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1968 Presidential Market Turmoil

In 1968 the country was in a mess:

North Korea captured the USS Pueblo
North Vietnam launched the Tet Offensive
A sniper assassinated civil rights leader Dr. Martin Luther King Jr
Civil Rights riots erupted across the country
Democrat presidential candidate and Attorney General Robert Kennedy was assassinated
Antiwar protests turned violent at the Democrat Presidential Convention
At the Summer Olympics two black athletes staged a silent demonstration against racial discrimination in the US
The year ended on a positive note when Apollo 8 was the first manned spacecraft to orbit the moon.

The stock market was just as turbulent. Following Nixon’s presidential victory in November, the S&P500 briefly rallied to an all-time record high; but one year later it plunged over 30%.

This year’s presidential season has no less drama…invest with caution.