CNN iReport

The conservative campaign trying to blame Obama for the stock market fall is clearly debunked by this graph of the Dow Jones Industrial Average showing the levels between the high point on Oct 12, 2007, through March of this year. It CLEARLY shows the market falling by more than 5500 points a full month BEFORE the election. Today, the DJIA closed above 7000, making the fall since the election less than 1500 points. So whose bear market is this? Facts are facts folks. All the spin in the world can't change that. UPDATE: Thank you iDistort for the single most senseless argument I've heard this week. It appears that conservatives now argue that the freefall of the market began with the Democratic National Convention, which was held Aug 25-28. Below is a link to an interactive NYSE chart courtesy of MSN.com. If you mouse over the beginning of the steeper freefall, you will notice it began with a record drop on Sept 15, which is the day Lehman Bros declared bankruptcy and we all woke up to how serious the economic condition was after McCain's claim just a week earlier that "The fundamentals of the economy were strong". This is TWO WEEKS AFTER the Democratic convention. Again, another amateurish attempt to blame the current President for the ineptitude of the prior. Good luck with that. http://moneycentral.msn.com/investor/charts/chartdl.aspx?Symbol=US%3ANYX