Monday, August 1, 2011

The Sarcasm Report v.118

August 1, 2011
DJIA always climbs before U.S. presidential elections

The Dow Jones industrial average has posted average gains of 12% in years before presidential elections since its creation in 1896 and advanced the last 17 times, according to data compiled by Bloomberg and Dow Jones.

If the DJIA was created in 1896 and it "always climbs" in years before presidential elections then shouldn't it have advanced more than "17 times" in a row? That's probably just the math conspirator in me talking though.

What happened 18 times ago? The world may never know! Oh wait. The world can know. Never mind.

DJIA close on 12/30/38: 154.36
DJIA close on 12/29/39: 149.99

So much for that "always climbs" theory.

Dictionary.com: Always

"every time; on every occasion; without exception"

United States presidential election, 1940

The United States presidential election of 1940 was fought in the shadow of World War II (in Europe) as the United States was emerging from the Great Depression.

Good thing we're not emerging from a Great Depression now. Further, Europe is in great shape. One would certainly not accuse the Germans of attacking Greece again. See? It's not even remotely the same.

Source Data:
Yahoo Finance: DJIA Historical Prices

4 comments:

getyourselfconnected said...

Nice.

Stagflationary Mark said...

GYSC,

It is ALWAYS nice. There are no exceptions! ;)

Tomorrow (annie) Lyrics

Bet your bottom dollar!

Mr Slippery said...

You mean you don't bet it all based on who won the Superbowl or the current length of skirts?

word verification: flate

I don't know if that augers inflation or deflation or both, but we will surely flate.

Stagflationary Mark said...

Mr Slippery,

Holy 'flatin Batman!

Things were afoot while I slept.