Stock Market Has Worst Post-Election Drop Since Last Time Obama Was Elected


It’s almost like electing a man who has dedicated his time in office to destroying the American economy…. has economic consequences.

The Dow Jones industrial average is down 2 percent, putting it on course for one of its worst one-day drops following a U.S. presidential election. The biggest, in 2008, came in the midst of the financial crisis on the day after President Barack Obama won his first term.

The men whose victories did really bad things to the stock market like Obama’s? FDR and his corrupt Vice President, Harry Truman. And before you start thinking cliches about the Greatest Generation, FDR didn’t save America from a depression, he buried it deep inside one, until a global war shook it out.

And there’s more good news where that came from.

In the past week, the stock market has suffered through two of the worst single-day point drops in history.

People with hope for the future hardest hit. But don’t worry, the recovery is coming. There’s plenty of government jobs. Now we just have to find someone to pay for them.

Maybe China wants to lend us another 10 trillion?

  • Mary Sue

    Oy! Couple this with the Dollar falling AGAINST THE EURO! THE EURO! Where Greece Italy and Spain are basket cases!

    If America goes 2nd or 3rd world all the leftists will be standing around wondering what the heck happened.

    • Daniel Greenfield

      As dysfunctional as the EU is, it's still more functional than Obama and his corrupt cronies.

      • Mary Sue

        that, my friend, is the sad part.

      • Philip E

        Amen!

      • objectivefactsmatter

        "As dysfunctional as the EU is, it's still more functional than Obama and his corrupt cronies."

        If you're speaking about the leadership, I agree. I think the EU as an institution compared to the US is far worse at this point without any doubt.

        To take your point though, if this trend continues, many of us may find ourselves begging to get in to Denmark or France. Tint your skin before applying and adopt exotic ideologies too.

    • Tom G.

      I wonder if lefties will "wonder what happened," or bask in schadenfreude, even as the middle class goes down the tubes with them. "Well as least we brought down the plutes, so it can't be all bad. If a few widows and orphans have to starve, too, c'est la vie. The plutes would have starved them intentionally anyway. We only did it as corollary damage to our good intentions."

      100 years ago Argentina was wealthier than the U.S. on a per capita basis, was safely removed from the 20the century's great wars, and didn't have a tortured legacy of slavery and ethnic strife to repair. They passed unsustainable social programs in the 19-teens and finally ran the country into the ground under populist demagogue Juan Peron in the 1940s and 50s. Argentina has never recovered. In fact, they keep making the same mistakes — hyperinflation, riots, repeated devaluations, followed by more elections won with fatuous promises. Have they ever "wondered what happened?" I don't know.

      • Mary Sue

        Yeah at some point the socialist-induced stupidity becomes terminal. :(

      • objectivefactsmatter

        "I wonder if lefties will "wonder what happened," or bask in schadenfreude, even as the middle class goes down the tubes with them. "

        Knowing the character of many radicals I've met, I think they'll slip in to overt criminal mode very easily and consider themselves warriors for the revolution. They'll start following certain aspects of Sharia law regarding looting and so forth.

        If things get worse, there will eventually be a civil war, because there are too many people who do know the US constitution. Counter-revolutionary forces will be available for sure.

    • Canadian

      The leftists are so stupid they will still blame Bush for everything even if things crashed

    • https://www.facebook.com/NessaEllenesse Linda Dawson

      no they won't, they will know what happened. This is what they want. They want us to become a third world country

    • Guest

      They'll still blame Bush!

  • Free

    That is because Wall Street fears another cliff hanger on the deficit "talks " .And because Obama got elected , that indicates more non-co-operation between the two parties . So it is up to the Majority Leader Boehner and the President to express some sense of compromise , or willingness to talk . In fact it is their National duty as SERVANTS of the American People to act in the interests and Greater Good of the United States , not their respective parties .

    • objectivefactsmatter

      "That is because Wall Street fears another cliff hanger on the deficit "talks " .And because Obama got elected…"

      Worship who you want, but anyone who knows anything about economics and investment knows that Romney had a constructive plan while Obama indicated at best he will do nothing different and at worst, he's saving the bad news about "hope and change" for these "flexible" days.

      If you think that investors do not consider the results (Obama's victory) bad news, you are totally clueless on the subject.

      • Free

        Investors make money my freind ,and will do so in any environment .There are two things they do not like,uncertainty and wars . If you look at the list of donations , you will find that just about all Wall Street firms contributed about equal sums to both Campaigns . It is not a question of worship , so belay your apparent anger , it's simply a matter of knowing how markets will react .The fact that the market came up from the mid 6's in 2008 to 13 in 4 years , does not say anything about Obama , it shows the economy grew , slowly but steadily , confidence grew as it adjusted to the new president .The reason it dropped was just as I stated earlier .It was more likely a republican president could break the gridlock , but it was not to be .So knowing two things drive the market greed and fear ,and Obamas re-election both factors were in play to sell -fear /to take profits-greed .

        • Free

          Those same sellers will be seen amongst the bargain hunters when prices go low / simple rule sell high buy low .Now if the two parties , in the next 6weeks of time show signs of going to the edge again ,I can gurantee you TWO things will happen- Another Recession worse than the last ,and quite possibly a collapse of the Euro Markets/ also any politician be he Republican or Democrat whose term is coming up snd who is seen as contributing to gridlock , will lose their seats in the midterms . Don't let your emotions get the best of you .Even if Romney won , and then held to a position of the same gridlck , that "bad " you mentioned , would happen eventually between now and the deadline . The Market will go up merely at the mention of both parties working or even talking about resolution of a plan .

    • patron

      Boehner offered $800 billion in taxes. Obama said no and raised his price higher at the last minute. From his past history of fraud and stubbornness, I doubt Barak Obama will suddenly find the center.

      Even with the dreaded sequester which all experts say will wreck our economy, the US is still $1 trillion a year in the red.

  • κατεργάζομαι

    RE: "Stock Market Has Worst Post-Election Drop Since Last Time Obama Was Elected."

    Should read:

    ………….."DOW JONES MAKES SENSE for the SECOND TIME in FOUR YEARS!"

    • objectivefactsmatter

      I'm sure more than a few investors had computer displays dedicated to election results while others were fully prepared to execute the transactions they had planned for the doomsday scenario that occurred.

      • κατεργάζομαι

        Maybe predator, George Soros took the day off and he was pumping Ouzo in Victory

        ,…. instead of pumping the Stock Market.

  • Free

    But dont worry about the market , whenever there is a sell off , those sellers are seeing a short term optimal price , which will be followed by the bargain hunters buying low , which ironically will include those same sellers .But there will be serious trouble if the Republicans and Democrats dont get their act together.

    • objectivefactsmatter

      "But dont worry about the market , whenever there is a sell off , those sellers are seeing a short term optimal price"

      Dummy,

      The useful function of the market is not to make money for day-traders. It is to raise capital for companies that use it to create things. Therefore lower prices for stocks means that companies have less ability to raise capital to produce things.

      Please see "GDP" and tell me how stock prices do not influence GDP, albeit indirectly.

      • Free

        No need to be insulting my nervous freind .There is much more at work than you know , there are supercomputers tied into the market ,that already have caused rather large drops . Besides , we are talking about how a presidential election effects stock prices and why..aren't we ? Both GDP and Stock prices were what they were on Monday , yet the market went down 300 pts on Wednesday , did the GDP change from Monday ?Haven't you been watching how wall street has been reacting on a daily basis to good or bad news in the EU ?

  • jose

    It's over, get ready for obama to thrust his economic flesh parting sword threw the heart of every American. Those people who work hard every day to feed and keep their family safe from Islam.

  • Free

    Great picture , gives me vertigo .It will be more appropriate to us it again for real , if our elected public servants can not forge a deal by January .. That will pound the savings and 401k's of the middle class, not only but the EU which is virtually being kept afloat by events in our economy and the possibility that Congress will NOT behave as it did in the past , will collapse too , further exacerbating our economy . It's time for our public servants to act responsibly .Both Parties claim to be for rescuing the middle class ,and jobs -we'll see how much so in the next 6 weeks .

  • trickyblain

    Of course, no president in modern history has overseen bigger gains over four years in the Dow.

  • Mike in VA

    "Stock Market Has Worst Post-Election Drop Since Last Time Obama Was Elected"

    Surprise!!

    Elections have consequences…

    • Free

      You're right , and they are temporary , and then they adjust .The market has had about 4 greater drops in the last two years .So that statistic is really subjective .in its overall affect to the market . Now if you want to see a serious drop , watch what happens if our polticians start shooting at each other again .

  • objectivefactsmatter

    "FDR and his corrupt Vice President, Harry Truman. And before you start thinking cliches about the Greatest Generation, FDR didn’t save America from a depression, he buried it deep inside one, until a global war shook it out."

    It boggles my mind how are it is to hear this fact about what saved the economy. Truman was corrupted early on, but I think he was also a man of conscience who got caught up, and tried harder than any other president to make altruistic, patriotic decisions while serving as president and VP for that matter. He didn't save the economy though. Hitler did. Not that we wouldn't have recovered some other way, but not under Roosevelt, that is for damn sure.

  • Free

    This is hardly the time for criticizing dead men . Neither of those two men caused the Great Depression , nor did they bring Hitler to power or influence his agressions .Not to mention , your statement is highly argumentative at best and irrelevant to the present situation . What gives you the impression that I'm thinking about cliches regarding FDR ? Or better , how do you know what I'm about to start thinking ?

  • Gamaliel

    A global war did not bring us out of a depression. That myth is a leftist excuse to spend money.

  • aligarr

    That seems to be the “myth ” that Mr. objectivefactsmatter put forth, from his obvious position on the right . Your statement makes no sense .

  • Aligarr

    In Fact , the market took 3 dips from Nov.2011 to the day after the election . All of which were about the same or worse than yesterdays drop .

  • Free

    In Fact , the market took 3 dips from Nov.2011 to the day after the election . All of which were about the same or worse than yesterdays drop .

  • http://www.beatthenifty.com SHARE MARKET

    But dont worry about the market , whenever there is a sell off

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