Thursday, November 06, 2008

Market performance 2000

The market in 2000 in the wake of Bush's election:
Margin-call selling into a collapsing market kept pressuring the Nasdaq index to a bottom of 2332.78 on December 20, just days after the Supreme Court resolved the presidential election in favor of George W. Bush.

In 2001, the Dow Jones Industrial Average fell 7.1% more, closing the year at 10021.50, but it could have been far worse. By March of that year, according to the National Bureau of Economic Research (NBER), the economy had slipped into what by historical standards was a shorter-than-average recession, which might have ended sooner if not for the atrocities committed on September 11.

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