not just Robert Byrd, but Wall Steet faints, as well. [rquoter]Markets Have Record Slide For Obama Inauguration Wall Street ushered in the Barack Obama presidency with a record Inauguration Day slide Tuesday amid fresh signs the global bank crisis was far from over. An index of bank stocks lost 19.7 percent on fears of more losses. The Dow Jones industrial average fell 332.13 points, or 4.01 percent, to end unofficially at 7,949.09. The S&P 500 Index slid 44.90 points, or 5.28 percent, to finish unofficially at 805.22. The Nasdaq Composite Index tumbled 88.47 points, or 5.78 percent, to close unofficially at 1,440.86. Meanwhile, the White House Tuesday outlined some of President Barack Obama's major policy objectives as he became the 44th U.S. president. The first African-American to become U.S. president swore to preserve, protect and defend the Constitution against a backdrop of a deep economic downturn, a trillion dollar federal deficit and fears of more bank losses. Barack Obama took office on Tuesday with bank shares tumbling, the car sector teetering and a world economy in tatters, and the new U.S. president vowed to meet the daunting challenges. His aides vowed to go to work immediately, armed with the authority to spend the second half of the $700 billion financial rescue plan and a proposed stimulus package of $550 billion in spending and $275 billion in tax cuts.[/rquoter]
expect it to go back up up up for a month or two, then completely plummet sometime before sep 2009. The inauguration was a distraction so that most people don't pay attention to this. Also has nothing to do with GW, btw.
If anyone in the market is stupid enough not to have known before today that Obama was going to be President, then there is no hope, and the market should be put out of its misery.
I wonder what the net gain or loss in the level of the market was during W? I say it is a bit early to make a determination on O, but the jury has definitely spoken on your man.
Great, we get to look forward to four to eight years of intergalactic b---s--t from basso and bigtexx, neither of whom seemed too bothered by these past eight years of the worst presidency since....well, ever? Hey! Let's make it worse! Where's T_J?
The market figured out Obama was going to be President in November 2007? Perhaps if you had listened, it would have saved you a lot of ignorant posts about why Obama was going to lose in the primaries and was unelectable, blah blah blah.
who's b****in'? i'm not in the market right now, and i'm cautiously optimistic about the O presidency. <object width="445" height="364"><param name="movie" value="http://www.youtube.com/v/BYFTp_8NkGE&hl=en&fs=1&rel=0&color1=0x3a3a3a&color2=0x999999&border=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/BYFTp_8NkGE&hl=en&fs=1&rel=0&color1=0x3a3a3a&color2=0x999999&border=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="445" height="364"></embed></object>
Of course you are. That's why you posted this, just yesterday: Your money, to Chris Dodd and Charlie Rangel. And your ass? That's Barney Franks'... ...it's gonna be a long four years. Do you actually believe the drivel you type?
If you are cautiously optimstic now, I would hate to see when you are pessimistic. Are we going to see 1000 anti obama theads a day then?
