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Last night I decided to compare this sell-off to the sell-off after FDR took office.

Since Obama was elected on November 4, 2008 the S&P has dropped 26% through last night, February 23.

In 1932, after FDR was elected, the market dropped until February 27, 1933. It then rose 100% over the next four months.

A bit far fetched but could history repeat itself…?

02_24_09Connors

FDR: Election, Post Election Lows in February, Rally

02_24_09Connors2

Obama: Election, Post Election Lows in February ...

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