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UnoU asked in Politics & GovernmentPolitics · 9 years ago

Why does the stocks Market keep dropping like hell after Obama won the election?

Didn't Obama claim everything is going to the right direction???

Nov 6: 13245, now 12524.... 720+ points drop!

Update:

Maybe OWS AKA Fleabaggers are all excited about Obama winning the election so they decide all to stay home waiting for Obamaphone?????

9 Answers

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  • Anonymous
    4 years ago

    That wasn't an fairly not person-friendly prediction to make--I made a similar one and planned properly, and voted for Obama. I observed as that too--because of the fact of each and every thing else. Please have faith that a McCain win does not have stopped GM from teetering close to financial ruin, fastened the housing marketplace till now being inaugurated, or straightened out the different economic messes. besides--while you're a real believer in this reason/result stuff touching directly to the presidency, clarify how the inventory marketplace have been given down under 9,500? could desire to we in simple terms say that grew to become into all GWB's fault? of direction not--nevertheless that is much less stupid than believing that a recession that has been interior the making for rather a on a similar time as happened because of the fact there grew to become into of undertaking a democrat must be elected President.

  • Anonymous
    9 years ago

    And yet people fell for the lie. Smart people don't trust the way this economy is going and who can blame them.

  • ?
    Lv 7
    9 years ago

    Several hundred things affect the DOW, not just the president.

  • Anonymous
    9 years ago

    Your debt is over the debt ceiling and rising. No firm commitment from the President on how he is going to reduce the debt. No long term forcast of policies that will put firm foundations under the economy and nation.

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  • ?
    Lv 7
    9 years ago

    March 06, 2009: 6626

    now 12524

    100*(12524 - 6626)/6626 = 89% increase in less than 4 years

    Most of it before 2010 when the electorate made the mistake of putting the Republicans back incharge of the House. Their intractability and cronyism led to a credit downgrade and now it will take us down the fiscal cliff.

  • Anonymous
    9 years ago

    You don't understand the stock market. Don't feel bad, because most people don't. Use the sell off to your advantage to buy stocks on the cheap. If it crashes, keep doing it, because your cash will be worthless anyway if the market drops to zero. Also, gold is a shiny rock.

  • Emma
    Lv 7
    9 years ago

    deep pocket investors have yet to come around to the fact that investing in America and creating jobs is a good thing

  • 9 years ago

    Business has no faith in Obama. It is simple as that. We need tax cuts and deregulation to succeed. Obama has done the opposite.

  • ?
    Lv 7
    9 years ago

    Traders are understandable nervous and simply pulling some money out of the market until they see what direction the President will move the nation's economy.

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