Wednesday, November 5, 2008

Stock Market reels in shock of an Omerica!

There is no greater cause and effect on what the free market thinks of a president then the day after an election
in 2004 up flat: 0%
in 1996 ip 100pts about 2%
in 1992 down 20pts about 1%
in 1988 flat
in 1984 up 14pts or about 1.5%
in 1980 flat.
This is the worse reaction to an election by the markets in the last 30 years. Most day’s after is like business as usally. No sell offs. Sometimes you get a small rally. Today was an massive in your face NO THANK YOU form the market. HISTORIC reaction. Not seen ever.