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Tuesday, November 26, 2024

The Obama Stock Market is the 4th Best Since 1900 for a First Term President

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Please note this is not a political post. ;)

BespokeInvest has an interesting chart up showing the return of the DJIA in the first “1368 days” of each president since 1900.  For all the whining on Wall Street about Obama policies it’s been a golden era for the market.  To be fair there are two major variables – (a) a very low starting point as Obama began in the throes of a financial crisis and (b) the most dovish central banker in the history of central banking.   But for anyone in Manhattan or Stamford, CT to be complaining about Obama based on stock market performance, is a tad over the top.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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