Obama Elected...Market Falls 929 in 2 days
Printed From: MiddletownUSA.com
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Printed Date: Jan 08 2026 at 2:51am
Topic: Obama Elected...Market Falls 929 in 2 days
Posted By: Middletown News
Subject: Obama Elected...Market Falls 929 in 2 days
Date Posted: Nov 05 2008 at 4:23pm
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Post-election nerves sent stocks plunging as investors wonder what impact Barack Obama will have on business and the overall economy.
Volatility has returned on Wall Street, with the Dow Jones industrials falling 486 points to the 9,139 level, and all the major indexes tumbling more than 5 percent.
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Replies:
Posted By: .308
Date Posted: Nov 05 2008 at 6:14pm
| So.... where is the change? Just being a wise guy. I never expected any to begin with. |
Posted By: John Beagle
Date Posted: Nov 05 2008 at 8:16pm
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The following table shows the percentage rise or decline in the
Dow Jones industrial average .DJI, Standard & Poor's 500 index .SPX and Nasdaq composite index .IXIC on the day after a U.S presidential election and who won the Election Day vote. Year Dow S&P Nasdaq President elect 2008 -5.05 -5.27 -5.53 Barack Obama 2004 +1.01 +1.12 +0.98 George W. Bush 2000 -0.41 -1.58 -5.39 No decision: G.W. Bush v Al Gore* 1996 +1.59 +1.46 +1.34 William Clinton 1992 -0.91 -0.67 +0.16 William Clinton 1988 -0.43 -0.66 -0.29 George H. W. Bush 1984 -0.88 -0.73 -0.32 Ronald Reagan 1980 +1.70 +1.77 +1.49 Ronald Reagan 1976 -0.99 -1.14 -1.12 James Carter 1972 -0.11 -0.55 -0.39 Richard Nixon 1968 +0.34 +0.16 --- Richard Nixon 1964 -0.19 -0.05 --- Lyndon Johnson 1960 +0.77 +0.44 --- John Kennedy 1956 -0.85 -1.03 --- Dwight Eisenhower 1952 +0.40 +0.28 --- Dwight Eisenhower 1948 -3.85 -4.15 --- Harry Truman 1944 -0.27 0.00 --- Franklin Roosevelt 1940 -2.39 -3.14 --- Franklin Roosevelt 1936 +2.26 +1.40 --- Franklin Roosevelt 1932 -4.51 -2.67 --- Franklin Roosevelt 1928 +1.20 +1.77 --- Herbert Hoover 1924 +1.17 --- --- Calvin Coolidge 1920 -0.57 --- --- Warren Harding 1916 -0.35 --- --- Woodrow Wilson 1912 +1.83 --- --- Woodrow Wilson 1908 +2.38 --- --- William Taft 1904 +1.30 --- --- Theodore Roosevelt 1900 +3.33 --- --- William McKinley 1896 +4.54 --- --- William McKinley * George W. Bush ultimately was determined the winner of the 2000 election. Source: Reuters EcoWin ------------- http://www.johnbeagle.com/" rel="nofollow - John Beagle Middletown USA News of, for and by the people of Middletown, Ohio. |
Posted By: Pacman
Date Posted: Nov 06 2008 at 7:15am
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This one line says it all, throw into the Mix the Democrat House and Reid and Pelosi and we are in for one rough ride:
"The celebration is over. Today we saw a bit of reality," said Al Goldman, chief market strategist at Wachovia Securities in St. Louis. "President-elect Obama is coming into a situation with limited experience, having to handle an economy in serious trouble, a couple of wars and terrorism. It's an extremely tough job."
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Posted By: Middletown News
Date Posted: Nov 06 2008 at 9:21am
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I have to say it surprises me a bit. What with Warren Buffett being bullish and all. I would have expected a bit of a pop. Today looks equally bad.
Obama has already made it known that he expects to run again.
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Posted By: .308
Date Posted: Nov 06 2008 at 10:36am
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I would not want to be in his shoes for all the tea in China. |
Posted By: Pacman
Date Posted: Nov 06 2008 at 4:19pm
Looks Like two in a row, gonna be a lump of Coal for everyone for Xmas this year:
http://us.rd.yahoo.com/finance/news/topnews;_ylt=AhErinrDHx8DEW73zw.Ojey7YWsA/*http://biz.yahoo.com/ap/081106/wall_street.html - Dow Tumbles 450 Points as Economic Woes Mount - AP
Wall Street recoiled again Thursday, sending stocks sharply lower for a second day after Cisco Systems Inc. reported slumping demand and retailers turned in generally weak sales for October. Concerns about widespread economic weakness weighed heavily on the major stock indexes. |
Posted By: Middletown News
Date Posted: Nov 06 2008 at 4:24pm
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Day 2 Stock Market held hostage by uncertainty from an Obama presidency.
Today the market closed down 443.48 (Dow Jones Industrials)
486+443=929 DOWN in 2 days. That is more than 10%.
Obama is making history and all he has done is make promises. What happens if he puts those promises into action?
Promises of capital gains taxes and union organization help.
Maybe Trump is right. Where's Buffett? Busy buying stocks?
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