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We're Deja Screwed: Obama = Carter

Dow's losing streak now in ninth day


By MarketWatch
CHAPEL HILL, N.C. (MarketWatch) -- The stock market is poised today to do something it has not done in over 33 years: Decline for nine straight sessions.

The last time the Dow Jones Industrial Average (DJI:DJIA) did that, in fact, was Feb. 22, 1978, when Jimmy Carter was president and the country was struggling to come to grips with a period of anemic economic growth and high inflation.

Isn't it comforting to know that we've made such progress over the last three decades?
Actually, about the only thing that is comforting in the historical data on Dow losing streaks is that many of them have occurred near major bear-market bottoms.

U.S. stocks slip in choppy trading as investors continue to digest the recent days' fiscal-policy debates and somber economic data.

For example, before February 1978, the prev

Added: Aug-4-2011 Occurred On: Aug-4-2011
By: vicsemprini
Tags: Obama, Jimmy Carter, Dow Jones crash, economic failure, Keynesian policies
Location: Washington D.C., District of Columbia, United States (load item map)
Views: 7390 | Comments: 19 | Votes: 1 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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