PJ BLOGGER

DOW PLUMMETS 486 POINTS; WORST POST-ELECTION DAY PLUNGE EVER

In Uncategorized on November 5, 2008 at 11:21 pm

Reader comments on markets :

Markets shutter at prospect of coming Obama presidency

Dow sinks 486 points on the day after the election of Obama. Investors ponder what an Obama presidency will bring. Hope?

Most not hopeful based on his comments concerning redistributing the wealth through tax policy. Then pondering his desire for more regulation, job growth provided by government (now there is an oxymoron) and his hostility to free trade, one must consider the possibility of Carter like economic stagflation – no growth and high inflation.

With the Democrats in control of all both houses of congress and the executive branch, we are in for one hell of a ride. Can anyone say European Socialism?

Enterprise Rent-A-Car

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  1. “European Socialism”

    Please, he’s a Marxist! Don’t be shy of calling a spade a spade.

  2. when it became apparent a few months ago that Obama would be our next Pres..the sell-off began. Smart money sells now before that socialist raises the tax rate on capital gains.

  3. The markets have been doing that for weeks.

    They “shudder” at the thought of oversight.

  4. Lot of money to be made in this volatile market …
    hee hee hee

  5. Even if you gave all the “I need more government to help me” people all the money, in a few weeks/months the “I don’t want government’s help” people will have it again.

    Yes, the meek with inherit the earth but the meek won’t know what to do with it.

  6. If you give a man a fish…

    My God people… TEACH! TEACH! TEACH!

    It is the only true charitable thing to do.

  7. we will see how good he is.

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