The record shows just two days since 1950 when the DJIA and the NASDAQ, accompanied with the S&P500s third successive losses fell four days in a row. These occurred shortly after the 2000 and 2008 presidential elections. They happened on the seventh day following these elections, identical to todays count, seven trading days after November 6.
The diagram identifying these closes also includes the results following the 2004 vote. In that year prices of these three averages moved up on both the seventh and eighth day after the election.
Yet while these three prior events are identical election wise, they fail to share much else. In 2000, prices were just at the beginning of the slide that would end only three years later. In 2004, the market was halfway between that bottom and the recovery which peaked at the end of 2007. The 2008 ballot occurred just four months before prices started the rise which continues, so far, till today.
While the three closes share the election dimension, they possess little else in common that supports a projection of future prices.
DJIA -.16 percent
NASDAQ -.23 percent
S&P500 -.35 percent
