Some investors said a divided government would prevent either party from controlling the economic agenda, clearing the way for corporate earnings and economic data to influence shares.
``A stalemate between the president and the Congress is usually a fairly bullish thing,'' said Barton Biggs, who helps manage $1.6 billion at Traxis Partners LLC in New York. ``The fundamentals are what's going to drive this market, not the political events that just happened.''
