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<a href="http://www.accessmylibrary.com/article-1G1-131003288/prosperity-killer-investors-opposition.html" title="Facts and information about The prosperity killer.(investors' opposition to candidate John F. Kerry)">The prosperity killer.(investors' opposition to candidate John F. Kerry)</a>
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The prosperity killer.(investors' opposition to candidate John F. Kerry)
IT'S hard to remember the last time Wall Street was as repelled by a presidential candidate as it is by John Kerry. Many stock analysts are convinced that the mere threat of a Kerry presidency has caused equity values to slump in the past two months. "No one wants to make major investments in the wake of a presidential candidate whose economic agenda would substantially raise taxes on investment and thus substantially raise the cost of capital in America," says investment specialist Robert Grusky of New Mountain Capital.
What Grusky is referring to here is the Kerry-Edwards risk factor. Efficient markets trade ahead of anticipated policy developments. A new ...
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Source: HighBeam Research, The prosperity killer.(investors' opposition to candidate John F....