Tuesday, February 17, 2009

Vote of No Confidence

On November 4 when the polls closed, the following had been recorded for the day:
Dow Jones Average: $9,625
NASDAQ: $1,780
S&P 500: $1,005
After four weeks in office, the same indexes were:
Dow Jones Average: $7,552.60
NASDAQ: $1,470.66
S&P 500: $789.17

The Dow Jones Average is down $297.81 since the passage of the purposeless spending festival, officially named the American Recovery and Reinvestment Act of 2009 on Friday.

I am sure that the reason Michelle Malkin and I are mentioning the same phenomenon is because great minds think alike. Ahem! I thought of it last night, but waited until the markets closed to post.

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