PRESIDENTIAL UPDATE

A little morning amusement - an update to how the markets are performing under the new President:

SPX +1.1% since inauguration and -19% since election day;

NDX +8.8% since inauguration and -10% since election day;

RUT -1.6% since inauguration and -22% since election day;

DRG -6.5% since inauguration and -12% since election day;

George W. Bush from beginning to end (January 20, 2009):

SPX -40%;

NDX -57%;

DJIA -24.9%;

DRG -35%

RUT -11%;

Not sure many folks saw dubya as the President who would see the small caps outperform the drug stocks under his reign.