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Historic milestone: The Obama Bear Market


RudyH

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March 6 (Bloomberg) -- President Barack Obama now has the distinction of presiding over his own bear market.

 

The Dow Jones Industrial Average fell 20 percent since Inauguration Day, the fastest drop under a new president in at least 90 years, according to data compiled by Bloomberg. The gauge has lost 53 percent from its October 2007 record of 14,164.53, slipping 4.1 percent to 6,594.44 yesterday.

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=aGJ_.gr_awkY&refer=home

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