How stocks have fared under 2,000 days of Obama
The market returns are notable, but the most impressive stock gains in history came under another president.
By MSN Money Partner 4 hours ago
Credit: © Kevin Lamarque/Reuters Caption: U.S. President Barack Obama pauses while speaking about the economy in Denver July 9, 2014By Russ Britt, MarketWatch
It's been almost 2,000 days since President Barack Obama entered the Oval Office. We here at MarketWatch thought it would be fitting to measure this milestone against the stock market's performance.
Obama was sworn in amid extreme financial turmoil in January 2009, roughly six weeks before the stock markets hit bottom in the wake of the Great Recession. Pretty much the only direction for stocks to go was up.
How far up, though? More important, how do gains under Obama compare with gains under other presidents who made it to 2,000 days?
Answer: He's in the top half of the eight presidents since the Great Depression whose time in office lasted that long. That can always change, of course. And there's considerable debate over whether he -- or any other president for that matter -- can influence the stock market or whether they're just along for the ride.
"I wouldn't be looking to give the administration a lot of credit for the stock market's (performance)," said Sam Stovall, managing director of U.S. Equity Strategy at S&P Capital IQ. He notes, however, that stocks generally do better under Democrats than Republicans, particularly when stocks start out low.
As of right now, Obama ranks third behind top-finisher Bill Clinton and runner-up Franklin Delano Roosevelt in terms of stock gains, according to our calculations. After Obama, in order, it’s Ronald Reagan, Dwight Eisenhower, Harry Truman, George W. Bush and Richard Nixon. (Yes, Nixon barely made it in this club; he resigned 2,027 days into his presidency amid the Watergate scandal.)
The market returns are notable, but the most impressive stock gains in history came under another president.
By MSN Money Partner 4 hours ago
Credit: © Kevin Lamarque/Reuters Caption: U.S. President Barack Obama pauses while speaking about the economy in Denver July 9, 2014By Russ Britt, MarketWatch
It's been almost 2,000 days since President Barack Obama entered the Oval Office. We here at MarketWatch thought it would be fitting to measure this milestone against the stock market's performance.
Obama was sworn in amid extreme financial turmoil in January 2009, roughly six weeks before the stock markets hit bottom in the wake of the Great Recession. Pretty much the only direction for stocks to go was up.
How far up, though? More important, how do gains under Obama compare with gains under other presidents who made it to 2,000 days?
Answer: He's in the top half of the eight presidents since the Great Depression whose time in office lasted that long. That can always change, of course. And there's considerable debate over whether he -- or any other president for that matter -- can influence the stock market or whether they're just along for the ride.
"I wouldn't be looking to give the administration a lot of credit for the stock market's (performance)," said Sam Stovall, managing director of U.S. Equity Strategy at S&P Capital IQ. He notes, however, that stocks generally do better under Democrats than Republicans, particularly when stocks start out low.
As of right now, Obama ranks third behind top-finisher Bill Clinton and runner-up Franklin Delano Roosevelt in terms of stock gains, according to our calculations. After Obama, in order, it’s Ronald Reagan, Dwight Eisenhower, Harry Truman, George W. Bush and Richard Nixon. (Yes, Nixon barely made it in this club; he resigned 2,027 days into his presidency amid the Watergate scandal.)
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
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Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
