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Posted by prox, from Charlotte, on November 08, 2008 at 07:07 local (server) time

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?

Comment by Brandon on November 16, 2008 at 20:56 local (server) time

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.  ;)



 


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