Get your election results on the big board

WASHINGTON, Oct. 23 (UPI) -- Watching the Dow Jones industrial average Nov. 5 may be one way to verify the outcome of the U.S. presidential election, stock analysts say.

Generally, Wall Street favors a Republican victory at the polls, Politico reported Thursday. But, the results of a Democratic victory this year could be muted on market indexes, since Democratic candidate Sen. Barack Obama is already expected to win, analysts said.

"Potentially, you could see a one or two-day rally on a McCain victory, and not much of a reaction if Obama wins, because that's what's expected at this point," Justin Fishkin, at The Cypress Group, told Politico.

"The bigger question is whether (Treasury Secretary) Hank Paulson and his team will stay on at Treasury or a new team will try to implement and execute the recovery plan," Fishkin added.

The historic evidence is not particularly clear.

The Dow Jones industrial average fell 29 points after Bill Clinton's first presidential victory in 1992 and rose 96 points on his reelection in 1996. The pattern repeated itself with George W. Bush's first and second presidential elections, falling 45 points on Nov. 6, 2000, when the election results were still unclear and rising 101 points when he was reelected in 2004.