Why Investors Are Unfair on Obama

As the market has thrived, president's popularity has plummeted

     

Third Quarter of 2009 — Dow Up, Obama Down

The Market: The Dow soared 1,208.22 points (14.2%) from 8,504.06 on July 1, 2009, to 9,712.28 on Sept. 30, 2009. The high was 9,829.87 on Sept. 22, 2009, and the low was 8,146.52 on July 10, 2009.

Obama’s Approval: The president’s approval rating fell to 54.4, a steep 8.2-point decline. The high of 60 was recorded the first week of the quarter, June 29-July 5, 2009, and the low of 50 was hit Aug. 24-30, 2009.

Fourth Quarter of 2009 — Dow Up, Obama Down

The Market: The Dow gained 918.77 points (9.7%) from 9,509.28 on Oct. 1, 2009, to 10,428.05 on Dec. 31, 2009. The high of 10,548.51 was recorded on the second-to-last day of the quarter, Dec. 30, 2009, and the low of 9,487.67 was hit on the second day of the quarter, Oct. 2, 2009.

Obama’s Approval: Obama’s average approval rating fell 3 points to 51.4, with a high of 54 the week of Oct. 5-11, 2009, and a low of 49 recorded twice — from Nov. 16-22, 2009, and again from Dec. 7-13, 2009.

First Quarter of 2010 — Dow Up, Obama Down

The Market: The Dow gained 272.67 points (2.6%) from 10,583.96 on Jan. 4, 2010, to 10,856.63 on March 31, 2010. The low of 9,908.39 was recorded at the close on Feb. 8, 2010, and the high of 10,907.42 was recorded on the second-to-last day of the quarter, March 30, 2010.

Obama’s Approval: The president’s average rating slipped to 49.3, down 2.1 points, with a tight range for the quarter. The low of 48 was recorded three separate times, and the high of 51 was recorded twice.

Second Quarter of 2010 — Dow Down, Obama Down

The Market: The Dow fell sharply, losing 1,153.05 points (10.6%) from 10,927.07 on April 1, 2010, to 9,774.02 on June 30, 2010. The high of 11,205.03 was recorded at the close on April 26, 2010, and the low of 9,774.02 was recorded on the very last day of the quarter, June 30, 2010.

Obama’s Approval: The approval rating averaged 47.6, down another 1.7 points with a high of 50 hit twice, from April 19-25, 2010, and from May 3-9, 2010. The low of 45 was recorded the week of June 21-27, 2010.

Third Quarter of 2010 — Dow Up, Obama Down

The Market: The Dow gained 1,055.52 points (10.8%) from 9,732.53 on July 1, 2010, to 10,788.05 on Sept. 30, 2010. The low of 9,686.48 was recorded July 2, 2010, and the high of 10,860.26 was reached Sept. 24, 2010.

Obama’s Approval: The president’s average rating was 44.9, down 2.7 points. The low of 43 was recorded two consecutive weeks, from Aug. 16-29, 2010, and the high of 46 was recorded in five different weekly periods.

Fourth Quarter of 2010 — Dow Up, Obama Up

The Market: The Dow gained 747.83 points (6.9%) from 10,829.68 on Oct. 1, 2010, to 11,577.51 on Dec. 31, 2010. The low was 10,751.27 on Oct. 4, 2010, and the high of 11,585.38 was recorded Dec. 29, 2010.

Obama’s Approval: The president’s average approval rating was 45.5, up 0.6 points with a high of 48 recorded in the very last week, from Dec. 27, 2010-Jan. 2, 2011. The low of 44 was touched twice — Oct. 18-24, 2010, and Nov. 8-14, 2010.

First Quarter of 2011 — Dow Up, Obama Up

The Market: The Dow gained 648.98 points (5.6%) from 11,670.75 on Jan. 3, 2011, to 12,319.73 on March 31, 2011. The low was 11,613.30 on March 16, 2011, and the high was 12,391.25 on Feb. 18, 2011.

Obama’s Approval: Obama’s average rating was 47.8, up 2.3 points. The low of 45 was tallied March 21-27, 2011, and the high of 50 was recorded two consecutive weeks from Jan. 17-30, 2011.

Second Quarter of 2011 — Dow Up, Obama Down

The Market: The Dow gained 37.62 points (0.3%) from 12,376.72 on April 1, 2011, to 12,414.34 on June 30, 2011. The low was 11,897.27 on June 15, 2011, and the high was 12,810.54 on April 29, 2011.

Obama’s Approval: The president’s average rating was 46.6, down 1.2 points. The low of 43 was recorded three separate times, with a high of 51 recorded the week of May 2-8, 2011.

Jeff Reeves is the editor of InvestorPlace.com. Follow him on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook.

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