Stock market 2015: why a lame duck Obama presidency could be good for the Dow, S&P 500
- 9 years ago
This year could be a bumper year for stocks. That’s because 2015 is the third year of President Barack Obama’s second term, and stocks typically outperform in a presidency’s third year.
In the third year of Obama’s first term, the Dow Jones Industrial Average rose 5 and a half per cent. For George W Bush, the Dow rose 25 per cent in the third year of his first term, and 6 per cent in the third year of his second term.
Why is the third-year of a president’s term good for stocks? Lame duck presidents don’t want to rock the boat too much before an election, so they tend to let business be business.
Republican or Democrat -- it doesn’t seem to matter who’s in office. Third years tend to be good for the Dow.
The Dow returned 4.19% in the third year of Jimmy Carter’s presidency is 1979; 20.7% in the third year of Ronald Reagan’s first term in 1983, and 2.26% in the third year of his second term in 1987; 20.32% in the third year of George H.W. Bush’s presidency in 1991; 33.45% in the third year of Bill Clinton’s first term in 1995 and 25.22% in the third year of his second term in 1999; the 25.32% in the third year of George W Bush’s first term in 2003 and 6.43% in the third year of his second term in 2007.
Can Obama keep it up for 2015? If he can, stock investors will be cashing in.
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In the third year of Obama’s first term, the Dow Jones Industrial Average rose 5 and a half per cent. For George W Bush, the Dow rose 25 per cent in the third year of his first term, and 6 per cent in the third year of his second term.
Why is the third-year of a president’s term good for stocks? Lame duck presidents don’t want to rock the boat too much before an election, so they tend to let business be business.
Republican or Democrat -- it doesn’t seem to matter who’s in office. Third years tend to be good for the Dow.
The Dow returned 4.19% in the third year of Jimmy Carter’s presidency is 1979; 20.7% in the third year of Ronald Reagan’s first term in 1983, and 2.26% in the third year of his second term in 1987; 20.32% in the third year of George H.W. Bush’s presidency in 1991; 33.45% in the third year of Bill Clinton’s first term in 1995 and 25.22% in the third year of his second term in 1999; the 25.32% in the third year of George W Bush’s first term in 2003 and 6.43% in the third year of his second term in 2007.
Can Obama keep it up for 2015? If he can, stock investors will be cashing in.
-------------------------------------------------------------
Welcome to TomoNews, where we animate the most entertaining news on the internets. Come here for an animated look at viral headlines, US news, celebrity gossip, salacious scandals, dumb criminals and much more! Subscribe now for daily news animations that will knock your socks off.
For news that's fun and never boring, visit our channel:
http://www.youtube.com/user/TomoNewsUS
Subscribe to stay updated on all the top stories:
https://www.youtube.com/channel/UCt-WqkTyKK1_70U4bb4k4lQ?sub_confirmation=1
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