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Obama has been elected and has already set a record! - "Dow plummeted almost 500 points, its worst post-election plunge on record."
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Wednesday, November 5, 2008
Obama sparks worst election day stock drop of all time
Posted by BadgerDigger at 1:43 PM
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2 comments:
I predicted this morning it would drop 400 to 500 points. Investors are scared of his tax policies. If the democrats get their hands on everyone's 401k, then the market will drop like a rock.
The wild card in this is that the market has already dropped so much prior to the election. However, most of that may also be contributed to prepping for an Obama administration.
I don't expect it to go much lower since we now know who will be in charge.
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