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Which President is Good for Stocks?
Who's worse for the stock market, Bush or Obama?
The market offers equal opportunity for each camp to cause investors to lose money.
Obama's inauguration was the worst inaugural day performance in history. The Dow swooned, falling 4 percent, more than 300 points. It's still hovering around where it landed that day, at 7,949.09
But what about Bush?
(Hint, markets duriing the previous presidency suffered from the tech stock bubble bursting, 9/11 and today's mortgage/housing/credit meltdown)
Wilshire Assocates provided this data on the very broad market index, the Dow Jones Wilshire 5000. The annualized total returns are:
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Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...
Comments
Bobblehead idiot reporter. Hint: democrats are responsible for both stock market collapses Bush had to endure. Hint: under Bush's presidency, the DOW hit 14,000, something it had never done before. Hint: get a life.
Posted by: Justin | February 6, 2009 4:55 PM