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Saturday, March 7, 2009

BAM'S BEAR OF A START

By ANDY SOLTIS - March 7, 2009

Stock prices have plunged faster since President Obama's inauguration than for any new president in nearly a century, an analysis by Bloomberg News found.
The Dow Jones industrial average has fallen 20 percent in the six weeks since Obama took office. It's down 31 percent since Election Day.
In contrast, stocks have usually rallied or ended up flat after the first six weeks of a new presidency.
Obama could be only the third member of his party, after Jimmy Carter and Woodrow Wilson, to preside over a falling market in his first year in power.

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