Thursday, May 6, 2010

Election Day!

I guess Monday's looming exam weighs more heavily on your minds, but if you want a light hearted distraction related to the course, the Guardian is reporting that 18 of the last 20 UK elections have been correctly predicted by the US stock market, the Dow Jones.

Recall that stock markets reflect confidence in the economy, and hence can often be seen as a barometer of economic sentiment. Left-wing parties have often been seen as bad for the economy and hence the stock market may fall on expectation of a left-wing party gaining power.

So this Guardian reporter suggests that the US stock market predicts a hung parliament, but the FTSE predicts a Tory majority. We'll have to see. I could wax lyrical on what the FTSE movements mean, but I won't.

I'll vote Labour later on today, and hope for the sake of the economy that the Tories don't get that majority...

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