During this five years and eight months period of time from March 6, 2009 through October 24, 2014, very effective Moderate Democrat Steve Beshear was Kentucky's Governor and the US Senate was under Democratic control.
I found 18 Kentucky Headquartered Companies in Yahoo's or Google's superb Finance websites or from SEC filings with current Total Stock Market Capitalizations of more than $100 mil each 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 October 24, 2014.
These 18 Kentucky Companies had their average equal-company-weighted stock market prices decline by 37% 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 five years and eight months since March 6, 2009 through October 24, 2014, the average stock market prices of these same 18 Kentucky Companies have increased by a very impressive 305%. This 305% increase is markedly higher than that of just a week ago, where the average increase was a lower 294% from March 6, 2009 to October 17, 2014.
Thus in the six years and ten months from December 31, 2007 before the 2008 financial meltdown to the most recent date October 24, 2014, the equally-company-weighted average stock market prices of these same 18 Kentucky Companies have increased by an impressive 77%...... yeah, these Kentucky Companies have not just recouped the massive amount they lost with the disastrous 2008 financial meltdown, but also added another 77%.
Below here are the stock market prices of each of these 18 Kentucky Companies on October 24, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:
|Papa Johns Intl||Louisville||KY||43.18||10.98||11.35||293%||-3%||280%|
|Computer Services Inc||Paducah||KY||38.50||13.00||16.50||196%||-21%||133%|
|Farmers Capital Bank||Frankfort||KY||23.14||12.76||27.00||81%||-53%||-14%|
|Stock Yards Bancorp||Louisville||KY||31.81||20.12||23.94||58%||-16%||33%|
|Community Trust Bancorp||Pikeville||KY||33.80||23.97||27.53||41%||-13%||23%|
|General Cable||Highland Heights||KY||13.94||13.65||73.28||2%||-81%||-81%|
|Average % Change all 18 Kentucky Companies||305%||-37%||77%|
Details to come.