Day after Obama win: DOW down more than 500

MSN Money | 11/5/08

[pabianice]

Bombs away! No free gas or mortgage for you!

[Terry Mross]

When the wealthy start taking their money off shore and hiding it the DOW may very well hit 500.

[LizardQueen]

I’m short approximately 600 shares of assorted stocks and am having a VERY good day. It doesn’t make up for the utterly horrible night last night but at least I’m getting something out of it.
And I’ll book the cap gains this year before Comrade Ubanga gets his mitts on it.

LQ

[muawiyah]

You are not near the bottom if you only took a 50% hit. This is going much deeper than that.

It's the Fear Factor!

An informed fear at that!

[petro45acp]

CRA...enacted by CARTER, strengthened by SLICK WILLIE, and primarily responsible for both the housing boom (hollow) and the mortgage crisis.

POS commie legislation, sponsored, supported, strengthened, and manipulated by DEMOCRATS.

ruefully

[Aquinasfan]

I would have figured that an Obama presidency was already factored into the market averages.

Theory: institutional investors already factored it in. Individuals now bailing out.

[Aquinasfan]

ROTFLMAO! Re:#28 Software Engineer, you should be in a different kind of work.

[muawiyah]

Thinking that one through I think many listed companies would simply buy up all their outstanding shares.

A bank called FifthThird in Cincinnati is owned by a Trust Fund controlled by the Schmiddlapp Foundation. The bank, in turn, appoints members of the Schmiddlapp Foundation's Board of Directors.

It is feasible for a company to operate the same way, and be eternal.

[Lexinom]

Don't forget the coup de gras:

Hung around the neck of the Bush Administration by the very folks (Frank and Dodd) who opposed Bush's attempts at reform in 2003 and 2005 - on the very grounds that resulted in the crash!

All documented, BTW, for posterity, from mainstream press sources.

[muawiyah]

Yes, and very near a steel mill so I can at least pick up pieces of coal from the railroad.

[Lonely Bull]

Bombs away! No free gas or mortgage for you!

Oh, don't worry! You'll still get free gas and a free mortgage if your annual income falls below $250,000 $200,000 $150,000 $97,000 $9,700 $970 ...

[cblue55]

The stock market is racist.

[savedbygrace]

The stock market is racist.

LOLOLOLOLOLOL!

[muawiyah]

Say, Software baybeeee, can you dig it with a little something built around “Obama lied the economy died” but more like “The Night Old Dixie Died” or maybe “I cried the day momma died” ~ two songs ~ we can package that ~ a clubpack for Price Club.

[mdmathis6]

“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. “

Phewww, I think I could use a little of what you have been smoking...it must be exceptional in its potency!

[VOA]

Day after Obama win: DOW down more than 500

So much for any slim sliver of hope that McCain might be elected.

One does think of going totally to cash and "going off the grid".

But to be gracious even to the friend of Bill Ayers, Bernardine
Dohrn and a Palestinian terrorist:
Congratulations, President-Elect Obama.

And good luck.
You're going to need it.

[shadowspapa]

>>It’s Obama’a fault!<<

Uh, actually didn’t an MSM reporter or two actually imply that?

There IS a pattern!

[popdonnelly]

“CNBC kept saying all day it was not due to Obama’s election.”

How do they know that? All the NBC networks are in the tank for Obama.

[popdonnelly]

Man, my IRA is toast.

[Tallguy]

Yeah, you’d think. All the floor traders’ bosses were contributing mighty heavily to Obama’s campaign. They should have seen this coming.

[Danette]

bookmark for future proof why the market started sinking the day after.......