Quote Originally Posted by Spino View Post
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.
I was listening to Faux News (Yes, I do it for the lol's) and their business editor (can't remember the name... Cavuto?) said that the stocks also rose far more on election day compared to all preceding election days and hence the drop averaged out at roughly the same as all recent elections. Stocks falling after election day is routine.