Stocks plunge as investors ponder Obama presidency

Associated Press ^ | 11/04

[jedgarlives]

Stocks plunge as investors ponder Obama presidency A case of post-election nerves has sent stocks plunging as investors, again anxious about a recession, are wondering what impact a Barack Obama presidency will have on business and the overall economy. Volatility has returned on Wall Street, with the Dow Jones industrials falling 486 points to the 9,139 level, and all the major indexes tumbling more than 5 percent.

[Night Hides Not]

He's promised to bankrupt the coal industry.

I work at a coal mining company. When Obama's plan was let out of the bag, the typical reply was:

"You're going to need a lot of windmills to replace that 49%".

Coal is the source of 49% of the nation's electricity.

Our other projects are full speed ahead!

[P.O.E.]

O - my

[spectre]

But wait, there's Bobby Kennedy, big environmental wacko. Obama has just hired him.

His main mission in life is to save the planet.

sw

[RedMonqey]

The world's economic engine has a new engineer and he doesn't know how a locomotive engine works.(worse yet, he hates coal)

The baggage cars(the rest of the world) of the train can be run like a brothel under the whim of a pimp and it won't slow down the train.

As long as the engine is under contol of the steady hand of an competent engineer who knows how to keep steam under pressure and the boiler hot, the train will meet it's schecule and the passengers blissfully unaware of his efforts.

The world has cast scorn on America for being too loud, outdated, clumsy and too "dirty" in delivering the world to it's destination. It's time now to see if the world can no longer take the locomotive nor the old engineer for granted and see if an "community organizer's" great oratory can replace motive power( steam engine)

The markets have given their opinion.

[RedMonqey]

The bad thing about the Worst %drop is the fact that it will be scored as an Bush economy failure since it happened on his watch.

[Salvation]

B Hussein O’s fault.

[TheGeezer]

A poetic metaphor, your post. The markets were not discounting the Obama presidency a month ago: now they are, and (to continue your metaphor) they see the brake-less engine with malfunctioning air brakes headed into the yard and station out of control.

WHEEEEEEEEEEE!

BOOM!

[alrea]

Don't cry for me ...

[RedMonqey]

..they see the brake-less engine with malfunctioning air brakes headed into the yard and station out of control. WHEEEEEEEEEEE!

BOOM!

Tightening my seat belt as we speak

[RightWhale]

Down about 200 now. What happened?