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Stocks plunge as investors ponder Obama presidency, why?

I thought Obama winning would instantly fix all our problems!

4 Answers

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  • 1 decade ago
    Favorite Answer

    That's what he promised anyways. I know of many companies scrambling to sell before he is inaugurated. For example: THE COMPANY I WORK FOR!! I can't believe those idiots elected him into office....

  • 42
    Lv 7
    1 decade ago

    It's a normal reaction when there's a change in Washington. Investors have been used to the Republican way of doing things for eight years, and now things will change. It's not a vote of no confidence in Obama. In fact, most economists preferred Obama to McCain.

    Bottom line is that the market is just jumpy like that sometimes. As jumpy as it's been lately, Bernanke could sneeze and it would fall 300 points.

    Also, the market enjoyed a huge bump yesterday, and a lot of people were locking in their profits today by selling.

  • Anonymous
    1 decade ago

    "I thought Obama winning would instantly fix all our problems!"

    No you didn't. You're just trying to argue.

    You don't honestly believe that 8 years of Republican mismanagement can be corrected in 1 day do you?

  • 1 decade ago

    Don't forget he's not even in yet, idiot. Still your boy bush making it go down.

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