If Obama is partying on Wednesdays, he's not giving public speeches. So I decided to crunch some numbers.
Right away some trends stand out.
- Mondays lose 4 out of 5 weeks
- Tuesdays lose 4 out of 7 weeks
- Wednesdays only lose 2 out of 7 weeks
- Thursdays lose 4 out of 6 weeks
- Fridays lose 5 out of 6 weeks
- If you only invested in Dow stocks only on Wednesdays you would have earned 481.49 points on your stock.
- If you had invested on the day of Obama's Inauguration and held until now, you would have a loss of -1,405.37 points.
- Thus investing on Wednesdays, the day Obama does not give speeches, is much safer than any other day of the week.
- 1/20 - Dow shows second largest one-day loss (-332.13) on day of Obama's biggest speech of his Presidency
- 2/9 - Obama delivers his prime time press conference after markets close
- 2/10 - Markets respond with largest one-day loss (-381.99) of the Obama administration.
- 2/24 - Obama delivers address to joint session of congress after markets close
- 2/25 - The next day Dow shows only 2nd Wednesday loss since 1/20/09 (The other was on 2/4/09)
Days when President Obama does not speak are better days for the market than days that he does speak.
And if Obama gives a major address during the day, the market drops during that day's trading period, but if he delivers a major prime-time address, the market tends to fall dramatically during the following day's trading period.
If President Obama wishes to fix the falling market, the data shows, he needs to stop speaking.
But that's not his goal at all.
Note: this was written before the markets closed on 3/4/09, thus the limited data set