Second terms not as kind to equity markets

The first four years of President Barack Obama's administration were very bullish for the stock market. The S&P 500 rose 66% from January 2009 through October 2012, using monthly averages of daily closing data. That compares very favorably to the 50% average of the first terms of the past 11 elected presidents starting with Franklin D. Roosevelt. The S&P 500 rose 16% during the second terms of the past six presidents who were re-elected.

Source: Ed Yardeni — Ed Yardeni is the president and chief investment strategist of Yardeni Research Inc., a provider of independent investment strategy and economics research for institutional investors.

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