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Full Version: Markets unimpressed thus far with Obama victory.
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DJIA drops nearly 800 points in 2 days since election. 04-jawdrop
Commentator said this morning, more to do, the thrill of the election is over, now people are actually looking at the economy and what they see is not impressing them. Less to do with the presidency and more to do with the situation in the trenches.
I don't agree. The Markets look 6 months down the line and react accordingly. They don't like the Obama promises of tax increases and social spending programs. The latter will be the first promise he breaks, trust me.
The market reaction is just spin.

We have a president no one has heard from in weeks, and another that can't do anything for 11 weeks. It might as well seem like nothing is happening on the executive level, other than W tuning up his presidential pardon pen.
Obama's fault?? BWAHAHAHA! Oh, please! This couldn't POSSIBLY have anything to do with reports of the U.S. losing a quarter of a million more jobs last month, and GM and Ford tanking big time again. No. Can't be. It must be Obama. Riiiiiight.
Do you think if Investors had confidence that Obama's policies would quickly right things they'd be diving back INTO the markets instead of running like sheep, Whinny? The Obama team strongly hinted he'd name a new, dynamic Secretary of the Treasury yesterday. It didn't happen. In a volatile market like today's those things matter-BIG TIME.
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