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U.S. Stocks Crash in Dow Average’s Worst Ever Inauguration Day Drop

Posted on 01/20/2009 4:02:07 PM PST by MindBender26

Cannot post due to sourcing issues, but the compendium of financial news wires is very specific. On a day when markets are usually up on hope and anticipation, they are down to record lows worldwide.

It will get MUCH worse.


TOPICS: Your Opinion/Questions
KEYWORDS: bhoinauguration; djia; obama; obamacrash
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It's very simple; the verdict is in.

On a day when markets are usually up markedly on hope and anticipation, they are in the tank.

The intelligent people of the world think Obama is a fool and have no faith that he can do anything right.

.... and they are right.

1 posted on 01/20/2009 4:02:07 PM PST by MindBender26
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To: MindBender26

Are you suggesting that some traders are only now learning that Obama is President?


2 posted on 01/20/2009 4:04:42 PM PST by 1rudeboy
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To: MindBender26

Dumbo’s fault!


3 posted on 01/20/2009 4:05:02 PM PST by southernerwithanattitude ({new and improved redneck})
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To: MindBender26

The Zero couldn’t even get a token rally out of the markets. A fitting beginning to what will be the worst Presidency in modern history.


4 posted on 01/20/2009 4:05:54 PM PST by TheWasteLand
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To: 1rudeboy

watch for the biggest transfer of money out of America in our history. Companies, and individuals are moving money offshore in droves.


5 posted on 01/20/2009 4:05:59 PM PST by devane617 (...And to the Republic For Which It Stood...)
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To: MindBender26

Hope and change! Investors hope that the market goes back up and fiddle with the change left in their pockets.


6 posted on 01/20/2009 4:06:02 PM PST by sheana
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To: MindBender26
The averages started going in the toilet when he started talking, and just collapsed from there. Remember to spread the word when you can...

Obama's fault.

7 posted on 01/20/2009 4:06:09 PM PST by chimera
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To: MindBender26

Last 10 Dow Jones Closes on Inauguration Day:

http://mrmarketrules.com/?p=263


8 posted on 01/20/2009 4:06:15 PM PST by Deo volente (High Noon, January 20, 2009: Our long national nightmare begins.)
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To: 1rudeboy

I’m suggesting read the tea (bill) leaves.... and weep.


9 posted on 01/20/2009 4:06:39 PM PST by MindBender26 (Never kick a leftist when they are down. Wait 'til they're halfway back up! You get better leverage!)
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To: MindBender26

Shouldn’t this be front page news?

Oh right, it’s only bad if it’s a Republican President/Congress is in power.


10 posted on 01/20/2009 4:07:16 PM PST by GOPsterinMA (Obama/Biden...change you can laugh at!)
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To: MindBender26
When Obama started leading in the polls, the Dow dropped. Around convention time, when McCain's poll numbers were improving, the stock market stabilized and even rallied. When Obama won the election, the market dropped again. The day Obama assumes office, the Dow drops 332 points. We are told that investors are reassessing earnings reports. Sure.
11 posted on 01/20/2009 4:07:48 PM PST by fhayek
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To: MindBender26

HUSSEIN’S EPIC FAIL.


12 posted on 01/20/2009 4:08:40 PM PST by roses of sharon (Pray Hussein fails!)
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To: devane617

Maybe. I am only noting that no one sat on their butts waiting for Inauguration Day to do it.


13 posted on 01/20/2009 4:08:50 PM PST by 1rudeboy
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To: MindBender26

thankfully my house is paid off as is my cars and i owe nothing to no one at just turned 40.

When this goes all face up they can only blame one person and one party or can they????????????????????????

I hope I really do that those idiots who voted for this phony gets their tuppence first, lose jobs, cars, big mcmansion and those leaving college who voted for him because it was cool might now think twice before they do a popularity vote


14 posted on 01/20/2009 4:09:11 PM PST by manc (Marriage is between a man and a woman no sick MA,CT sham marriage end racism end affirmative action)
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To: MindBender26

Obviously meaningless, but still a nice fact to mention to people clueless enough to praise or blame the President for the economy.


15 posted on 01/20/2009 4:09:31 PM PST by Arguendo
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To: MindBender26

No, no. The market dropped because Bush and Cheney weren’t out of DC before noon.


16 posted on 01/20/2009 4:10:20 PM PST by Toespi
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To: chimera

I’ll be saying that every day now for 4 years. along with how the Dems have ruined this country.

no one is safe as I’ll be saying it in the post office line, to the docs office to the mechanic waiting room etc


17 posted on 01/20/2009 4:11:02 PM PST by manc (Marriage is between a man and a woman no sick MA,CT sham marriage end racism end affirmative action)
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To: MindBender26

The DOW dropped 332 points on Inuaguration Day for a 4.01% loss.


18 posted on 01/20/2009 4:11:20 PM PST by Polybius
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To: MindBender26

SUCKERS!!!


19 posted on 01/20/2009 4:11:24 PM PST by 444Flyer (Don't beLIEve Obama.)
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To: devane617

Businesses are folding eveyday. It is having a domino effect on suppliers and will subsequently put them out of business etc.


20 posted on 01/20/2009 4:12:21 PM PST by Lady GOP
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