November 19, 2008

Obama's Post-Election Market Bounce Surges

Gateway Pundit: Post Election Stock Market Nosedive Continues...:
This is the largest post election stock market sell off in history. The market is down at least 1,000 points since the election.
From the Gateway Pundit's comments:
The DJIA finished down 428 points. Can you imagine if this had happened after McCain was elected? The front pages would all scream, 'Stock Market Votes NO on McCain!'
The market is trading on fear. The bailout isn't working. Unemployment numbers are rising and the consumer price index is falling. The last time high unemployment was accompanied by price deflation we called it The Great Depression. How great this one will be is anyone's guess.
Numbers aren't magic, but "below 8,000" sounds bad.

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