Comments on: Dow Continues to Slide Under Obama http://macsmind.com/wordpress/2009/02/dow-continues-to-slide-under-obama/ Official Blog of the MacRanger Radio Show on Blog Talk Radio Mon, 21 May 2012 20:55:18 -0500 hourly 1 http://wordpress.org/?v=3.0.3 By: retire05 http://macsmind.com/wordpress/2009/02/dow-continues-to-slide-under-obama/comment-page-1/#comment-38832 retire05 Tue, 24 Feb 2009 02:30:31 +0000 http://macsmind.com/wordpress/2009/02/23/dow-continues-to-slide-under-obama/#comment-38832 A historic look: 1/19/01 Last day of Clinton administration market closes at 10,587.59 9/30/08 Market closes at 10,850.66, down from historic highs of 14,000 but still almost 300 points higher than when Clinton left office. 10/1/09 H.R. 1424 [TARP], written by Patrick Kennedy (D) and Timothy Geither passes. 10/2/08 DJIA drops to 10,482.85 10/3/08 Final draft of H.R. 1424 passed and signed by POTUS after markets closed (a Friday). 10/6-10/10 Market drops 1,874.18 points to 8,451.19 10/14/08 Paulson announces, after market closing, that the goverment will buy up the senior perferred stocks in 9 banks. 10/15/08 Market drops another 733.08 and continues to drop to end October at 8,175.77 11/4/08 Market rebounds in three weeks to close at 9,625.28 before election results announced only to continue to drop to 8,281.22 on Jan. 16, the last market day before inauguration. 2/13/09 H.R. 1 (Stimulus Bill) is passes after market closed at 7,850.40 and dropped an additional 735.62 points within five trading days. Today the market closed at 7114.78, down almost 33% since 9/30/08 and down 26% since election day. Can Congress and the President please go on a very, VERY extended vacation? A historic look:

1/19/01 Last day of Clinton administration market closes at 10,587.59

9/30/08 Market closes at 10,850.66, down from historic highs of 14,000 but still almost 300 points higher than when Clinton left office.

10/1/09 H.R. 1424 [TARP], written by Patrick Kennedy (D) and Timothy Geither passes.

10/2/08 DJIA drops to 10,482.85

10/3/08 Final draft of H.R. 1424 passed and signed by POTUS after markets closed (a Friday).

10/6-10/10 Market drops 1,874.18 points to 8,451.19

10/14/08 Paulson announces, after market closing, that the goverment will buy up the senior perferred stocks in 9 banks.

10/15/08 Market drops another 733.08 and continues to drop to end October at 8,175.77

11/4/08 Market rebounds in three weeks to close at 9,625.28 before election results announced only to continue to drop to 8,281.22 on Jan. 16, the last market day before inauguration.

2/13/09 H.R. 1 (Stimulus Bill) is passes after market closed at 7,850.40 and dropped an additional 735.62 points within five trading days.

Today the market closed at 7114.78, down almost 33% since 9/30/08 and down 26% since election day.

Can Congress and the President please go on a very, VERY extended vacation?

]]>