- On December 31, 2007 during President Bush's second term
- On March 6, 2009, very early in President Obama's first term, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and
- also on the most recent date February 24, 2014.
These 6 Delaware Companies had their equally-company-weighted average stock market prices decline by a massive 63% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.
But in the slightly less than five years since March 6, 2009, the equally-company-weighted average stock market prices of these same 6 Delaware Companies have increased by a spectacular 819% through February 24, 2014, driven by biotechnology company Incyte's stock market price increasing by a massive 30 times since March 6, 2009.
On the downside, the second company on this stock market price appreciation list is Sallie Mae, which has frankly ripped off former college students for many years, further expanding the huge economic gap between the wealthy and everyone else. The fact that the US Congress permits this company to operate in such an excessively greedy manner just illustrates why it has such an incredibly low approval rating. And the fact that deeply-in-debt former college students can only deduct for US federal income tax purposes $2,500 per year of interest they have paid to blood-sucking firms like Sallie Mae, while all wealthy people and large corporations receive so many massive tax loopholes, just adds kindling to the fire that rages inside so many former college students, their parents and their grandparents in their wholescale dislike of the US Congress.
Delaware citizens should be very pleased with the outstanding performance of nearly all of their Delaware Companies during the Obama Administration.
Below here are the stock market prices of these 6 Delaware Companies on February 24, 2014, on March 6, 2009, and on December 31, 2007:
Market | Market | ||||||
Price | Price | ||||||
% | % | ||||||
Change | Change | ||||||
Market | Market | Market | 3-6-09 | 12-31-07 | |||
Price | Price | Price | to | to | |||
Delaware Company | HQs | 2-24-14 | 3-6-09 | 12-31-07 | 2-24-14 | 3-6-09 | |
Incyte | Wilmington | DE | 67.03 | 2.14 | 10.05 | 3032% | -79% |
SLM (Sallie Mae) | Newark | DE | 23.96 | 3.28 | 20.14 | 630% | -84% |
The Bancorp | Wilmington | DE | 19.27 | 2.68 | 13.46 | 618% | -80% |
WSFS Financial | Wilmington | DE | 71.23 | 17.34 | 50.20 | 311% | -65% |
DuPont | Wilmington | DE | 64.58 | 16.87 | 44.09 | 283% | -62% |
InterDigital | Wilmington | DE | 30.27 | 21.33 | 23.33 | 42% | -9% |
Average % Change all 6 | 819% | -63% |