“It's hard to argue we're at a major low where everybody hates stocks, where everything is washed out and balance sheets are totally cleaned up -- all those things that occur when we get to a major low,”
“Even then, you're only talking about 26 [election years], which is not that many, statistically speaking. We don't rely on these historical averages by any means.”
“There could be just a lot back and forth and not a lot of net progress, ... and that wouldn't be all that unusual in an election year, particularly if the incumbent party does not get re-elected.”
