Cross posted at: www.thepoliticalclass.com
Dow Jones Average at end of Obama’s first year in office. Back to the Future – of 1985.
Pictured above is a graph of the Dow Jones Industrial Average since the time Barack Obama was elected. The headline this afternoon is that the Dow Jones Average is down another 200 points. Story here.
Can it keep going down at this rate? And if so what would it look like at the end of Obama’s first term?
NEW YORK (AP) — The Dow Jones industrial average has fallen another 200 points today on new concerns about the stability of General Motors and the ongoing uncertainty about the financial system. In afternoon trading, the Dow is down 228.35, or 3.32 percent, to 6,647.49, a low not seen since April 1997.
The DJI has lost an average of .45% per day since January 20th, 2009. At this rate the DJI would fall to 1560 by the end of Obama’s first year in office. Chart below.
The last time the Dow Jones Average was down in that territory the most popular movie in theaters for the last few months was….Back to the Future.
How many Americans would like to go back to November 9th, 2008 and vote again?