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September 30, 2008

Latest Betting Line on Lowest-Return Presidencies

After today's debacle on the capital markets -- in a too-fine irony, the S&P 500 lost roughly the same amount in aggregate market capitalization today as the Paulson plan's gross cost -- I thought folks might enjoy an update on the worst-performing Dow returns presidential sweepstakes.

Here is the latest (live) rankings for the five worst financially-performing presidencies in U.S. history:

As I write this early Tuesday morning, the U.S. pre-market futures are all currently tipping gains tomorrow morning, which will complicate life. Are they trading higher because they believe that Congress will pass some sort of TARP-like bill? If so, does having them trade higher now mean the passage of such a bill is less likely, as Congressional representatives become more sanguine about yesterday's losses? If so, should they be trading lower? You see -- it makes your head hurt.

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