Thursday, November 6, 2008

obama victory brings bad news

The Dow falls 486 points, a stock market drop of 5%, the day after the election. Did Obama's victory cause this? Nope. Market traders knew he was going to be elected over a month ago.

There is other bad news though. This video shows the tragic aftermath of the Obama victory:




Be blessed.
RB

P.S. Last week, "analysts" in the media claimed the Fed changing the target for the federal funds interest rate spurred a one-day stock market rally. Nope. Market participants already anticipated that obvious move long before.

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