The Dow & The Presidents
January 20, 2008With a little too much time on my hands, I prepared this chart of the Dow Jones Industrial Average since 1900, highlighting the presidents in office at each stage. It’s easy to see why Hoover gets a bad rep.
It’s dangerous to try and read too much from it; in fact, my own opinion is that our choice of Presidents is mostly a reflection of the public’s feeling about the economy, and they don’t affect its direction nearly as much as they would have us believe. Even so, it’s interesting to see the good times and the bad times highlighted this way.
