You want to suffer in your own misery.
Here are some numbers. The DJIA and Nasdaq are higher, the S&P 500 is down about 5.5 points, from 1/3/2007.
DateNasdaq% Chng.§S&P 500% Chng.§Dow Jones% Chng.§Notes|
| January 3, 2007 | 2423.16 | — | 1416.60 | — | 12,474.52 | — | | | October 9, 2007 | 2803.91 | +15.71% | 1565.15 | +10.49% | 14,164.53 | +13.55% | The day the DJIA and S&P 500 peaked. | | October 10, 2007 | 2811.61 | +0.27% | 1562.47 | -0.17% | 14,078.69 | -0.61% | The day the NASDAQ peaked. | | January 2, 2008 | 2609.63 | -7.18% | 1447.16 | -7.38% | 13,043.96 | -7.35% | | | June 27, 2008 | 2315,63 | -11.27% | 1278.38 | -11.66% | 11,346.51 | -13.01% | The day the bear market declared. | | November 4, 2008 | 1780.12 | -23.13% | 1005.75 | -21.33% | 9,625.28 | -15.17% | Election day | | January 2, 2009 | 1632.21 | -8.31% | 899.35 | -10.58% | 9,034.69 | -6.14% | | January 20, 2009 | 1440.86 | -11.72% | 804.47 | -10.55% | 7,949.09 | -12.02% | Inauguration of Barack Obama | | March 9, 2009 | 1268.64 | -11.95% | 676.53 | -15.90% | 6507.04 | -18.14% | The day the DJIA, S&P 500 and NASDAQ bottomed. | | October 9, 2007 to March 9, 2009 | -1543 | -54.9% | -886 | -56.6% | -7657 | -53.9% | Cumulative change (from peak to bottom) |
[8] [9] [10]
§Values represent percent change from previous date listed in table.
[ edit]Opinions regarding the cause
During the bear market a heavy debate ensued as to whose fault the falling market was. The political parties were heavily divided during this period. [11] For the most part there were three camps: Ones that simply blamed the economy, others that wanted to pin the passing Bush Administration and others that wanted to push the blame on the newly arriving Obama Administration.
[ edit]Blaming the economy
In February 2007, a coming recession and bear market was predicted by Paul Lamont due to a growing debt bubble, the housing bubble and lack of car sales. [12]
en.wikipedia.org–2009
The question to ask this election year is not "Are you better off now than 4 years ago?" which was August 2008, before the GSEs were put into conservatorship, before Lehman Brothers filed bankruptcy, before TARP, and before the banking crisis and the takeovers of WaMu and Wachovia, but "Are you better off now than 43 months ago?" Or, "Are you better off now than on 1/20/2009"? |
