Dow drops another 300 points; how low can the stock market go under the Obama Administration?

Examiner.com ^ | 3/3/09 | John Kinsellagh

[beacon street bandit]

The Dow dropped another 300 points yesterday, continuing its implacable downward spiral since the inauguration of President Obama. Though the stock market had already declined substantially prior to Obama's arrival in Washington, it is significant to note that since he was sworn into office, on yesterday's close, the market has dropped 28% in value in two months time. Although many members of the chattering class may be enthralled with the reign of the New Messiah, investors are fleeing…

[TwelveOfTwenty]

You can't just blame Obama for this. Pelosi and Reid had a lot to do with it, too.

[Nachum]

http://www.youtube.com/watch?v=XgCHOrF5ryY

[xcamel]

Oh but about half the freepers are still blaiming bush/repubs for this - just read the threads...

[ari-freedom]

OK OK we’ll blame Pelosi and Reid, too

[Nachum]

Limbo rock! How low can you go...

[txnativegop]

How low = 500

[Zakeet]

[Rippin]

The market started discounting Obama’s administration the day it became clear he would win the demoncrat primary. This is not a ‘Bush’ crash.

[ari-freedom]

I don’t blame the other republicans. They weren’t pushing freddie mac

[Zuben Elgenubi]

In my opinion, 5800 will be the dead cat bounce.

[dhs12345]

It is a perfect storm.

True, the slide was already happening well before Obama took office, however, everything Obama is doing and saying is making and will make it a lot worse.

[colorado tanker]

I thought the market had settled into a bottom around 8000. Then Zero announced his anti-growth, pro-inflation budget and it's been falling ever since. I don't know how far it will go, but I think it could be as low as 5000. I hope not, some blue chips are at ridiculous levels right now.

[albie]

We’ll have the “dead cat bounce” tomorrow at the open.

[NonValueAdded]

relax, it is just a fit ... or is it a start? It ebbs, it flows ... Obama doesn’t care where it goes.

[blam]

There was suppose to be a bounce today. What happened?

[ari-freedom]

Reality happened

[devistate one four]

While we are now a socialist state, we don’t need a stock market.
We have a bold new government to tend our every need.
Be sure to stop by the local social worker and demand more food, free heat, and a new car so you can haul your kids to school.

[Diogenesis]

[Pearls Before Swine]

How low = 500

Pretty pessimistic. Dow or S&P?