The Dow Jones Industrial Average closed below the 10,000 mark for the first time since November 4, 2009. The mark was a psychological barrier, as Wall Street in the last year has been one of the brighter spots in an otherwise gloomy economy.
Here’s some napkin calculations comparing Wall Street performance over the first 54 weeks of a presidential term in recent history.
President |
Inauguration Day
|
2/8 one year later
|
Diff.
|
Pct.
|
Barack Obama |
7949.09
|
9908.39
|
1959.3
|
24.6%
|
Bill Clinton |
3241.95
|
3906.03
|
664.08
|
20.5%
|
George H.W. Bush |
2235.43
|
2644.37
|
408.94
|
18.3%
|
George W. Bush |
10587
|
9744
|
-843
|
-8.0%
|
Ronald Reagan |
950.68
|
833.43
|
-117.25
|
-12.3%
|
Jimmy Carter |
959.03
|
782.66
|
-176.37
|
-18.4%
|