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Tuesday, May 27, 2008

Study: politics impacts stock prices

I'm pretty shocked as well.

Companies with a board member who has ties to a winning political party enjoy a significant bounce in their share price following an election, according to a study released on Monday.

Share prices also rise after an appointment to the board of a politically connected person, according to the study by the Berlin-based European School of Management and Technology.
Funny, cuz i had heard Halliburton did very poorly after Dick Cheney became VP. [/snark]

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