Also the worst inauguration day performance in NYSE history. Utilizing Mindseye's barometer for Obama's record, our country will be completely insolvent in 25 trading days; with all publicly traded stocks worth nil.
The COUNTRY won't be completely insolvent... just the sector that relies on making money for nothing thru speculation.
Of course... I recall quite a few stock market Rallies as the direct result of Obama... like the one the day he got elected, the one the day he announced his financial team, etc...
Stocks fell because of one thing... Everybody knew what to expect of Bush and could 'wager' accordingly ( most successful traders in the last few months have been
betting on
economic failure )
But as of the 20th... nobody knows what to expect...they aren't sure whether they should bet on failure, or on recovery...
They Do know that the free rein of graft and no SEC enforcement is OVER, tho... and they are rightfully nervous that their scams and unethical practices will be exposed.
My heart bleeds for the useless fucks who do nothing but mess with the economy by trading paper.
They all want to get rich by doing nothing, producing nothing.