Live By The Market...

...Die by the market:

When George W. Bush took office the Dow was at 10,578.20. By the time he left office, it had fallen to 7,949.09.

And it's helpful remembering that people once seriously talked about much higher levels - remember Robert Zuccaro's December 2001 book, "Dow 30,000 by 2008"? - and that wasn't even the most optimistic forecast either (Dow, 36,000; 40,000, and higher).