Sigh.
Did anybody not see that coming?
Looks like McCain’s poll numbers with independents after the Palin pick.
I wonder if maybe labor reports showing about 157,000 jos were shed in October also had something to do with it.
That’s right, the biggest percentage drop after an election in history, and the guy elected had NOTHING to do with it.
A fine leap of logic, TosaVoter.
Don’t worry, you’re already getting the Change you Deserve. Save it to buy Ramen noodles.
Looks like the Market is showin’ the love to the O-man again today.
Down and down it goes. Where it stops, nobody knows. (Did I mention we’re screwed?)
Obama had a commanding lead in the polls during the 1,000+ pt rally a week ago. Is Obama responsible for that too?
There is an old adage on Wall Street. Rally on the rumor, sell on the news.
I am sure this has nothing to do with the utterly dismal payroll numbers coming out tomorrow. We could have elected Midas as our president and the DOW was still going to drop.
LOL at Public Service.
I bet in late 2000 when the economy went in the tank, it was somehow still all the incumbent President’s fault, while this time it’s all the President-elect, and Congress’ fault.
I wonder what the key is to that argument?
http://www.bloomberg.com/apps/news?pid=20601087&sid;=aovYs15vXGf0&refer;=home
I suppose all those corporate earnings declines happened in the last 48 hours, eh? I suppose GM hasn’t sold a single car since Tuesday but was doing fine before then, eh?
Dumbass.
You libs are amusing.
McCain had somehow revived some optimism that he had a chance, and thus the market stabilized a bit. Then, when he actually lost, it took a nose-dive. Big surprise that people who want to make money (those who invest in the market) are *divesting* because you idiots elected a communist that wants to take their money.
Fun stuff.
So not only is the drop in the DOW our fault for electing a Communist, but the extremely slim chance that McCain was going to win caused last week’s rally.
You got one thing right Gman… that is amusing.
I am betting that the biggest drop is yet to come. Margin calls are going to decimate the hedge funds.
Of course that will be Obama’s fault.
In this case there are bigger factors at play than the election result (for the simple reason that none of the big financial analysts think that there would have been a big difference in outlook with an Obama result vs a McCain result). Neither McCain nor Obama would be able to do much different to change the economy - it is that bad.
A partisan and his idiotic assumptions are not easily parted.
It sure seems like the Democrats have had a winning strategy to me the last 8 years. Let the seduction of unending money corrupt or destroy any fiscal conservatism and then reap the election benefits when the GOP has lost its base.
There is no doubt the GOP has gotten away from the spirit of its previous platform of less Government and less taxes. There are a lot of believers in those ideas including (not coincidentally) a majority among successful people. They have brought the deserved disfavor upon themselves.
Democrats smiled up their sleeves as they approved of all spending increases (discounting military) and joyously participated in the porkucopia and legal kickbacks (to their campaign funds) from Freddie and Fannie among many others. Since they have always approved of more Government and more spending they are not being held responsible for their actions.
Now the flaw in their plan manifests and I hope they can deal with it. Irresponsible Government on this scale can seriously harm an economy. No one saying no for 8 years, plus at least 4 more…
Apparently with the stop in the rise of the oceans is the stop of the rise of the stock market.
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http://americanmissive.com/2008/10/23/obama-and-the-stock-market/
and
http://americanmissive.com/2008/11/05/dems-win-dow-loses/
Looks like the markets shook off their hangover and responded to Obama’s win today. Up up and away!
Stock markets going up and down with the tides, that’s a good one!
Looks like the markets shook off their hangover and responded to Obama’s win today. Up up and away!
One day is hardly ‘up, up and away’—especially when it recovered only about 1/4 of the combined previous two day loss. Plus now we lost 78 yesterday and it’s down over 200 today.
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