re: DOW down 280 points today

Actually I believe this makes 10 out of the last 15 inauguration days that the market has dropped. Against the odds, but interesting.

Apologies to both of you. I should have stated "when power is transferred between the 2 parties"

I do believe history reflects this to be true. To what extent? this I can not answer with out doing more research.

I read an article yesterday that said, i believe, that the worst drop ever on an inauguration day was just over 1%. Until today.

Obamania!

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Not to prolong this any longer than needed, but the article you read is not correct.

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you sure about that? Worst Inauguration Day ever for Dow

I hope you are not using the technicality of the day JFK was shot and counting that as an "Inauguration Day" cuz..... well, that's just tacky.



Here we go:

Last 10 Dow Jones closes on Inauguration Day

George W Bush 01/20/05 -68.5 -0.65%
01/20/01 -9.35 -0.09%
Bill Clinton 01/20/97 10.77 0.16%
01/20/93 -14.04 -0.43%
George H W Bush 01/20/89 -3.75 -0.17%
Ronald Reagan 01/20/85 34.01 2.77%
01/20/81 -20.31 -2.09%
Jimmy Carter 01/20/77 -9.64 -1.00%
Gerald Ford 08/09/74 -7.59 -0.97%
Richard Nixon 01/20/73 -7.38 -0.72%


Obama doubled the previous worst mark in the last 40 yrs. Attaboys all around....

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you sure about that?

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Yes. The article you provided proves this. Reagan's drop was twice what you claim.

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Obama doubled the previous worst mark in the last 40 yrs. Attaboys all around....

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History has shown this to be a repeated event. (see Reagan)

My only reason for posting was to bring light to the fact that market drops on Inauguration Day is commonplace. Your previous post proves my statement to be true.


No offense big guy...I do not have the knowledge others have in the financial markets, but I do have some. I am self-employed and invest in my own work, not the work of others, every day.

we are in meetings today discussing the obama presidency in dallas. If congress forces companies to accept labor unions, we are shutting our doors down and moving overseas.

The ramifications of the Freedom of Choice as long as you choose unions Act are downright scary. Including for small businesses. And we have a pure left-wing nutjob appointed at Sec of Labor.

how far can a dead cat bounce?

again, you have to figure the good ole boy network with Geithner in charge will take care of the insolvent banks no matter what.