If there were no other auctions this week, he added, the market would have finished with strong gains.
Despite a modest rally on Thursday, the market finished lower for the week.
Blue-chip stocks rallied, but the overall market finished the day mixed.
The market finished the day up more than 300 points to close at 13,411.3, for a 2.3 percent gain.
But many leading markets still finished below their 1991 highs.
During those post-election years, the market has finished down 22 times and up only 19 times.
In Germany, the market finished 7 percent higher, just off its high for the month.
Considering how the week began, though, the market finished with just minimal losses.
Blue-chip stocks rallied in the final half-hour of trading yesterday, but the overall market finished the day mixed.
Nasdaq Index at High While the market did finish higher, it was up even more earlier in the day.