IMO, Obama is directly responsible for the market decline. The stock market corrects in advance for anticipated news/events that investors believe will have aneffect on business. You don’t usually see the market tank or climb after anticipated things happen, it declines or gains prior to the anticipated event. When things don’t happen as previously expected, the market often corrects quickly.
As investors came to believe Hussein would win, they adjusted their view of the market accordingly.
Well, he’s created the worst October since 1987!!!