Quote:
Originally Posted by Wayne Maybury
It looks like the honeymoon is already over. Yesterday the Dow went up ~300 points in anticipation that Obama was going to win and turn everything around. Today the Dow fell by 486 points and the headline on Bloomberg.com was that the market is down because Obama will struggle to reverse the slowing economy. Are people nuts? Love him or hate, what the heck is he supposed to do in one day? Has all of the optimism already evaporated? This may be a very long 4 years for the new POTUS.
Wayne
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Any conclusions of market performance due to any single influence is asinine.
It's been volatile for weeks/months, and people want simple answers.
One outlet said the market was up due to the recent polls giving McCain a chance.