President’s First 50 Days & Market Changes

As discussed previously, I no more think the 2007-09 crash is Obama’s fault than I believe the 2000-03 Tech wreck was W’s fault. The key forces causing a market collapse were already in motion when each President was sworn in. Others do, and I have suggested these pundits were revealing their own partisan biases rather than making informative commentary about markets.Regardless, this is a fascinating, information filled chart — I am not sure what it means — other than the markets have affected the Obama presidency more than any other presidency:

pres-bear-main.gif Chart by JP Koning http://www.financialgraphart.com/

Previously: Was the ‘00-03 Crash Bush’s Fault? ‘09 Obama’s? (March 5, 2009) http://www.ritholtz.com/blog/2009/03/2000-crash-bush-09-obama/

Markets Are Rorschach Inkbot Tests (March 2, 2009) http://www.ritholtz.com/blog/2009/03/markets-are-rorschach-inkbot-tests/

Experts, Crashes, Media, Skepticism (February 19th, 2009) http://www.ritholtz.com/blog/2009/02/experts-crashes/


Originally published at The Big Picture blog and reproduced here with the author’s permission.