Nov 6, 2008

Stock market welcomes Obama win with biggest post-election drop ever!

The Dow plummeted on Wednesday, a day after Barack Obama's election win as reported here.

The nearly 500 point drop marked Wall Street's biggest loss ever on the day after a presidential election.

Then on Thursday the Dow Jones industrial average tumbled again - this time more than 400 additional points as reported here.

The stock market often reacts to what it likes or fears from a new presidential administration. The stock market clearly is not comfortable with Obama and his economic plans.