Post-election political gridlock expected to benefit Wall Street

us market

political changes create positive backdrop as investor confidence remains intact

Wall Street is expected to benefit from the Democrat's recent mid-term election victory and continue its record gains of recent months. Fund managers say legislative gridlock can only be good for the market as investors take confidence from the fact lawmakers will stay out of business interests. Last week's elections saw Democrats wrest control from Republicans in both the House of Representatives and Senate, leaving President Bush with no majority to rely upon in either house. Rupert Della Porta, manager of the F&C North American fund, said history shows that, during periods of politica...