Monday, October 24, 2005

Halliburton, Bush, Clinton, and the NYSE

I was reflecting on the fact that Bush has been pretty much an economic disaster, and that relatively few people have prospered under his administration. An exception, however, is Halliburton. I just ran a chart on the tremendously helpful BigCharts site, and got this comparison of Halliburton to the NYSE. As you can see, the NYSE has dropped since W took office, but Halliburton has outperformed the market during the Bush years to the tune of a 70% rise in value.

Now, let's look at the same comparison during the Clinton years.Notice that the NYSE actually went up about 225%? Halliburton, on the other hand, was outperformed by the NYSE, rising only about 160%.

In short, Clinton was good for everybody, but Halliburton failed to keep up with the prosperity. Bush, on the other hand, has been bad for the NYSE as a whole, but Halliburton has thrived (comparatively). Guess which company has the Vice President?


Blogger emawkc said...

Omigod! Look how much Bush and the neocons are in cahoots with Google!


10/26/2005 11:35 AM  

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