100 Day Time Capsule

[Spino]

Obama's win tanked the market more than any other presidential election in history. We saw a 500 point plunge after election day and an additional ~350 point drop the day after that (in fairness O-Day +2 has two more hours of trading left but it doesn't look good). The financial markets clearly did not buy into Obama's centrist hype and the recent job & retail sales reports only hurt matters. Money people are obviously treating Emperor O as for what he really is, the most liberal member of Congress ever to be elected as President.

Although in fairness to the Chosen One this recession has just begun and the market's skittish behavior is to be expected. That credit crisis monster hiding underneath the bed is bigger and meaner than any recession we've faced since the Depression.