Real life has been interferring with my online time lately (I hate it when that happens). But I just had to stop by to note this chortle-wortht item: a list of post election stock market returns which reveals that the Hanging Chad Fracas had less of a negative impact than the Specter of ObaMarxism:
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
ObaMarxism – the most depressing post presidential election effect since records were kept – sounds about right to Moi.
