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.