During President Obama's first 100 days in office, the major U.S. averages slipped to multiyear lows amid a global meltdown in financial markets, leading investors to fear the worst. But despite that, stocks are essentially unchanged from where they sat on Inauguration Day. Sure, it's hard to judge the new president after a short time in office. Even Obama acknowledged that while the first 100 days are going to be important, "it's probably going to be the first thousand days that makes the difference." For now, though, investors can examine what has occurred in the different sectors of the market and judge how Obama's first major decisions and policies affected trading. At first glance, it's easy to spot nearly a perfect V-shaped chart for the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite, all of which hit a low point in March before rising sharply to where they currently stand. "After the first 100 days we're back where we started," said Paul Mendelsohn, chief investment strategist with Windham Financial. "We're right back to the level where we were on the day he took office. It's hard to say whether what we've seen is due to him becoming president or that things couldn't get any worse than they were. The fact that we're right where we were shows the market is satisfied, although it's not a ringing endorsement." Robert Pavlik, chief market strategist with Banyan Partners, said that he was initially surprised by the early weakness in the market after Obama took over the White House. "I didn't think we were going to be as weak as we were, and I'm equally surprised by this recovery so far," he said. "There's a lot of anticipation for growth for the rest of year."