1945: As the market absorbs the news of Pres. Franklin D. Roosevelt's death the day before, the Dow Jones Industrial Average rises nearly 1% to close at 159.75. (Then as now, Wall Street liked Republicans.)

Robert J. Shiller, "Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends?" in Richard H. Thaler, ed., Advances in Behavioral Finance (Russell Sage Foundation, New York, 1993), p. 144