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Can anyone provide some context to these numbers?
1 week before the November 4th election, the Market closed at 8175.
Over the next few days, McCain closed the gap in many of the polls and the market increased to 9625 on the Monday before the election.
By Tuesday, the final polling was beginning to show that McCain would not overcome the lead that Obama had developed and the market dropped 486 points on election day.
By the Friday before inauguration day, the market had dropped to 8281 then proceeded to drop an additional 332 points on that day to end at 7949. Now, a little over 4 weeks later, the market has closed at 7465.
So, what do you think this means?
3 Answers
- Anonymous1 decade agoFavorite Answer
The market which is MILLIONS of rich & middle class people dont like what Obama is about.
Hey Ricky: Why was the national debt 1.6 TRILLION higher when Clinton left office than the day he was sworn in? That sound like a surplus to you?
- SFC_OllieLv 71 decade ago
throughout history of the market it has almost always gone up between election day and the inauguration. That the market has fallen and continues to do so shows me that the money people say Obama will not help the country economically. These are the real experts, the people who work in the money every day.
SFC
US Army
Retired
- 1 decade ago
Doesn't really mean much.
I can't wait til Obama digs us out of this hole that Dubya put us in, just Clinton did when the first Bush put us in debt!
