Quote:
Originally Posted by coralway
The DOW is up about 63% under this administration.
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Actually, it's better than that.
Poke Here
Quote:
Bouncing back from the Great Recession, the Dow Jones Industrial Average soared 71.7% from January 20, 2009, until Friday, the second best performance under a presidential first term since FDR in 1937, according to Dow Jones.
When Obama took the oath of office, the stock market was severely beaten down, trading at decade lows due to the economic chaos caused by the worst financial crisis since the Great Depression.
Stock prices initially tumbled on his watch, dropping another 18.6% to as low as 6469 in March 2009 as investors feared another depression.
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And if you count the low seen a few months after he was sworn in (due to momentum) ....... it is up over 100%.
Having said that, I don't see stocks continuing the next 3-4 years.....the way they have in the last 4-5 years.
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