FDR and Obama: Markets Then and Now?

By | TradingMarkets.com | February 24, 2009 10:50 AM

Last night I decided to compare this sell-off to the sell-off after FDR took office.


Since Obama was elected on November 4, 2008 the S&P has dropped 26% through last night, February 23.


In 1932, after FDR was elected, the market dropped until February 27, 1933. It then rose 100% over the next four months.


A bit far fetched but could history repeat itself...?


DOW Chart 1


FDR: Election, Post Election Lows in February, Rally


DOW Chart 2


Obama: Election, Post Election Lows in February ...


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Larry Connors is CEO and Founder of TradingMarkets.com and Connors Research.


Original publication: February 24, 2009
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