What happened to the Stock Market after the election?

[xsited1]

Why is the DOW down 486.01 (5.05%)?

 

[Article 15]

Why is the DOW down 486.01 (5.05%)?

It's been up and down like a yo-yo for how long now?

 

[WillowTree]

it's those rich people hiding their money from the brockguy!

 

[Modbert]

It's been up and down like a yo-yo for how long now?

Don't tell some of these people that Article.

Don't you know the stock market is a giant Liberal conspiracy?

 

[xsited1]

Election-Day euphoria vanished in a cloud of negativity on Wednesday as the Dow plummeted almost 500 points, its worst post-election plunge on record. The losses narrowly surpassed the Dow’s 4.51% decline the day after Franklin Roosevelt’s win in 1932 during the Great Depression.

Floored: Dow Plunges 486 Points - FOXBusiness.com

 

[Truthmatters]

Wednesday, November 5, 2008 - 2:37 PM EST
ADP: Economy lost 157,000 jobs in October




Payroll company Automatic Data Processing Inc. estimates U.S. employers cut 157,000 jobs in October, the largest decrease in private sector employment in six years.

The ADP report comes two days before the Labor Department releases its October jobs report, expected to show a similar decline.


http://www.bizjournals.com/atlanta/stories/2008/11/03/daily60.html?ana=from_rss

 

[Article 15]

Floored: Dow Plunges 486 Points - FOXBusiness.com

And if the stock marked hadn't been up and down like a yo-yo the past two months you might have some kind of a point in this thread.

You don't.

 

[Skull Pilot]

just guessing here but people with greatly appreciated stocks sold out and put the proceeds in tax free municipals.

 

[DavidS]

If the stock market acted daily on one or two news stories, we would be in a much better position right now. Unfortunately, there are so many factors hindering the market, a 5% increase on capital gains taxes on all net income over $250,000 two years from now isn't likely something on investors' minds.

 

[xsited1]

And if the stock marked hadn't been up and down like a yo-yo the past two months you might have some kind of a point in this thread.

You don't.

My apologies. I should've posted this in the Economy section where there might possibly be more economically savvy people, although this is also tied to the election. This has been an historical indicator that provides insight into how confident investors are with the next round of politicians.

 

[Truthmatters]

Wednesday, November 5, 2008 - 2:37 PM EST
ADP: Economy lost 157,000 jobs in October




Payroll company Automatic Data Processing Inc. estimates U.S. employers cut 157,000 jobs in October, the largest decrease in private sector employment in six years.

The ADP report comes two days before the Labor Department releases its October jobs report, expected to show a similar decline.


ADP: Economy lost 157,000 jobs in October - Atlanta Business Chronicle:

It started diving this morning right afeter these numbers came out.

The WORST Umployment numbers in six years right before Christmas shopping season does not equal good numbers for the dow.