Thursday, November 6, 2008

The BADLY Effect?

After rallying for the best election day gain since Reagan's 1984 drubbing of Mondale, the stock market tumbled into the worst post-election day plunge in history. Here's a list of post-election day market performances (by %), some of which may indicate "buyer's remorse":





YEAR DOW S&P NASDAQ PRESIDENT-ELECT
2008 -5.05 -5.27 -5.53 Obama
2004 +1.01 +1.12 +0.98 G.W. Bush
2000 -0.41 -1.58 -5.39 G.W. Bush vs. Al Gore*
1996 +1.59 +1.46 +1.34 Clinton
1992 -0.91 -0.67 +0.16 Clinton
1988 -0.43 -0.66 -0.29 G.H.W. Bush
1984 -0.88 -0.73 -0.32 Reagan
1980 +1.70 +1.77 +1.49 Reagan
1976 -0.99 -1.14 -1.12 Carter
1972 -0.11 -0.55 -0.39 Nixon
1968 +0.34 +0.16 --- Nixon
1964 -0.19 -0.05 --- Johnson
1960 +0.77 +0.44 --- Kennedy
1956 -0.85 -1.03 --- Eisenhower
1952 +0.40 +0.28 --- Eisenhower
1948 -3.85 -4.15 --- Truman
1944 -0.27 0.00 --- F. Roosevelt
1940 -2.39 -3.14 --- F. Roosevelt
1936 +2.26 +1.40 --- F. Roosevelt
1932 -4.51 -2.67 --- F. Roosevelt
1928 +1.20 +1.77 --- Hoover
1924 +1.17 --- --- Coolidge
1920 -0.57 --- --- Harding
1916 -0.35 --- --- Wilson
1912 +1.83 --- --- Wilson
1908 +2.38 --- --- Taft
1904 +1.30 --- --- T. Roosevelt
1900 +3.33 --- --- McKinley
1896 +4.54 --- --- McKinley

* George W. Bush ultimately won the 2000 election.

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