Downward: Stocks Crash After Obama Win…
| The Dow Jones Industrial Average lost nearly 250 points in the first hour of trading on Wednesday morning, the day after President Barack Obama won re-election to a second term in office. News of poor economic forecasts in Europe also drove the steep decline; the European Union is now predicting that it will slide into recession. European markets had actually greeted the Obama win with a brief rise, before economic reality set in. http://www.breitbart.com/Big-Government/2012/11/07/Forward-Downward-Stocks-Crash-After-Obama-Win |
What most people do not understand is that to whatever extent there was the beginning of a legitimate recovery, it was being fueled by people & businesses optimistic about new management. I fear we may be headed for a major relapse.