The market and most businesses have zero confidence and dread of Obama. I know business owners who would have toughed it out if McCain had won. They had layoff plans in case O won. The day after the election they laid people off.
I just talked to my best friend (for over 25 years) and he told me his sister was laid off on Thursday (after the election). Everyone at her company was called into a large meeting and they were all told they were out of a job as of that minute. About 50-60 people. Pack your desks and leave. Boom. The company was being shut down that day.
Why, you ask?
The company is in the nuclear power industry. They have a very specialized product and a very specialized industry that supports it. Basically, the bosses decided that with Obama, there are not going to be any more nuclear plants built any time soon and it was cheaper to liquidate the business now than to slog it out for four or eight years hoping that maybe someday there would be more nuclear plants built. My friend told me they are quite profitable right now, they just quite simply can see the writing on the wall with Obama.
Just one more anecdote of the new Obama age.....