First 100 Days

Updated March 06, 2009

Study: Dow's Decline Is Fastest for a New President in Nearly a Century

by  

FOXNews.com

The Dow Jones Industrial Average has fallen 20 percent since President Obama took the oath of office. 

The Dow Jones Industrial Average has fallen faster under President Obama than under any new president in at least 90 years, according to a review conducted by Bloomberg. 

Bloomberg reports that since Inauguration Day, the Dow has fallen 20 percent, leading at least one investor to dub this the "Obama bear market." The Dow has also dropped 31 percent since Election Day. 

Despite a string of government bailout offers and Obama's advice earlier this week that Americans should be buying stock while shares are low, the Dow has continued to freefall. 

Bloomberg reported that Obama is at risk of breaking a historical trend -- in which the Dow soars an average of close to 10 percent in the first year after a Democrat wins the presidency. 

Click here to read the full story in Bloomberg. 

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