Obama and the stock market
Interesting factoid from the people at the Wilshire 5000 index:
Since President Obama's swearing in Jan. 20th, the Wilshire index gained 7.9 percent. That's better than the first 100-day return of all recent presidents except for one: George H.W. Bush.
The scorecard for the first 100 days:
Ronald Reagan first term 4.0%
Reagan's second term 3.8%
George H. W. Bush 9.1%
Bill Clinton first term 1.2%
Clinton's second term 0.5%
George W. Bush -2.3%
Bush's second term -1.2%
Barack Obama through April 28 7.9%
Comments
Statistics are like loose women, you can do anythig you want with them and it doesn't mean anything.
Posted by: Pelham | April 29, 2009 3:56 PM
Are all of these numbers gains? You have minus signs (or hyphens?) next to all of these percentages with the exception of Clinton's second term, but you state that the index gained 7.9% in Obama's first 100 days.
Ooops, good catch. I'll clean that up. It is a gain.
Posted by: MCG | April 29, 2009 4:10 PM