How Low Can The Dow Go?

As the Dow continues to drop day after day, I thought it might be telling to look at the market’s reaction to several historical events… (Note elections end after the market closes)

G. W. Bush Elected Nov 7, 2000

11/07/00 – 10,952
11/08/00 – 10,907

9-11-01

09/10/01 – 9,605
09/17/01 – 8,920

Democrats re-take Congress Nov 7, 2006

11/07/06 – 12,156
11/08/06 – 12,176

Government “Helps” Dow Find The Bottom with Bank Bailout:
Dow drops from 10,917 on Sept 15 to 8,852 Oct 17, 2008

Obama Elected Nov 4, 2008

11/04/08 – 9,625
11/05/08 – 9,139

Obama Inaugurated Jan 14, 2009

1/13/09 – 8,448
1/14/09 – 8,200

Obama Stimulus Signed into Law Feb 17, 2009

2/13/09 – 7,850
3/17/09 – 7,552
(Market closed for Presidents Day 2/16/09)

So how is the stimulus doing???  As of Today (Mar 9, 2009) the Dow closed at 6,547.

-13.3% since the “stimulus” was signed.

-20.1% since America’s first black President.

-31.9% since Hope was elected.

-46.2% since Democrats took control of the government (save a lame duck President).