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Worst Dow Drop Since Election Meant Rally in ’33



January 20, 2009 – Comments (1)

Jan. 20 (Bloomberg) -- The Dow Jones Industrial Average fell 14 percent between Barack Obama’s election and Inauguration Day, the biggest decline ever. The second-biggest drop gave way to a 75 percent rally in 1933.

[Bloomberg link]

I thought it was an interesting enough story to repost here.  I'd have put the entire article if I knew how to embed the chart.  Check out the chart!

1 Comments – Post Your Own

#1) On January 20, 2009 at 3:46 PM, djemonk (< 20) wrote:

I'm okay with a market drop if it means taking steps to repair the country.  The market is not equal to the country's economy.

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