Here we are in the middle of June, in the third year of a presidential cycle, and no one is talking of its historical bullish implications. Despite all the present gloom and doom about the economy and the stock market, here's something to remember. There has never been a negative return in the stock market during the third year of any president's four-year term since 1939.

Sure, there could always be a first time. And if you look at the historical data and compare it to this cycle, you can understand why. Usually, the year immediately following a president's election is negative. Barak Obama's first year, however, was extremely positive. The stock market lows were put in March of that

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