Over at Balkinization, political scientist professor Mark Graber asks a reasonable question.
My down and dirty research indicates that the Dow Jones Industrial Average has more than doubled while President Obama has been in office. The Dow began the day at 17,044. When Obama took office, the Dow was at 7,949. The result is unprecedented gains for anyone slightly above middle-class or better. Is there any reason why no one refers to the remarkable returns on investments (include 401(k)’s) as “the Obama Market?”
I think we all have our theories…..