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Even in liberal states, the markets do not act completely detached from politics and regulatory requirements. Politics and business go hand in hand, and so do politics and the performance of stock markets. While it is not always clear who is actually following whom (stock markets are following politics or politics are following stock markets), it is the fact, at least in the USA, that in the majority of cases the politics were accompanied by bull markets. This can be seen in the course of the S&P 500 (