markets move on the unexpected and clearly what happened over the last 48 hours or so in india was very unexpected. we came out of that weekend expecting a landslide and by tuesday, it was clear that wasn t going to be the case and that we were actually back to the sort of coalition politics. now, that kind of gridlock historically has actually been quite good for stock markets. the analysis we have done on both the uk and the us markets show that actually when governments have less power, that can sometimes be quite good for stock market growth. indeed, the analysis we have done shows that markets are pretty nonpartisan in the long run. i did some analysis of the uk stock market over the last 60 years and there have been four parliament is where the markets really did well and it is evenly split between labour
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