Stocks Tumble Most Ever in Post-Election

Barack Obama had a good day yesterday, however the Dow Jones didn’t ride the excitement wave today.

The Dow fell nearly 500 points in its biggest post-election skid ever.

I doubt that Obama being elected president had much to do with the skid, however I think his winning had at least some effect on today’s numbers. To be perfectly honest I think a McCain victory would have yielded the same result.

What we have to remember, and what the stock market reminded us today, is just because we have a new president that doesn’t mean the problem goes away.

A lot of people didn’t like Bush, but his removal won’t fix the problem; there’s still a crisis.

I think today’s fall in the stock market just reminds us that there’s a long road ahead.

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