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Topic: Stocks plunge one day
after Obama reelection |
Stocks plunge one day
after Obama reelection
USA Today, by Adam Shell
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Original Article
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Posted By:NorthernDog, 11/7/2012 10:32:57 AM
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| NEW YORK — U.S. stocks opened sharply lower Wednesday following the re-election of President Obama. In morning trading, the Dow Jones industrial average was down more than 200 points, or 1.7%. Investors' initial reaction is decidedly negative over the defeat of the more business-friendly Mitt Romney and the continued gridlock in Congress that will make it tough for lawmakers to avert a fiscal policy crisis by year-end. The Standard & Poor's 500 index and the Nasdaq composite index were down more than 1.6 % or more in morning trading, and stocks in nearly every industry were heading lower.
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Comments:
Who cares? You can still order your free birth control pills on your Obamaphone.
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Reply 1 - Posted by:
pineledger, 11/7/2012 10:35:24 AM (No. 8996087)
No surprise here. With the capital gains and dividends income treatment ending, why own stock?
I'm rebalancing as fast as I can.
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Reply 2 - Posted by:
michellewsc2, 11/7/2012 10:37:47 AM (No. 8996096)
I hope it plunges another 700
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Reply 3 - Posted by:
Grady, 11/7/2012 10:42:10 AM (No. 8996116)
I hope we crater.
This country will never bounce back until we hit bottom.
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Reply 4 - Posted by:
BaseballFan, 11/7/2012 10:47:15 AM (No. 8996145)
Amen to that #1.
Lost a bundle in 2008 - not going to happen again, even with the tiny recovery we made since then.
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Reply 5 - Posted by:
deepthinker, 11/7/2012 10:48:55 AM (No. 8996157)
Gee.And my "financial advisor" has been on my case about having "too much" in cash and gold...
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Reply 6 - Posted by:
jimmyfoxhound, 11/7/2012 10:51:28 AM (No. 8996171)
Hang on, this is going to be a bumpy ride!
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Reply 7 - Posted by:
Phantomll, 11/7/2012 10:58:26 AM (No. 8996201)
"Forward" according to Ø.
I feel physically ill this morning.
Good bye America. It was nice while it lasted.
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Reply 8 - Posted by:
kono, 11/7/2012 11:01:52 AM (No. 8996219)
Stocks plunged 4 years ago when it became clear Obama was going to be the next Prez. Watch the MSM report this time as Bush's fault, too.
Visitors to Liberal websites today are advised to don their Gallagher show front-row gear (hooded rain slicker), as anyone who strays near their combined, colossal, celebratory circle jerk might never get the stains out...
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Reply 9 - Posted by:
Keekng, 11/7/2012 11:02:27 AM (No. 8996221)
If the election had gone in the opposite direction the market would be soaring!
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Reply 10 - Posted by:
Garage Logician, 11/7/2012 11:08:04 AM (No. 8996245)
Buy gold.
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Reply 11 - Posted by:
FL_Absentee_Voter, 11/7/2012 11:11:03 AM (No. 8996257)
I just punched out. Up ~9% from the last big buy but it's time to sit back and watch from a safe distance.
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Reply 12 - Posted by:
antiquegolf, 11/7/2012 11:24:28 AM (No. 8996306)
Update, down 300.
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Reply 13 - Posted by:
mickturn, 11/7/2012 11:26:29 AM (No. 8996318)
I got out of stocks 4 years ago...there have been some faux gains created by the Fed pumping up the money but no real growth.
I plan to stay totally out of the market as it is so unpredictable...one day up, next down, up/down...bla bla bla. At the end of the year you have risked bundles of cash and made $2 or lost $500...no thanks!
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Reply 14 - Posted by:
mickturn, 11/7/2012 11:27:36 AM (No. 8996322)
O is walking backwards saying forward...as he blindly walks backwards off a huge cliff...bye bye...
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Reply 15 - Posted by:
cube, 11/7/2012 11:37:35 AM (No. 8996366)
As far as I'm concerned, the US voted and it got the government it deserved. Don't come crying to me when the economy tanks because there's no money to feed the free-stuff parasites that were driven to the polls.
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Reply 16 - Posted by:
Judith, 11/7/2012 11:57:53 AM (No. 8996458)
The pirates won the election and the survivors are jumping ship. Wonder where everyone will head?
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Reply 17 - Posted by:
mackrand, 11/7/2012 12:23:15 PM (No. 8996584)
I'm a real pessimist today. I predict that today is the day the World Wide Depression starts. The United States is basically the leader of the world wide economy and as of today there is no way a business man can predict anything but disaster from all the obvious signs here.
There is no coherence or optimism to be seen. None! Obama owns this one.
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Reply 18 - Posted by:
SouthSanAntonio, 11/7/2012 12:28:54 PM (No. 8996603)
NØbama won't even feign interest anymore.
He got re-elected. He doesn't have to even pretend to care about the peasants. They do not serve any purpose to him any more.
So you loose your entire retirement savings to a stock market crash, what is it to him? No skin off his back. He'll just jump in AF-1 and fly over to Hawaii for a few days of golf...
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