Under Obama Stock Market Sees Worst First Quarter Since 1939
President Obama keeps racking up a dreadful record:
** The stock market had its worst January in 113 years.
** The stock market had its worst February since 1933.
** The Dow has dropped faster under Obama than any other new president in 90 years.
** In March the dollar saw its worst drop in value in 25 years.
** And, today we found out that the stock market had its the worst first quarter since 1939.
The Dow Jones Industrial Average finished the first quarter of 2009 down 13%.
The Wall Street Journal reported:
The Dow Jones Industrial Average finished the first quarter of 2009 at 7608.92, down 13%. Although it rose 7.7% in March and finished with a 1.2% one-day gain on Tuesday, that wasn’t enough to pull it out of its slump. The string of quarterly declines was the longest stretch since the six quarters that ended in June 1970 and the worst first quarter in percentage terms since 1939. The Standard & Poor’s 500-stock index, meanwhile, lost 12% in the quarter.