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How many more points will stocks plummet when/if Barack Obama wins on 11-04?
I will predict at least a 1000 point drop upon him winning (if he does).
21 Answers
- TonesLv 61 decade agoFavorite Answer
you're pretty generous if you only think it's a 1000 pt drop. I'm predicting that the dow reaches 1000 by Easter.
- 1 decade ago
The stock market is dropping by the day...go watch the clip on 60 minutes as to why the stocks are dropping..I'll give you an overview.....the Rich *** REpublicans bought stock on this little thing called swaps...and they are loosing there asses right now...and frankly HA HA...they dug there own holes! What happened to the big 87 billion handout? I'll tell you...they(republicans) were hoping it would be enough for the true scandal not to appear! Well true colors never fail to show through....In fact the stock market needs trillions of dollars! And in fact Obama will get in and it will continue to fall your right....but even if McCain gets in..its gonna keep falling! Get smart buddy...its time American wakes up!
- Anonymous1 decade ago
I think the market has already factored in that possibility.
Irrespective of whether it is done by voters or tanks in the streets, regime changes always make investors nervous. The devil you know and that sort of thing.
It doesn't help that the likely president-elect is and has surrounded himself with people hostile to a capitalistic free market system.
But the larger problem is that the bubble popped. We knew the government was going to devalue the money to pay down the debt, nobody expected them to devalue everything.
- 1 decade ago
It's not about Barack. It's about confidence that is bringing the market down. When the the major of people vote someone who is not Bush in office (McCain = Bush) people will feel confident again.
Also 8 years of BAD republican politics cannot change over night.
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- 1 decade ago
Explain to us why you think this would happen so we can actually discuss the subject in an intelligent manner. I can make generalizations as well, but I won't because I don't want to risk people thinking I am ignorant. Give us some factual information to go off of.
Source(s): Me - lobotomyzdLv 41 decade ago
You probly voted 4 shrub twice didn't you? Look around. You should stay home Nov. 4!!!
- Louis666KWuLv 51 decade ago
None. But they have dropped more than 8000 under Republican governance. Stocks have lost 1/2 their value under Republican governance.
You have no case.
- Anonymous1 decade ago
Aww, that's cute. Did Rush Limbaugh tell you to believe that?