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What is Jim Arguing?
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Wednesday, 13 February 2008
By Charles Delvalle
Last week I wrote an article about Hillary Clinton that got back some spirited responses.  Here is one of my favorites from Jim T.:
Dump this "Charles" guy.  He is an imbecile.
It is ELEMENTARY knowledge that the American stock market does substantially better under Democratic presidents than under the inherited wealth party.

The definitive study was by Santa-Clara and Volkanov in the Journal of Finance in 2002.  The effect is very large and stable over decades.  Many other studies have addressed this well known effect in more fragmentary fashion.

Please tell Charles to stop masturbating this settled issue, if you make the mistake of keeping him on.

Dear Jim,

Thank you for your spirited comments, although I never like being called an “imbecile.”

I have to wonder which article you’re even referring too, though.  The article you commented on said nothing about the stock market doing better or worse under a Democrat.  All I was saying is that I’m not very excited about Hillary or her policies.

In essence, you’re arguing an uncontested point.

And that study you looked into … well, one of its most important findings was that social mood dictates elections.  So if we’re in a recession around an election, society tends to favor change (is it any wonder why Barack Obama is doing so well right now?).

This is socionomics – the theory that the stock market is a barometer for society’s moods.

So forgive me for “masturbating” this issue further.  It’s just that I wanted to clarify exactly what I was saying in last week’s article.

Now hopefully my bosses won’t side with you, or I’m getting a pink slip!

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