Sunday, October 21, 2007
Black Monday
Friday, October 19, 2007, was the 20th anniversay of Black Monday, October 19, 1987, when the stock market (NYSE: New York Stock Exchange, is what we usually mean by "stock market") took, to be polite, a dip.
The Stock Market under Democratic & Republican administrations:
President Party Date Months in Office Annualized Stock Return
Truman D 11/48-10/52 48 18.28%
Eisenhower R 11/52-10/60 96 14.96%
Kennedy D 11/60-10/63 36 15.15%
Johnson D 11/63-10/68 60 10.39%
Nixon R 11/68-7/74 69 -1.32%
Ford R 8/74-10/76 27 17.21%
Carter D 11/76-10/80 48 11.04%
Reagan R 11/80-10/88 96 15.18%
Bush R 11/88-10/92 48 14.44%
Clinton D 11/92-10/00 96 19%
Bush, G.W. R 11/00-2/06 63 -0.92%
Average from 1948 to Feb. 2006
Democrat 42.8% 15.26%
Republican 57.2% 9.53%
Overall 100% 11.95%
Source of this table: http://finance.yahoo.com/columnist/article/futureinvest/3022
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