Wall Street Has Worst-Election-Week-Ever

Obama talked on the economy today.
It probably didn’t help Obama having Michigan governor Jennifer Granholm, who has led her state into a single-state recession for the past 5 years, to join him at his press conference.

U.S. President-elect Barack Obama answers a question in front of Vice President-elect Joe Biden (L), and Michigan Governor, Jennifer Granholm today in Washington DC. (Reuters)

Wall Street reacted to the election of Barack Obama this week by crashing.
Reuters and Drudge reported:

Year Dow S&P Nasdaq President elect

2008 -7.08 -7.43 -7.46 Barack Obama
2004 +3.51 +3.15 +2.73 George W. Bush
2000 -3.19 -4.60 -11.32 No decision: G.W. Bush v Al Gore*
1996 +2.28 +2.34 +2.31 William Clinton
1992 -0.38 -0.56 +2.02 William Clinton
1988 -2.84 -2.63 -1.34 George H. W. Bush
1984 -2.02 -1.65 -0.42 Ronald Reagan
1980 -0.51 +0.11 +0.19 Ronald Reagan
1976 -2.38 -2.21 -1.02 James Carter
1972 +1.06 -0.22 -0.34 Richard Nixon
1968 +1.35 +0.82 — Richard Nixon
1964 +0.16 +0.06 — Lyndon Johnson
1960 +1.84 +1.38 — John Kennedy
1956 -2.02 -2.65 — Dwight Eisenhower
1952 +1.20 +0.73 — Dwight Eisenhower
1948 -6.00 -7.16 — Harry Truman
1944 +0.11 +0.31 — Franklin Roosevelt
1940 +1.06 +0.81 — Franklin Roosevelt
1936 +2.79 +1.40 — Franklin Roosevelt
1932 +5.34 +8.02 — Franklin Roosevelt
1928 +2.13 +1.99 — Herbert Hoover
1924 +0.93 — — Calvin Coolidge
1920 -2.34 — — Warren Harding
1916 +0.41 — — Woodrow Wilson
1912 +1.13 — — Woodrow Wilson
1908 +5.28 — — William Taft
1904 +2.75 — — Theodore Roosevelt
1900 +7.03 — — William McKinley
1896 +5.86 — — William McKinley

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