Why the Stock Market Is Bummed About the Election

[coolwalker]

On Election Day, stocks seemed upbeat about American democracy and the economy's future prospects. Even though polls showed the two presidential candidates in a dead heat, the stock market rose by nearly a full percentage point.



That honeymoon ended abruptly. The news that President Barack Obama won a second term has sent the market into a deep funk, with stocks down by more than two percent on Election Day +1. Manic investors are now giving the election results a big, fat raspberry.

http://www.usnews.com/news/blogs/ric...t-the-election

[Mainecoons]

Ummm, maybe yes, maybe no. Don't ignore all the bad news from Europe.

See this morning that McDonalds has had the first drop in same store revenues in a decade. Another leading indicator that the recession never really left?

[Taxcutter]

Early stages of massive capital flight?

[coolwalker]

Early stages of massive capital flight?

Just think...if you are a multimillionaire and want returns on your investment, you are going to invest wisely. You also have eyes and ears on the ground to find out what is good and bad. You don't have to invest...you are already rich, you just want a bit more but you will be damned if you will accept a loss. So you don't invest when you see that your government is trying to cover a rusty country (going broke) with Krylon...you know you have to remove the rust first, then repaint.

[patrickt]

Unrestrained regulation. Higher taxes. A federal bureaucracy that hates business, a president who proudly seeks to bankrupt industries, and a goal of seeing that everyone, whether they choose to work or not, get their share. Oh, I can't imagine why any one wouldn't be wildly optimistic about the future of the U.S.

[Pat]

The market has been due for a correction for awhile, I think this election result was the emotional trigger that set it off. I have been out of the market for awhile now anticipating this movement.

[truthmatters]

when it goes back up they wont give Obamas actions any credit for it.

They dont care about facts they just want amunition

[coolwalker]

when it goes back up they wont give Obamas actions any credit for it.

They dont care about facts they just want amunition

Your facts are our ammunition...but enjoy your day in the sunshine little girl, it won't last.

[Peter1469]

Disagree. The market loves Obama and his QE infinity.

We asked the EZ to hold off their crash through our election. They agreed and are now back into crash mode.

[Trinnity]

The market has been due for a correction for awhile, I think this election result was the emotional trigger that set it off. I have been out of the market for awhile now anticipating this movement.

Welcome Pat!