The following table shows the percentage rise or decline in the
Dow Jones industrial average .DJI, Standard & Poor's 500 index
.SPX and Nasdaq composite index .IXIC on the day after a U.S
presidential election and who won the Election Day vote.
Year Dow S&P Nasdaq President elect
2008 -5.05 -5.27 -5.53 Barack Obama
2004 +1.01 +1.12 +0.98 George W. Bush
2000 -0.41 -1.58 -5.39 No decision: G.W. Bush v Al Gore*
1996 +1.59 +1.46 +1.34 William Clinton
1992 -0.91 -0.67 +0.16 William Clinton
1988 -0.43 -0.66 -0.29 George H. W. Bush
1984 -0.88 -0.73 -0.32 Ronald Reagan
1980 +1.70 +1.77 +1.49 Ronald Reagan
1976 -0.99 -1.14 -1.12 James Carter
1972 -0.11 -0.55 -0.39 Richard Nixon
1968 +0.34 +0.16 --- Richard Nixon
1964 -0.19 -0.05 --- Lyndon Johnson
1960 +0.77 +0.44 --- John Kennedy
1956 -0.85 -1.03 --- Dwight Eisenhower
1952 +0.40 +0.28 --- Dwight Eisenhower
1948 -3.85 -4.15 --- Harry Truman
1944 -0.27 0.00 --- Franklin Roosevelt
1940 -2.39 -3.14 --- Franklin Roosevelt
1936 +2.26 +1.40 --- Franklin Roosevelt
1932 -4.51 -2.67 --- Franklin Roosevelt
1928 +1.20 +1.77 --- Herbert Hoover
1924 +1.17 --- --- Calvin Coolidge
1920 -0.57 --- --- Warren Harding
1916 -0.35 --- --- Woodrow Wilson
1912 +1.83 --- --- Woodrow Wilson
1908 +2.38 --- --- William Taft
1904 +1.30 --- --- Theodore Roosevelt
1900 +3.33 --- --- William McKinley
1896 +4.54 --- --- William McKinley
* George W. Bush ultimately was determined the winner of the 2000
election.
Source: Reuters EcoWin
Wednesday, November 5, 2008
Reuters: Market Reacts to Obama With Record Post-Election Plunge
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How many of those presidents were elected during an economic crisis? And why doesn't your analysis account for other factors (such as the market performance the previous day)?
ReplyDeleteMore importantly, you don't discuss anywhere on your blog the fact that your projections were spectacularly wrong. Why is that?
Obama sure has a long road ahead of him...I think a lot of the public will be disappointed in the months and years to come after they realize the separation and the division that Obama and the elite socialist illuminati will bring into our country...not to mention what he will do to our economy!
ReplyDeletePeople saw the world going down in flames right before your eyes. With the left-wing illuminati in power, people are taking their money out before the socialist can give it away.
ReplyDeleteJamie: Ronald Reagan, Bill Clinton and Franklin Roosevelt are 3 names that come to mind. Especially Franklin Roosevelt.
ReplyDeleteAnd about my projection, it is still on my blog. I have made no attempt to hide it as you are implying. Go to my archives and you will find it if you go to November 4.
If you want me to discuss it, all I have to say is that the single women's vote swung much further to Obama than I thought it would. Just think how large a voting block that is. Even people who took the safe route and predicted Obama would win were surprised by his share of the single women's vote.
Thanks
Knowitall: I don't know if you are serious or not, but I would not use the word Illuminati if I were you. People often hear that word and just tune people out. Besides, I have heard so many different definitions of that word, I'm not really sure what you mean by your post.
ReplyDeleteThanks