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Dow Down 22 Percent Since Election Day

November 20, 2008 RSS Feed Print

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OK, we've had a bear market even if you count only the losses since Barack Obama was elected.What, don't investors know the MegaStimulus Package is on the way? Maybe instead of a guesstimated $500 billion, it should $1 trillion or maybe even $2 trillion (which I actually heard suggested on CNBC). Or maybe we should do what we did the last time we faced a severe economic downturn ...

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Just bow down to our lord and savior- The Obamessiah. As soon as he is sworn in, all these problems caused by Bush and the Republicans will be solved in a short time. We should quickly stop drilling and energy exploration, destroy the oil industry, destroy the coal industry, raise taxes, send a truckload of money to the failed American Auto Industry, and force unions on every business in America. Voila!! Eutopia will appear. Jack

Jack of LA 1:43PM November 21, 2008

Is that Obama Math? 88%?

VotedAgainstO of NJ 9:51AM November 21, 2008

If the dow is down 22% in 16 days since election, that leaves 88% of preelection DOW number, It is falling an average of 1.375% a day. The way I figure it the DOW will be down to zero in 64 days. Then noth'n be woth noth'n. Just open the stores and evertng be fre fo evorbdy. Go"n be and intrng nex fo yer.

of 7:43PM November 20, 2008

Dow Down 22 Percent Since Election Day

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