHAM CLINTON is the right president for America.

HILLARY is America's ~~ Motion In The Ocean and Hillary will get America Back On Track with opportunities for All People.

HILLARY is well educated, experience, substance, Solutions for America and Hillary is ready to do the presidential duties on day one.

HILLARY is a very hard worker and Hillary is also an extremely hard fighter for America.

HILLARY is a doer for All People and Hillary is committed to America 100%.

HILLARY gives hope to the hopeless and renews the American Dream and the American Spirit as well.

HILLARY will do many great things for America.

HILLARY is a Christian, she believes in the Bible, she believes in GOD, she respects the American flag, she salutes the American flag, she respects the national anthem as well.

HILLARY is ready to get the Wheels of Change rolling for America as president.

HILLARY is the candidate that will produce the Democratic Presidential WIN for America...'SUPERDELEGATES need to do some serious soul searching and 'SWITCH THEIR ENDORSEMENT TO HILLARY RODHAM CLINTON'.

GO HILLARY!!!

GO ALL THE WAY TO THE CONVENTION!!!

GO ALL THE WAY TO THE WHITE HOUSE!!!

GO HILLARY!!!

HILLARY -- it is okay to be 'FEMALE and WHITE' because 'GENDER and RACE' does not matter this election.

VOTE - "MY AMERICAN MAMA" - HILLARY RODHAM CLINTON - PRESIDENT!!!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

VETO--VETO----BARACK HUSSEIN OBAMA.

VETO--VETO----MICHELLE OBAMA.

BOTH ARE OF THE 'ANTI-AMERICA' NATURE.

****************************MUST READ ARTICLE*********************************

****************************MUST READ ARTICLE*********************************

CURTAIN TIME FOR OBAMA...........CURTAIN TIME FOR OBAMA

CURTAIN TIME FOR OBAMA...........CURTAIN TIME FOR OBAMA

GO TO: GO TO: GO TO: GO TO: GO TO: GO TO:

http://www.opednews.com/articles/genera-evenly_p_080512_curtain_time_for_bar.htm

*********************ANOTHER MUST READ ARTICLE****************************

*********************ANOTHER MUST READ ARTICLE****************************

A guilty Rezko could lead up the food chain

Feds clearly poised to go after state's most powerful f-i-g-u-r-e-s

--May 14, 2008

--By Mark Brown, Sun-Times Columnist

--THIS ARTICLE IS LOCATED AT:

http://www.suntimes.com/news/brown/948347,CST-NWS-brown14.article#

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

GO HILLARY!!!!

GO HILLARY!!!!

~~~~~~WHO LET THE DOGS OUT~~~~~~~~

~~~~~~WHO LET THE DOGS OUT~~~~~~~~

Ridiculous

The Hillary index is $20,000,000 debt and continuing to campaign to get the debt paid off before the Democratic Convention.

Go Hillary!

Although both Obama and Clinton have very similar political platforms I believe that HIllary is the more experienced candidate of the two. I agree with eariler comments--I hope the super delegates will open their eyes and get behind Clinton before it's too late. I think she is the right person for the task and can bet McCain in the fall.

I would also like to add that in my opinion and based on my ongoing observations the media (some, not all) has been extremely biased toward her compared to Obama and are partly to blame for her low performance in some of the states I believe she could have and should have won. So I say Go Hillary, don't quit! I admire your strength and courage, which is one of the reasons why I think you should be president.

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About the Capital Commerce Blog

Send an E-mail to capcom@usnews.com.

James Pethokoukis is the money and politics blogger for U.S. News & World Report , where he writes the monthly Capital Commerce magazine column. Pethokoukis is also the assistant managing editor of the magazine's Money & Business section. He has written for many publications including the New York Times, the American, USA Today, Investor's Business Daily, and TCS Daily. Pethokoukis is also an official CNBC contributor and appears frequently on that network's Kudlow & Company, Power Lunch, and The Call shows. In addition, he has appeared numerous times on MSNBC, Fox News Channel, Fox Business Network, CNN, and Nightly Business Report on PBS. A 1989 graduate of Northwestern University where he double majored in Soviet politics and American history and a 1991 graduate of the Medill School of Journalism, Pethokoukis is a 2002 Jeopardy! champion.

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