Day after Obama win: DOW down more than 500

MSN Money | 11/5/08

[pabianice]

Bombs away! No free gas or mortgage for you!

[Boardwalk]

For here on in it is all Obama’s fault!

[tiniyo]

This isn’t going to stop my mortgage from getting paid or my free gas, right? What about my free fried chicken?

[joinedafterattack]

CNBC kept saying all day it was not due to Obama’s election. They said it over and over, and over again. They felt the need to reassure us. Amazing!

[subterfuge]

Well that settles it. The DOW is racist.

[papasmurf]

heh-heh. My inner evil-ness wants bad things to happen.

{go away, evil papasmurf, go away!}

[boomop1]

Thanks America, as led to the slaughter, your tax break check will be held in trust.

[Dr. Ursus]

IT’s Bush fault-will last 50 years!

[SoftwareEngineer]

Obama Obama..
I need to call my mama

Obama Obama
I need to tell her about this election drama

Obama Obama
I sure hope you can find Osama

Obama Obama
Gas prices better come down or I will have to ride a llama

Obama Obama
Soon all we will be left with is our Pajamas

Obama Obama
God Help Us...we say to Jesus, Buddha and Rama

Obama Obama
Its your fault

[petro45acp]

“That’s OK - for the next 12 months we will all be told it is simply the fallout from Bush / Cheney (sarc)

IT’S ALL BUSH’S FAULT - is slogan with a very long half-life”

That’s true on the face of it, but the hollered reply needs to be COMMUNITY REINVESTMENT ACT!

Remember the CRA!

[ETL]

Much of the tanking in the past couple months was due to the favorable prospects of an Obama presidency. The rest because the leftist democrats sabotaged the economy by covering for Franklin Raines and Fannie Mae.

Must see 2004 video: Democrats Defend Fannie/Freddie from Regulation:
"We've been through nearly a dozen hearings where frankly we were trying to fix something that wasn't broke. Mr. Chairman we do not have a crisis at Freddie Mac and in particular at Fannie Mae under the outstanding leadership of Mr. Frank Raines."-Rep. Maxine Waters, 2004
http://www.youtube.com/watch?v=YL36nwCSYUM
_________________________________________________________

History of Fannie Mae scandal
Associated Press, December 7, 2006
"Fannie Mae announces its long-awaited restatement, erasing $6.3 billion in profit from 2001 through June 30, 2004."
http://www.boston.com/business/articles/2006/12/07/history_of_fannie_mae_scandal/?page=1
_________________________________________________________

Guilty Party: ACORN, Obama, and the mortgage mess
Mona Charen, September 30, 2008
http://article.nationalreview.com/?q=Mzk4MmVkNzA1NGQ2NGRkZjQ2YjNmYjdlODZkMmQ4N2I=
_________________________________________________________

An ACORN Falls from the Tree: A congressional outrage
Ken Blackwell, September 29, 2008
http://article.nationalreview.com/?q=N2Y5MTc0ZTAyMmE1Mjk3NGE3OWRiY2FkMjZlN2YxYzc=
_________________________________________________________

Inside Obama’s Acorn:
By their fruits ye shall know them
Stanley Kurtz, May 29, 2008

"What if Barack Obama’s most important radical connection has been hiding in plain sight all along? Obama has had an intimate and long-term association with the Association of Community Organizations for Reform Now (Acorn), the largest radical group in America. If I told you Obama had close ties with MoveOn.org or Code Pink, you’d know what I was talking about. Acorn is at least as radical as these better-known groups, arguably more so. Yet because Acorn works locally, in carefully selected urban areas, its national profile is lower. Acorn likes it that way. And so, I’d wager, does Barack Obama."
http://article.nationalreview.com/?q=NDZiMjkwMDczZWI5ODdjOWYxZTIzZGIyNzEyMjE0ODI
_________________________________________________________

Bailout Politics: The Congressional Dems who enabled this crisis are now being trusted to fix it?
Thomas Sowell, September 30, 2008
http://article.nationalreview.com/?q=OWE3OWU3OTExYzNlNTUzMzY2YmJmOWZjMzcwN2M1NjU=
__________________________________________________

[muawiyah]

Thank you Mister 'bama. I'm still in a cash position. Could'a taken the risky road over the last 3 weeks and bought low and sold high (20% high), and barely made it in before the ZOT (assuming I recognized that the peak happened BEFORE the results started coming in.

I think I'll let this sucker sink another 30% and then buy at the bottom!

By then the Democrat masses will be cold, starving and shivering in the basements of their burned out houses and will have no ability to resist as I TAKE OVER THE WORLD.

[Presbyterian Reporter]

It looks like a classic “Buy the rumor (yesterday that McCain might win) and sell the news” (today Obama did win).

We could see a continuing decline in the stock market as those folks holding stocks are looking to sell and lock in the 15% capital gains rate that will go away under the Obama regime.

If the market does continue to fall, the media will blame the decline on the Republicans and most of the public will buy the lie as they did yesterday.

All in all, it does not look good for America.

[boomop1]

Not on here.

[apt4truth]

I think it is clear the market doesn’t think much of Obama being elected. We are in for some tough times and Obama will get the blame rightly or wrongly. He is guaranteed to be a one term wonder.

Sara Palin in 2012. It is never to early to start.

[RSmithOpt]

It’s Bo’s fault, Bo knows.....

[6SJ7]

The stock market? Oh bomb ahhhh!

[Arrowhead1952]

The Asia markets might not be so excited now that they see us investors view of the election.

But, but, but, we were hearing the entire world wanted BO to win. He would heal the ills of the world.

[Azzurri]

That’s OK - for the next 12 months we will all be told it is simply the fallout from Bush / Cheney

Only 12 months? Trust me, in four years they will still be running that everything that went wrong in 2009-2012 was Bush's fault and they need more time to clean it up.

[muawiyah]

Well, it was, but there's more to come ~ Ohio's stupidity is one of the things just sinking in. A state with as much geography as West Germany and a major chunk of America's most productive electric motor driven industrial base decided they wanted to live without coal fired power plants.

It's just now sinking in that those people are MAD, stark raving mad.

[Vermont Lt]

I sold everything on Friday afternoon. I was concerned about some stupid move over the weekend. Today I feel vindicated. Cash is king....