Stocks Crash After Obama Win: Dow Loses 250 points

Didn't take long for the repurcussions to begin:

The Dow Jones Industrial Average lost nearly 250 points in the first hour of trading on Wednesday morning, the day after President Barack Obama won re-election to a second term in office. News of poor economic forecasts in Europe also drove the steep decline; the European Union is now predicting that it will slide into recession. European markets had actually greeted the Obama win with a brief rise, before economic reality set in.

European markets had actually greeted the Obama win with a brief rise, before economic reality set in. Growth is too slow in the U.S.--an anemic 2% at best, driven largely by third-quarter defense acquisitions--to take up the slack in the global economy. With the U.S. headed toward a fiscal cliff, and the balance of power in Washington essentially unchanged, with the president promising more tax hikes, markets see little reason for optimism.

It's going to be a long four years.

source: www.breitbart.com...

reply to post by MRuss


250 is not all that much. Probably a "Buy" opportunity.

The markets are merely a casino on a grand scale.

down 332 at the moment.
Not surprising in the least.

Obama will ditch the long term cap gains tax rate. He will ditch the qualified dividend rate. He will raise taxes and, come january he will also start cutting spending.

Wall street is merely showing its collective distaste for the future woes we're going to be facing.

reply to post by Zarniwoop


Down 332 at the moment.

It's not the numbers, friend. It's the implication.

So people are that worried about things that they are selling their stocks. This only shows how fragile this fake economy is. This idiotic news could cause a big selloff and drive prices lower, I see a lot of tptb causing this to happen. TPTB wanted control with less regulation and more profits, Romney would have given them that at the expense of the poor and middle class. What a bunch of fools in this country to believe in the stock market scam where the values of stock supersede the values of the companies by ten fold. The stock market has been going down for about three days, this is not related as much as people think, it is just a correction that needed to occur because it recovered unrealistically. People panicing and the automatic selloff software will drive it down a lot more than this. We have problems with our systems of finance in the world, the computerized age can cause a lot of major problems. Why do we need the high priced stock market traders anyway, they seem to be just a burden on the system nowadays, a status symbol.

I'm not surprised and not concerned either.

I think this is just sour grapes showing it's face.

I'm not thrilled with what happened, but I'm not contemplating jumping off a building either.

It will be fine. Life goes on. Either you want to do business and make some money or you want to curl up in a fetal position and cry rivers of tears...I happen to still like money. It's gonna take a few days or weeks for people to get over their pride and move on...but the truth is, they can sulk all they want or they can suck it up like an adult and do the best they can with what they have...

Freewill, choices and all that stuff.

What most folks do not understand is that to whatever extent there was the beginning of a legitimate recovery, it was being fueled by people & businesses optimistic about new management. I fear we may be headed for a major relapse

I'm happy team Romney lost. And even happier the stock market declined I only deal in physical monies and listening to dolts cry about it is as sweet as stolen watermelon.

Originally posted by MRuss
reply to post by Zarniwoop

 

Down 332 at the moment.

It's not the numbers, friend. It's the implication.

The implication being what?

That idiots were banking on a win by Romney?

Bet your glad you didn't take that one to the bank, now, like the rest of 'em, huh?

www.marketwatch.com...

this is the 5 year chart...if you look closely, in the autumn of each year since 08'. there has been a pullback. also, the financial community knows that a compromise needs to be reached, and the republicans ARE NOT there to provide them with a free pass.

The stock market has gained over 5000 under Obama, I think investors will be just fine.

What you are seeing today is investors making money off of people who don't have much money, but support Republicans, panic.

reply to post by jimmyx


Even NPR doesn't agree with you.

They just said this decrease in the DOW was directly attributable to investor's uncertainty.

But thanks for your reply.

So let me make sure I understand... over the last 4yrs the markets have increased about 100% (that's doubled) since 2009. Yet you say there has been no recovery. But the day after the election the markets drop 300pts and all of a sudden the economy is doomed because Obama was re-elected? So for 4yrs under Obama businesses and investors have doubled their portfolio but he's economic armegeddon now? I'm so confused. Or maybe I'm not the one confused.

Gotta love how logic takes a back seat to personal feeling around here, lately.

Tears are so sweet! I'll bring the cheese.

reply to post by Crakeur

Wall street is merely showing its collective distaste for the future woes we're going to be facing.

You may well be correct on this one, bean-counter

Should be interesting to watch.

reply to post by MRuss

This could be viewed as a vindictive act of the markets,and the criminals that enjoy exploiting them.

I was listening to Obama speak,I don't remember when,but he did mention something to the effect that he felt the markets had to be reigned in somehow.

I was very surprised to hear him say that,and the looks on the faces of those sitting behind him was priceless,they looked like their heads were gonna literally explode.Hillary especially.

He was referring to Glass-Steagall,legislation that was struck down during the Clinton administration,which set the stock markets and banks free to put us in the economic mess we are in again.

Freeing the markets to do what criminals do,and the fact that many jobs in the U.S. have literally been mechanized out of existence......

Don't think anything can be done to fix it without a serious sea-change in the way biz is conducted here....


Anyway....

This gives one a sense of who/what is truly in control here.

Some demonic figure once stated:

If one has control of the monetary system,it matters not who writes the laws.

If you think unbridled capitalism is a good thing,you don't take enough of the negative aspects of it into consideration.

It's about money till you lose it all,and you lost it all because of faith in nothing of substance.

Like building a house on the beach,with no foundation.

blablablablabla

Look, this isn't complicated. Nor is why you lost. Who owns stocks? Over 80% of stocks and mutual funds are owned by the top 10%. source You know, the people who were planning on benefiting from a Romney/Rep win. Change of plans. It'll bounce back once they untwist their collective panties.

Although some stock holders may have sold to show their collective anger over the results of the election, I believe this was a pre-planned drop, using the election as an excuse. Pretty sure the bears were lined up yesterday, and they're taking their monetary gains today.

Rest assured, everything that happens in the stock market is pre-planned. The news is only an excuse to feed the masses, so they don't realize how rigged the casino really is.

Originally posted by intelligenthoodlum33
Gotta love how logic takes a back seat to personal feeling around here, lately.

Tears are so sweet! I'll bring the cheese.

LOL...you made me think of this...

feel free to re-use often