I will say, no one issue - unemployment, the DOW, banks, mortgages is any gauge individually ... but taken as a whole, it is clear what the economy thinks of OBAMA.
Nothing during Bush's terms equates with a DOWN that has since he was elected, gone down, down, down, down.
No candidate elected, and inaugurated has been greeted by a DOWN that goes down. they always go up. With Obama, it is down, down, down ... and where it stops, NO ONE knows.
Dow, S& P Slip To 1997 Levels
Investors Still Wary of Recovery Plans
By Ylan Q. Mui
Washington Post Staff Writer
Tuesday, February 24, 2009; Page D01
Stock markets tumbled to 12-year lows yesterday as new details of the government's plan to shore up ailing banks failed to quell investors' fears of a long and difficult recovery.
The Dow Jones industrial average closed down 250.89, or 3.4 percent, to 7114.78 -- a level not seen since the bull market of 1997. The Standard & Poor's 500-stock index dropped 26.72, or 3.5 percent, to 743.33, another 1997 level. And the tech-heavy Nasdaq composite index fell 53.51, or 3.7 percent, to 1387.72.
"Basically, it's a disaster," said David Dietze, chief investment strategist at Point View Financial Services. "There's much more pain ahead."
Obama
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