Interesting Economic Fact

[Robert R. Higby]

Today was the worst stock market decline on the day after an election in history. The second worst: the day after Roosevelt was elected in 1932. Because of the election of Roosevelt and fear of what his New Deal promises would do to the economy, the Depression lasted several years longer than it otherwise would have. The economy was starting to recover before he entered into the Presidency and killed the rebound.

Likewise, the stock market in our times has been remarkably tied to the fear of an Obama presidency. After the George Bush alarm and sellout (commonly but falsely termed a 'bailout'), the polls dramatically swiched in favor of Obama and the market tanked for weeks. In the last week, it modestly recovered in the vain hope of a potential McCain victory as the polls narrowed a bit.

[Brandan Kraft]

This was entirely predictable...

[MCoving]

And a bummer for my parents... most my dads income is in the stock market. He's retired accountant/buyer so he does get some of that pay, and eventually social security. But times are hard on them right now (from what they were.. I know there are many poor out there and not as blessed as us, just stating a fact not trying to complain), if they weren't they'd be able to help me out some more with my medical expenses and all. So I do hope at some point the stock market goes back up. I do hope that we are not in a recession or depression for too long. The only good thing is the gasoline prices have gone down, that really helps me out some.

[Calvinator]

Someone at work today told me the difference between a recession and a depression. A recession is when your neighbor is out of work and a depression is when you are out of work.

[Brandan Kraft]

DJIA is now down 1342 points since BHO was elected! (13.95%)

http://finance.google.com/finance?ch...JX:.DJI&ntsp=0

I had feared that the clowns were running the circus, but now I'm afraid they've set fire to the tent!

[rlhuckle]

Given that the gov't earmarked 750B for the banks; 50B for AIG; don't know how much for fannie and freddie; and now GM and who knows what else is comin....how long before we all end up working for the gov't and find ourselves living in a capitunist or communipital country! Zimbabwe suffered how much inflation this year?

[Brandan Kraft]

Dow on election day was 9625, today 7997

[Brandan Kraft]

Ps 141:9-10, (NASB)
Keep me from the jaws of the trap which they have set for me, And from the snares of those who do iniquity.
Let the wicked fall into their own nets, While I pass by safely.

[Brandan Kraft]

7,552.29 -444.99

[Brandan Kraft]

Dow back down below 8K