Wednesday, March 18, 2009

Dumb Metrics

Ridiculing conservatives' obsession with gauging the Obama presidency based upon the performance of the DOW Jones index, Nate Silver notes that the market is now above where it was when Obama took office.

Well, two can play that game, of course. So here's another one for you. How much money would you have today if you'd placed $1000.00 in the DOW when Obama recommended buying stocks, on March 3 of this year?

(answer following the graphic)

The answer: $1112.99

Following Obama's advice you'd have made a 11% return on your investment in just over two weeks. Not bad. I think we've found Jim Cramer's replacement should the Mad Money guru decide to call it a day.


Jim said...

Great post. I'll take 11%. I've noticed the Republicans have been rather quite lately about the stock market. If they're going to blame Obama for the down days then they need to give him credit for the gains as well.

There are some who call me... Tim said...

...just as the repubs were quiet about the Democratic Congress after gas dropped from >$4 to <$2/gal.

Tom Bucceri said...

Look where the Nasdaq was just before Bush took office--2770. The day he left it was 1440, a 42% decline!

Anonymous said...

Well, duh. Their criticisms aren't meant to be taken seriously, they're just making noise. Looking for consistency in their message is a waste of time.

yellojkt said...

And how much money did I lose during the Dubya Administration? Durn near all of it.

Jason_M said...

Typical pump. Obama pitches stocks; people buy. Now just wait for him to sell his secret holdings and watch the market crash.

BeyondKen said...

Republicans have been rather 'quite' for a long time. The reason why?

During the Clinton administration the stock market gained 210%.
(More than tripling your money according to the S&P 500)

During the Carter administration the stock market gained 30%.

During the Kennedy/Johnson administration the stock market gained 68%.

During the Bush administration the stock market lost 40% of its value.

During the Nixon administration the stock market lost 4% of its value.