Wednesday, November 5, 2008

Largest Market Crash following US election in History!

Buyers ran for the exits as declines lead advances 4 to 1.  It was the largest percentage drop following a presidential election in 112 years of data (shown below) according to Reuters.com.  In fact, we have to go all the way back to 1932, during the depression, to find numbers anywhere close to today's blowout.  

The US is having a fire sale on its corporations, yet a ton of foreign money sits on the sidelines.  The magnitude of today’s market direction speaks volumes about the lack of confidence the global business community now has in this country. 

Year   Dow    S&P    Nasdaq  President elect

2008  -5.05  -5.27   -5.53   Barack Hussein Obama

2004  +1.01  +1.12   +0.98   George W. Bush

2000  -0.41  -1.58   -5.39   No decision: G.W. Bush v Al Gore*

1996  +1.59  +1.46   +1.34   William Clinton

1992  -0.91  -0.67   +0.16   William Clinton

1988  -0.43  -0.66   -0.29   George H. W. Bush

1984  -0.88  -0.73   -0.32   Ronald Reagan

1980  +1.70  +1.77   +1.49   Ronald Reagan

1976  -0.99  -1.14   -1.12   James Carter

1972  -0.11  -0.55   -0.39   Richard Nixon

1968  +0.34  +0.16    ---    Richard Nixon

1964  -0.19  -0.05    ---    Lyndon Johnson

1960  +0.77  +0.44    ---    John Kennedy

1956  -0.85  -1.03    ---    Dwight Eisenhower

1952  +0.40  +0.28    ---    Dwight Eisenhower

1948  -3.85  -4.15    ---    Harry Truman

1944  -0.27   0.00    ---    Franklin Roosevelt

1940  -2.39  -3.14    ---    Franklin Roosevelt

1936  +2.26  +1.40    ---    Franklin Roosevelt

1932  -4.51  -2.67    ---    Franklin Roosevelt

1928  +1.20  +1.77    ---    Herbert Hoover

1924  +1.17   ---     ---    Calvin Coolidge

1920  -0.57   ---     ---    Warren Harding

1916  -0.35   ---     ---    Woodrow Wilson

1912  +1.83   ---     ---    Woodrow Wilson

1908  +2.38   ---     ---    William Taft

1904  +1.30   ---     ---    Theodore Roosevelt

1900  +3.33   ---     ---    William McKinley

1896  +4.54   ---     ---    William McKinley

* George W. Bush ultimately was determined the winner of the

2000 election.

Source: Reuters EcoWin


Posted by Kristin at 7:28 PM

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1 comment:

  1. Mark WiehenstroerNovember 7, 2008 at 10:57 AM

    Thanks Kristen - another take on this day after election market results (DJIA only) can be found at the Minyanville web site - http://www.minyanville.com/articles/dow-SP500-president--democrat-returns/index/a/19871 . There's a lot of money not being invested in our markets (or probably anywhere for that matter) and just sitting on the sidelines. A big wait and see game while more data is being collected and analyzed. Comparisons are being made to markets in the past but this one somehow looks different. I'm no expert by any stretch but I get worried when I see the "experts" scratching their heads.

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