Who remembers Jan 1995?
- Thread starter WilderMan
- Start date
The cause of this was fundamental.
After 40 years the House of representatives went over to the Republicans 1/20/95
The House is important because they control the budget process.
Newt Gringrich and the Contract with America was a plan to balance the budget and more importantly it was a check on the leftist and reckless Clinton Whitehouse to that date.
Of course, in 5 years Gringrich was successful and politically forced Clinton to the middle and together they balanced the budget.
After 40 years the House of representatives went over to the Republicans 1/20/95
The House is important because they control the budget process.
Newt Gringrich and the Contract with America was a plan to balance the budget and more importantly it was a check on the leftist and reckless Clinton Whitehouse to that date.
Of course, in 5 years Gringrich was successful and politically forced Clinton to the middle and together they balanced the budget.
So, on election of a conservative congress, the market anticipates forthcoming reforms. I could see that. I also notice this break is within 1 yr of the boomer generation average demographic age of 40; any revisions to investment (401k, capital gains, etc...) policy expected or passed at this time?
sure do.made a ton of money that year.
jan and feb were slow.Sometime in march they took off.one of my best years ever.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2242410#post2242410
My chart shows a rally in treasury note futures prices and likely a reduction in USA interest rates about year 1995. I have futures charts that show a bull market in grains and cotton during 1995, maybe there was a drought.