Every media outlet is trying every angle they can on the Gerald Ford death story, with a twist that fits their specific news niche.
CNBC just found theirs, with a Wall Street connection, of course. They put up a graphic showing that the Dow was at 777 when Ford took over the presidency in August 1974, and rose to 968 by the time he left in January 1977. At the moment they had that graphic up this afternoon, the current quote for the Dow was 12,510, a new record high.
So, if you’d had the insight (and the intestinal fortitude) to invest in those 30 stocks right after Nixon resigned, you would have made a 1,600% return on your money as of today.