Obama was elected president, and the stock market plunged.
I hope that's correlation and not causation.
Oh, rest assured, the economic guru Chris Cuomo on GMA said this morning one had NOTHING to do with the other...without offering any kind of grounding for his statement.
Usually, there is a significant bounce in the market when a 'peaceful passage of power' is ensured by an intact election.
I think it's goofy that someone would opine the whole $250,000, no wait $150,000, oh, I mean $100,000 tax crap & income redistribution has NO impact on the market...at all.
Posted by: Guard Wife at November 06, 2008 03:42 AM (eb8pN)
Worst post-election percentage loss ever, though not by a ton: data
Posted by: Leofwende at November 06, 2008 07:53 AM (jAos7)
Oh, I just realized...guess who's in second place for worst percentage loss? FDR. Yep. Guess what we have to look forward to, if that's any sort of prediction...
Posted by: Leofwende at November 06, 2008 07:56 AM (jAos7)
You guys are so fucking stupid it's unbelievable. I can't explain it to you. Just trust me. You are all bat-shit crazy.
Posted by: WIll at November 06, 2008 08:38 AM (/Wwv3)
What is so different about it being down the day after an election than the months before it? C'mon people get some common sense.
Posted by: Ray at November 06, 2008 09:09 AM (l/CzG)
WIll: Speculation, research, and a little satire does not require a Kos-worthy flip out.
Cool your jets.
Posted by: Deltasierra at November 06, 2008 11:13 AM (YFIXC)
Wow, you gals are way more patient with this Will person than I would be. I would be banning him from my comments section right about now.
Posted by: Leofwende at November 06, 2008 01:16 PM (jAos7)
Leofwende: I feed trolls.
It's a bad habit of mine . . .
Besides, they're funny! We can point and laugh!
Posted by: Deltasierra at November 06, 2008 03:23 PM (YFIXC)
Gosh, namecalling with the "F" word and EVERYTHING...how exciting. Can't wait to see what you can come up with next...I'm already uber impressed so far today.
And, as far as questioning what is different about the stock market being down the day after the election and the significance of that compared to it being down months ago...um, it's because the day after the election is NOW and months ago is, well, NOT.
Posted by: Guard Wife at November 06, 2008 03:28 PM (eb8pN)
Leofwende -- Will has been commenting here for years. He bemuses me.
Posted by: Sarah at November 06, 2008 03:29 PM (TWet1)
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