The above graph shows the Dow Jones Industrial Average while Obama has been in office. Since the close of market on innauguration day, it has dropped from 7949.09 to 7924.56 or 24.53 points, which comes out to an average loss of about .377 points per day (compared to an average daily loss of about 1.23 points when Bush was President). Do these numbers mean anything particularly meaningful?
Not really. Well, they do suggest a few things. Anybody talking about how the stock market hates Obama’s broad policy goals is either confused or lying. The recent uptick in the stock market might tempt people to start talking a bit prematurely about recovery. Did the stimulus work? It’s still way too soon to tell.