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

Previously: Was the ‘00-03 Crash Bush’s Fault? ‘09 Obama’s? (March 5, 2009)

Markets Are Rorschach Inkbot Tests (March 2, 2009)

Experts, Crashes, Media, Skepticism (February 19th, 2009)

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