FDR and Obama: Markets Then and Now?
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…?
FDR: Election, Post Election Lows in February, Rally
Obama: Election, Post Election Lows in February …
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Larry Connors is CEO and Founder of TradingMarkets.com and Connors Research.