When Barack Obama was elected president the U.S. economy and markets were in rough shape.
From the peak in October 2007 through election day the S&P 500 was already in the midst of a 35% drawdown. By the time he was inaugurated in January 2009, the market was down nearly 50% in total.
By March, a Bloomberg opinion piece was calling it the “Obama Bear Market”:
President Barack Obama now has the distinction ... Election Market Overreactions
1 week ago
1 When Barack Obama was elected president the U.S. economy and markets were in rough shape.
From the peak in October 2007 through election day the S&P 500 was already in the midst of a 35% drawdown. By the time he was inaugurated in January 2009, the market was down nearly 50% in total.
By March, a Bloomberg opinion piece was calling it the “Obama Bear Market”:
President Barack Obama now has the distinction ... 
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