Tuesday, May 13, 2014

South Dakota Company Average Stock Market Prices Up 277% Under Obama, a Democratic US Senate and a Quantitative Easing US Fed, After Being Down 70% During Financial Meltdown

I found 3 South Dakota Companies in Yahoo's or Google's superb Finance websites or from SEC filings with current Total Market Capitalizations of at least $100 mil and which also had their common stocks trading on each of the following three dates:

  • 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 May 12, 2014.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 3 South Dakota Companies had their average stock market prices decline by a massive 70% 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 more than five years since March 6, 2009, the average stock market prices of these same 3 South Dakota Companies have increased by a very robust 277% through May 12, 2014.  All 3 South Dakota Companies had their stock market prices more than double in this period of time.
 
In similar fashion, the US unemployment rate doubled from 5.0% in December 2007 to 10.0% in October 2009, early in President Obama's first term which was the very lowest point for the US Labor Market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

And then with the US economic stimulating actions of the Obama Administration, supported by a Democratically controlled US Senate, taking full effect, coupled with the Quantitative Easing by the US Fed, the US unemployment rate declined sharply from 10.0% in October 2009 to 6.3% in the most recently reported April 2014.

In like manner, South Dakota's unemployment rate nearly doubled, going from 2.7% in December 2007 to 5.1% in October 2009. And then with the US economic stimulating actions of the Obama Administration, supported by a Democratically controlled US Senate, going full throttle, coupled with the Quantitative Easing by the US Fed, the South Dakota State unemployment rate declined markedly, going from 5.1% in October 2009 to 3.8% in the most recently reported April 2014.

Below here are the stock market prices of each of these 3 South Dakota Companies on May 12, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:






Market Market






Price Price






% %






Change Change



Market Market Market 3-6-09 12-31-07



Price Price Price to to
South Dakota Company HQs
5-12-14 3-6-09 12-31-07 5-12-14 3-6-09



$s $s $s

Meta Financial Group Sioux Falls SD       38.83      7.44    41.17 422% -82%
Raven Industries Sioux Falls SD       31.30      8.22    19.20 281% -57%
Daktronics Brookings SD       14.20      6.26    22.57 127% -72%








Average % Change all 3




277% -70%