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		Home Page Mortgage News You Can Use Finance: Election Year Investing Part Two Sat February 14, 2004 04:46 PM ET It's no coincidence that the only year-end election year stock market loss in the last half century occurred in 2000, when the results of the election were up in the air for weeks following the election. -- Boom times can be bad for bonds, but this may not be one of them. Fulton's point is valid; the Fed policymakers typically don't like to influence elections with actions, even if their lack of action does affect the election. She is flat-out predicting that rates will remain pretty stable until December 14, when the Fed holds its first post-election policy meeting. That means bonds should be somewhat safe from rate hikes (and subsequent price drops) before then. But before going long on bonds, remember that long-term interest rates can go up without the Fed's help: Should long-term lenders, such as mortgage bankers, perceive reviving inflation, they could raise rates (and hurt bondholders) on their own. -- Some sectors may do better than others. Health care and software stocks tend to do well in election years, Hirsch notes. And those are the same kinds of companies that can do well in an economic recovery. His bottom line? It's a good year for careful, cautious investing. Keep one eye on the news, one eye on the polls, and your money within careful reach.   Back to Original Article: News You Can Use
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