[Ayoob]

Section C, the story was on the front page of C. It was the one about whether DOW performance was linked to the incumbent keeping his job.

The article blathers on for a while about whether a .26% move or a .84% move would be enough to unseat W. If you followed the story to C4 and read the very last paragraph, there were comments from a Waddell and Reed mutual fund manager (I think) who said that trying to trade the market on a bush win vs a kerry win would influence the market was a lost cause. Further, he said he's watching oil prices. He said that if oil closes above $50 for the next two months, then the ECONOMY HAS PEAKED, and therefore so has THE STOCK MARKET.

Buried in column 4, page 4, section C.

Anybody have a copy of the Journal from today? I didn't keep the section and can't quote it exactly. I'd love it if somebody had a copy and could quote the relevant section.

[Jack]

Sure!

$this->bbcode_second_pass_quote('', 'I')n the end, oil matters more than slick politicians, says Henry Herrmann, chief investment officer at mutual-fund group Waddell & Reed in Overland Park, Kan. "The election hasn't played a major role in our thinking because it is so hard to figure out the answer, and trying to play it in any way is probably a fool's errand. But if oil continues to accelerate or hangs in here for another month or two, I think the economy has peaked and probably the market has peaked."