Fully Deluded: Wall Street Rag

Dow Jones Returns by President Since 1929

Posted from Paul Kedrosky's Infectious ... 94 days ago
Fully Deluded : Techno

People seem to be in a historical frame of market mind this weekend, so here is a chart of Dow Jones index returns by U.S. president since Herbert Hoover obtained office in 1929. Note that I have given this result in compound annual terms to compensate for the differing lengths of presidential terms over the period. As an aside, while President Bush is currently running neck-and-neck with Jimmy Carter for the third-worst presidential market returns in history, President Bush is the leader of the pack as far as worst market returns go for two-term U.S. presidents. (original story)