Stock Market Dives on Obama Win
Posted on November 5, 2008
Whatdaya know? A marxist promising to redistribute wealth and bankrupt the coal industry, gets elected and U.S. Stocks post biggest post-election drop ever! Who would have thunk it?
11/06/08 - Stock Market closes, down -448.48
» Filed Under Coal/Energy Resources, Economy, Energy, Marxism, News, Socialism, Stupidity, environmentalism
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10 Responses to “Stock Market Dives on Obama Win”
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Obama’s not in office yet. He’s the President-elect, meaning he’ll be sworn in in a few weeks. I’m not an Obama supporter… but I don’t see any direct link between the stocks dropping and Obama’s election.
No problem, Obama will just raise taxes to cover the loses, lol.
“Obama’s not in office yet. I don’t see any direct link between the stocks dropping and Obama’s election.”
So if a hurricane is approaching a city the stock market should not react until it hits land and damage occurs?
The stock market reacts to future expectations, idiot.
You don’t understand the definition of Marxist, but that argument is for another day when you become educated enough to grasp it. If you didn’t notice, the stock market went up the day before, and it was just as well known he was on target to win on that day. So you can claim that when it goes down, it’s a reaction to Obama? What about the rise? Somehow no correllation, right? Ok… next topic.
No Geo, concerning hurricanes, the lesson from you and other wrongo rightie ‘Georges’ is to just ignore them.
I don’t appreciate you calling me an idiot, Geo.
But perhaps you’re right – perhaps the stock crash is a reaction to future expectations. Could you explain how that works? What went on, based on the knowledge that Obama is going to be our next president, that caused the stock market to crash?
I love it we are all ready seeing what is going to happen to us. The bad part is the rest of us have to live with what the emotion and no knowledge voters have done to the country. God help us we are going to need it. romney/palin2012 why wait impeach and 2010
The rise was due to trading in what? “Green technologies?” Technologies that Wall Street know will do well under Socialism.
You don’t understand Fabian Socialism and it’s not necessary to learn. If Obama makes it through 4 years, you will get to see it in action.
I have taken my savings from the bank. I do not want any of it going to life long welfare reciepents who have never worked a day in their life believing I owe them. Not going to happen. I will not conform to any type of socialism. I am a 42 year old white american male who has worked since age 16 and never once collected a single dollar in welfare or food stamps. Fat, lazy, uneducated welfare rats have and will continue to support osama I mean obama and always will.
Yep, and the Stock market continues to react to Obama, GLOBALLY, now! NEGATIVE.
Don’t expect the “Media” to report this, though…they are the one’s that got him elected.