15 Oct 2021 4:08 pm
But that doesn't prove anything...2008-March 2009 had many 5%+ drops.Blackvegetable » 15 Oct 2021, 11:34 am » wrote: ↑ When former President Barack Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) continued its credit crisis slump and fell to 7,949.09, the lowest inaugural performance (as measured by percentage drop) for the Dow since its creation in 1896.1 The S&P 500 and the Nasdaq took similar hits on inauguration day, dropping 5.3% and 5.8%, respectively.2 3
https://www.investopedia.com/ask/answer ... office.asp
Also the argument is flimsy since we already knew Obama was going to become President in November 2008 (barring some extremely unlikely event).