Largest Post Election Dow Point Drop in U.S. History

On Air... | 11/06/08 | Limbaugh

[DoughtyOne]

The current two day drop of the DJIA figure is the largest post election crash in U.S. History.

The DJIA figure was off 915.92 a few minutes ago, that's 9.5% since Obama became President elect.

Pundits who just days ago were saying that U.S. Citizens had more faith in Obama when it related to the economy are now having to hurriedly work up stories reassuring the public that this drop isn't related to public fear that Obama is not up to the task of managing the current economic problems.

[DoughtyOne]

That 915.92 drop WAS the two day total since the election.

[lnzog]

who would have thunk?

[Nichevo]

Dropping like Chris Matthews’ jowls....

[Renkluaf]

It’s called an Obama Rally!

[Red Steel]

The Obama crash.

[Brett66]

Yeehaw! I can’t wait until Obama uses the government to try affect global warming.
That’ll actually put reality to the fear.

[ChinaThreat]

SELL BABY SELL! Sell before the inauguration. Because after that, you will pay more capital gains taxes. Better to sell at 20% loss than pay 35% capital gains.

[perfect_rovian_storm]

That’s change we can believe in!

[misterrob]

Obama’s election has been factored into the market already. What investors are reacting to are the earnings and other announcements.

[BerniesFriend]

those racist stock markets..they are only tanking because a black man was elected President..(just a taste of the o presidency folks)

[turfmann]

George Bush’s fault.

Oh, wait, can’t use that anymore.

/sarc off

Expect the hemorrhaging to continue...

Good work, America (at least the stupid half of it). How many trillions have disappeared now?

[Grampa Dave]

Giant Sucking Sounds on Wall Street: Below is the 5 day DJIA chart showing some optimism that John would be elected up to and during the election day.

The index is now at a 900 point drop in less that two days after the Change hit America.

CHANGE HAPPENS!

[kddid]

401K’s will be confiscated. Capital gains taxes increased. Corporate tax increases = less profit and/or higher prices for goods and services. I have been seriously considering withdrawing my 401k. I'm sure there are others thinking the same. I would hate to be wrong. Is it better to be safe or sorry?

[areukiddingme1]

Way to go Barrack...

Although, we probably had better get used to this, especially when it comes to healthcare, savings, retirement, etc. under “the Obamanation.”

Although, gas, energy, and taxes will all be heading up...so, he’s got that going for him.

[Grampa Dave]

Giant Sucking Sounds on Wall Street: Below is the 5 day DJIA chart showing some optimism that John would be elected up to and during the election day.

The index is now at a 900 point drop in less that two days after the Change hit America.

CHANGE HAPPENS!

[Proud_USA_Republican]

Obamanomics

[dforest]

On Fox news, Sheps show, they are doing all they can to pretend all this has nothing to do with a marxist getting elected. LOL

My only enjoyment is that we know they are liars trying to hold up the death of the US economy brought on by the very people who tanked it to get their empty suit marxist in power. Whew, truth wore my breath out. Hope and change is happening as we breathe.

I am sure Chavez is laughing a good belly laugh.

[calenel]

“Obama’s election has been factored into the market already. What investors are reacting to are the earnings and other announcements.”

Yeah, I heard that on the MSM, too. They weren't saying that during the big run up the day before. Do you suppose they were “factoring in” a bunch of suckers?

[G.Mason]

Wait until they re-check those figures, and add a generous dose of reality for the programs & give aways coming down the pike.