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Apparently, the stock market had its worst ever reaction to a presidental election, this year. Percentage rise or decline for the last three days of the election week:
Year Dow S&P Nasdaq President elect 2008 -7.08 -7.43 -7.46 Barack Obama 2004 +3.51 +3.15 +2.73 George W. Bush 2000 -3.19 -4.60 -11.32 No decision: G.W. Bush v Al Gore* 1996 +2.28 +2.34 +2.31 William Clinton 1992 -0.38 -0.56 +2.02 William Clinton 1988 -2.84 -2.63 -1.34 George H. W. Bush 1984 -2.02 -1.65 -0.42 Ronald Reagan 1980 -0.51 +0.11 +0.19 Ronald Reagan 1976 -2.38 -2.21 -1.02 James Carter 1972 +1.06 -0.22 -0.34 Richard Nixon 1968 +1.35 +0.82 --- Richard Nixon 1964 +0.16 +0.06 --- Lyndon Johnson 1960 +1.84 +1.38 --- John Kennedy 1956 -2.02 -2.65 --- Dwight Eisenhower 1952 +1.20 +0.73 --- Dwight Eisenhower 1948 -6.00 -7.16 --- Harry Truman 1944 +0.11 +0.31 --- Franklin Roosevelt 1940 +1.06 +0.81 --- Franklin Roosevelt 1936 +2.79 +1.40 --- Franklin Roosevelt 1932 +5.34 +8.02 --- Franklin Roosevelt 1928 +2.13 +1.99 --- Herbert Hoover 1924 +0.93 --- --- Calvin Coolidge 1920 -2.34 --- --- Warren Harding 1916 +0.41 --- --- Woodrow Wilson 1912 +1.13 --- --- Woodrow Wilson 1908 +5.28 --- --- William Taft 1904 +2.75 --- --- Theodore Roosevelt 1900 +7.03 --- --- William McKinley 1896 +5.86 --- --- William McKinley
Source: http://uk.reuters.com/article/usMktRpt/idUKN0748885920081107
Just sayin'. I'm sure it's circumstantial. Or, taste of things to come?
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Post hoc ergo propter hoc.
I'm sure some are promoting this as an indication of things to come. Obviously, that's not fair. But, if it serves the purpose. ;)