Wednesday, October 06, 2004

Bush/Cheney - Bad For Halliburton

John Edwards played Oliver Stone in last night's debates, going all conspiracy theory about Halliburton. But Bush/Cheney has been bad for Halliburton. Here's a useful factoid:
So, if you bought the John Edwards view of the world, then three and a half years ago when Bush won the election, wouldn’t you have also bought Halliburton stock? If you did, you got hurt. Since Bush’s inauguration, Halliburton’s shares have fallen 11 percent. To put things in perspective, other oil-related industries have risen roughly 36 percent in this time.
But, since the Democrats believe that a Presidency should benefit the President and Vice President financially, if Kerry wins, be sure and buy stock in Heinz.