The first day of Obama's presidency, I was as depressed as I ever remember being. I had studied his qualifications and his liberal politics and knew that we were totally screwed. I remember some of the students cheering between classes. They thought that it was a great day but I knew they didn't understand what had just happened. I am not so depressed this time. I have accepted the fact that we lost and I cannot be depressed all the time. I hope the next 4 years are not as bad as I think they will be.
Cheer up, the S&P is less than 5 percent below its all-time high in October 2007. The last time it had a four year gain that strong was in the Clinton era from late 1996 to late 2000.
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